In this paper we examine integration between emerging and U.S. debt and equity markets. We first investigate price changes around significant "events," in this case changes in short-term U.S. interest rates brought about by actions of the Federal Reserve. Second, we estimate the predictability...

This paper provides a theoretical and empirical examination of the e®ect of debt structure on the probability of a currency crisis and the slope of the yield curve. We employ an open-economy version of the Barro-Gordon model with public debt, as in Benigno and Missale (2004) and generalize the...

In this paper, we study a model incorporating the retail trader’s reluctance to sell into losses. We show that in this setup the informed trader always buys the asset when he receives a favorable signal. However, when the informed trader receives an unfavorable signal, he may not always sell...

We examine the impact of the May 2003 dividend tax cut and managerial stock holdings on corporate dividend initiation decision. We find that managers who hold sizable stakes in their companies are more likely to initiate dividends following this tax cut. This positive relation is stronger for...

Soil water is an important factor affecting photosynthesis, transpiration, growth, and yield of crops. Accurate information on soil water content (SWC) is crucial for practical agricultural water management at various scales. In this study, remotely sensed parameters (leaf area index, land cover...

Terrestrial water cycles are influenced by hydrologic and textural properties of the deep loess layer in the Loess Plateau. Analyses of soil water profile distributions are needed to understand the regional water cycle processes and to guide agricultural production and sustainability. The...

Calcined dolomite is a good catalyst in terms of its activity for gasification of residue derived from biomass hydrolysis for hydrogen production, whereas its fragility can cause trouble during operation. A novel modification method aimed at improving the strength of the calcined dolomite has...

We model a situation where the entrepreneur has an informational advantage during the early stages of an investment project while the venture capitalist has the informational advantage during the later stages. We examine how this evolution of informational asymmetry affects venture investment...

For graphs Gn on n vertices and H(n) on hn vertices, where hn divides n, an H(n)-factor of Gn is a spanning subgraph of Gn consisting of n/hn vertex disjoint copies of H(n). Our main result has supplied a lower bound (or upper bound) of p in the problem of determining the minimal (or maximal)...