Externalities in economics and finance: Essays on spillover effects and economic decisions

Francesco Mazzola

Externalities in economics and finance: Essays on spillover effects and economic decisions

Francesco Mazzola

Department of Finance

Research output: Types of Thesis › Doctoral Thesis › Internal

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Abstract

This dissertation includes three chapters that empirically investigate the role of externalities in financial markets (Chapter 2 and 3), and in society during a health crisis (Chapter 4). More specifically, in Chapter 2 I explore how the risk of future collateral fire sales affects lending decisions. In Chapter 3, I examine how technology can make the collateral liquidation process more efficient, as well as the indirect consequences it may have on other assets. In Chapter 4, I study the effectiveness of government interventions in containing negative externalities during the COVID-19 outbreak in Italy. Final remarks conclude in Chapter 5.

Original language	English
Awarding Institution	Erasmus University Rotterdam
Supervisors/Advisors	Wagner, Wolf, Supervisor Bongaerts, Dion, Supervisor
Award date	8 Dec 2023
Place of Publication	Rotterdam
Print ISBNs	978-90-5892-684-5
Publication status	Published - 8 Dec 2023

Series

ERIM PhD Series Research in Management

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final dissertation Mazzola, Francesco Final published version, 5.61 MB

Cite this

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title = "Externalities in economics and finance: Essays on spillover effects and economic decisions",

abstract = "This dissertation includes three chapters that empirically investigate the role of externalities in financial markets (Chapter 2 and 3), and in society during a health crisis (Chapter 4). More specifically, in Chapter 2 I explore how the risk of future collateral fire sales affects lending decisions. In Chapter 3, I examine how technology can make the collateral liquidation process more efficient, as well as the indirect consequences it may have on other assets. In Chapter 4, I study the effectiveness of government interventions in containing negative externalities during the COVID-19 outbreak in Italy. Final remarks conclude in Chapter 5.",

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N2 - This dissertation includes three chapters that empirically investigate the role of externalities in financial markets (Chapter 2 and 3), and in society during a health crisis (Chapter 4). More specifically, in Chapter 2 I explore how the risk of future collateral fire sales affects lending decisions. In Chapter 3, I examine how technology can make the collateral liquidation process more efficient, as well as the indirect consequences it may have on other assets. In Chapter 4, I study the effectiveness of government interventions in containing negative externalities during the COVID-19 outbreak in Italy. Final remarks conclude in Chapter 5.

AB - This dissertation includes three chapters that empirically investigate the role of externalities in financial markets (Chapter 2 and 3), and in society during a health crisis (Chapter 4). More specifically, in Chapter 2 I explore how the risk of future collateral fire sales affects lending decisions. In Chapter 3, I examine how technology can make the collateral liquidation process more efficient, as well as the indirect consequences it may have on other assets. In Chapter 4, I study the effectiveness of government interventions in containing negative externalities during the COVID-19 outbreak in Italy. Final remarks conclude in Chapter 5.

M3 - Doctoral Thesis

SN - 978-90-5892-684-5

T3 - ERIM Ph.D series research in management

CY - Rotterdam

ER -

Externalities in economics and finance: Essays on spillover effects and economic decisions

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