This study adopts multinomial logit models to separately measure the extent to which financial ratios and corporate governance signal the likelihood of "slight distress events" and "reorganization and bankruptcy." The results show that corporate governance variables are closely related to the...

An accurate quantification and characterization of the available wind resources is necessary to optimally design a wind farm. To effectively evaluate the wind energy, studying the wind's statistical characteristics is required. The probability distribution of wind speed is a very important piece...

It has been proved that there are many indicators (petrophysical quantities) for the estimation of petroleum reservoirs. The value of information contained in each indicator is yet to be addressed. In this work, the most famous and applicable petrophysical quantities for a reservoir, which are...

The paper presents a simple model for discussing the effects of deficit limits and budget rules on fiscal policy. I find that limits on deficit-output ratios provide incentives to implement procyclical policies when the economy is in intermediate states, and countercyclical policies only in very...

One approach to oil markets is to treat oil as an asset, besides its role as a commodity. Speculative and nonspeculative activity by investors in the derivatives markets could be responsible for a sizable increase in oil prices. This paper recognizes both the consumption and investment aspects...

Option prices provide valuable information on market expectations. This paper attempts to extract market expectations, as conveyed by an implied risk-neutral probability distribution, from option prices for the dollar-euro exchange rate. Returns' volatilities are inferred from observed and...