The model of turbine mass flow characteristics is vital to simulate equipment and systems having a turbine, such as renewable energy power systems, air cycle refrigeration systems, power plants, and turbine engines. Existing empirical and partly empirical models of turbine mass flow...

I propose a unified model of domestic bank runs, sovereign debt issuance and international reserve accumulation. Banking fragility gives rise to endogenous costs of default that support sovereign debt capacity. It additionally brings about a financial stabilization role for international...

We build a dynamic capital structure model to study the link between firms' systematic risk exposures and their time-varying debt maturity choices, as well as its implications for the term structure of credit spreads. Compared to short-term debt, long-term debt helps reduce rollover risks, but...

We study sovereign debt and default policies when credit and liquidity risk are jointly determined. To account for both types of risks we focus on an economy with incomplete markets, limited commitment, and search frictions in the secondary market for sovereign bonds. We quantify the effect of...

This paper involves the multi-mode project payment scheduling problem with bonus-penalty structure where activities can be performed with several modes and a bonus-penalty structure exists at the deadline of the project. In the problem the decisions on when to schedule events and payments, the...