This paper documents and assesses the risk stemming from rising corporate indebtedness in China using a firm-level dataset of listed firms. It finds that while leverage on average is not high, there is a fat tail of highly leveraged firms accounting for a significant share of total corporate...

This paper examines the impact of the recent global crisis on emerging market economies (EMs). Our cross-country analysis shows that the impact of the crisis was more pronounced in those EMs that had initial weaker fundamentals and greater financial and trade linkages. This effect is observed...

This paper assesses the scope and coverage of quasi-fiscal activities (QFAs) in Ghana. We find that while QFAs have been reduced recently, they remain significant. The extensive nature of these activities has several macroeconomic and structural policy implications. An extended measure of public...

Although Bosnia and Herzegovina (BiH) has experienced rapid growth in credit to households in recent years, most individuals are still credit constrained. This paper analyzes the determinants of household credit demand and credit constraints in BiH. To our knowledge, it is the first study on...

High smoothness and high stability are two most important characteristics in High-speed railway, which determine the significance and importance of settlement and deformation monitoring of underline engineering. The settlement observational data is complex and massive, only by reasonable and...

This impressive Handbook presents the quantitative techniques that are commonly employed in empirical finance research together with real-world, state-of-the-art research examples.

In this paper, we consider a scheduling problem with position-based deteriorating jobs and past-sequence-dependent delivery times on a single machine or parallel machines. Each job's delivery time is dependent on its waiting time for processing. Because of the deteriorating effect, each machine...

Forests have economic, ecological, social and cultural functions. Forests Cultural ecology, the counterpart of forest ecology， is the integration of human spirit formed on the basis of natural forest and living systems. In recent years, China's urbanization rate has increased from 28% in...

Forestry development in Germany and China does not seem to be comparable due to differences in nature, politics, economy, society, culture and demographic situation, but the comparative study on these still has great important theoretical and practical significance. Taking into account the...

We use a comprehensive database of sovereign credit ratings (SCRs) from Moody’s, Standard and Poor’s and Fitch for a cross-section of 120 countries from 1986--2009. Using panel data, we find that GDP per capita, the GDP growth rate and the degree of industrialization positively affect...