We document a considerable increase in foreign financing by the corporate sector in
emerging economies (EMEs) since the early 2000s, mainly in the form of bond issuance …

We examine the welfare effects of bailouts in economies exposed to sovereign default risk.
When a government of a small open economy requests a bailout from an international …

In this paper we examine the impact of bailout policies in small open economies that are
subject to financial frictions. We extend standard endogenous default models in two ways …

This paper examines the welfare effects of bailouts, policies that combine third-party
subsidized loans with limits on sovereign borrowing, in economies exposed to sovereign …

This thesis comprises two studies in the relationship between corporate firms' financing
decisions and business cycles. In the first chapter, I propose a transmission mechanism …