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Financial Institutions and the Real Economy
- Messer, Todd
- Advisor(s): Gourinchas, Pierre-Olivier
Abstract
This dissertation examines the role of financial institutions as they relate to foreign currency payments and financial stability. The first chapter of this dissertation examines how the foreign currency component of international payments can be costly for importers and exporters by studying the introduction of a payments system between Brazil and Argentina established in 2008. The second chapter of this dissertation examines the reasons behind short-term funding vulnerabilities of financial institutions by studying Building and Loan Associations in California during the Great Depression. Finally, the last chapter of this dissertation studies the COVID-19 pandemic, which is one of the most important public health and economic events of recent history. This chapter studies the effect of stay-at-home orders, enacted to combat the spread of COVID-19, on local labor markets.
Main Content
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