We present a model of long-duration collateralized debt with risk of default. Applied to the housing market, it can match the homeownership rate, the average foreclosure rate, and the lower tail of the distribution of home-equity ratios across homeowners prior to the recent crisis. We stress the...

We advance quantitative-theoretic models of sovereign debt by proving the existence of a downward sloping equilibrium price function for long-term debt and implementing a novel method to accurately compute it. We show that incorporating long-term debt allows the model to match Argentina's...

Chapter 1. A Dynamic Conditional Correlation analysis based approach to test Financial Contagion in developing markets -- Chapter 2. Achieving Business Agility through Service Oriented Architecture in Recovering Markets -- Chapter 3. An Analysis of Foreign Direct Investment with Special...