We revisit the bi-directional causality between public debt and the rate of GDP growth for 10
EMU countries alongside the US, UK and Japan, over sample periods spanning from 1970 …

In this paper, continuous wavelet decompositions regarding the notions of coherence and
phase are used to analyze the time-frequency dynamics of the existing relationships …

In recent years, we have observed significant growth in unconventional energy, shale
energy, in particular in the United States. There was a boom, followed by a bust. The plunge …

This paper develops an empirical model of corporate capital structure, optimal debt, and
overleveraging, covering approximately two decades since 2000 across six leading …

Resource booms create real sector and credit expansion in resource-rich countries;
however it can also give rise to over-borrowing. If a resource bust hits, the affected …

This paper addresses if and how excess debt can be considered as an early warning signal
for banks and takes an additional dimension by comparing the excess leverage between …

Stable banks in individual ASEAN countries are essential to the economic stability of the
ASEAN region as these countries move towards the goal of greater financial integration in …

Using a Bayesian GLMM, we analyze Euro zone sovereign real-world default probabilities
and correlations, and compare regulatory and economic capital requirements. The approach …

In this paper, we explore the causal relationships between energy, debt, and growth for a
selection of nine OECD European countries. This examination enables us to draw lessons …

Bankruptcy Prediction of companies is becoming increasingly significant in recent times as it
enables stakeholders to act quickly and reduce their financial losses. To create bankruptcy …