Financial frictions and business cycles [Elektronische Ressource] / vorgelegt von Sahibe Meral Çakıcı

Financial Frictions and Business CyclesInaugural-Dissertationzur Erlangung des Grades eines Doktorsder Wirtschafts- und Gesellschaftswissenschaftendurch dieRechts- und Staatswissenschaftliche Fakult atder Rheinischen Friedrich-Wilhelms-Universit atBonnvorgelegt vonSahibe Meral C ak c aus Erzurum, Turk eiBonn 2010Dekan: Prof. Dr. Christian HillgruberErstreferent: Prof. Dr. Jurgen von HagenZweitreferent: Prof. Dr. Christian BayerTag der mundlic hen Prufung: 18. 10. 2010Diese Dissertation ist auf dem Hochschulschriftenserver der ULB Bonn(http://hss.ulb.uni-bonn.de/diss online) elektronisch publiziert.iTo my parentsiiAcknowledgementsFirstly, I would like to thank my supervisor, Professor Jurgen von Hagen, for hiscontinuous support throughout the writing of this thesis. He always motivated meto further explore my limits and encouraged me in my decisions to improve myselfacademically in several di erent directions. I highly appreciate the time and e ort hespent supervising this thesis and I am sincerely grateful to him for all he taught me.Secondly, I would like to express my gratitude to Professor Urs Schweizer, who playsan important role in my decision to pursue my graduate studies at the Bonn GraduateSchool of Economics.I would like to thank my sisters, Julide Melda C ak c and Naime Meltem C ak c , whohave always been there for me, for their love and support.