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Why Do Emerging Economies Borrow Short Term?
"Broner, Lorenzoni, and Schmukler argue that emerging economies borrow short term due to the high risk premium charged by international capital markets on long-term debt. They first present a model where the debt maturity structure is the outcome of a risk-sharing problem between the government and bondholders. By issuing long-term debt, the government lowers the probability of a liquidity crisis, transferring risk to bondholders. In equilibrium, this risk is reflected in a higher risk premium and borrowing cost. Therefore, the government faces a tradeoff between safer long-term borrowing and cheaper short-term debt. Second, the authors construct a new database of sovereign bond prices and i...
Myths of the Creation of Chinese
Drawing on the sun, moon, dragon, phoenix, Nuwa, Yandi, Huangdi and other widely circulated cultural elements as examples, this book addresses the development and evolution of the most representative Chinese creation myths regarding nature, totems, ancestors and saints. The book not only interprets key creation myths, but also elaborates on the connection between the myths and some of the core values and concepts in Chinese civilization. For example, the long and jade culture is rooted in the Yellow Emperor’s revered jade weapon. Further, the book reveals the kernels of truth in the myths by presenting new research findings and research methods.
2014 International Conference on Social Science and and Environment Protection (SSEP2014)
This conference promises to be both informative and stimulating with a wonderful program. Delegates will have a wide range of sessions to choose from and will have a difficult to choose which session to attend. The program consists of invited session, technical workshop and discussions covering a wide range of topics in social science including communication, culture, economics, education, finance, law, management, politics, psychology and society. This rich program provides all attendees with the opportunities to meet and interact with one another. We hope that your experience with SSEP2014 is a fruitful and long lasting one.
The Wolf's Call
'Robin Hobb meets Joe Abercrombie . . . This is fantasy with a totally legendary feel' Fantasy Book Review 'The Wolf's Call is everything a fantasy fan could ever wish for' Booknest 'Anthony Ryan's best work since the release of his incredible debut . . . fantastic storytelling' Novel Notions 'An immensely satisfying, top-notch adventure fantasy' Kirkus Vaelin Al Sorna is a living legend. It was his leadership that overthrew empires and his sacrifice that saved the Unified Realm from destruction. Now he lives a quiet life, his days of warfare behind him. Yet whispers have spread across the sea of an army called the Steel Horde, led by a man who thinks himself a god. When Vaelin learns that S...
Chinese Imperial City Planning
Chinese Imperial City Planning is the first synthesis of what is known from textual and archaeological evidence about every Chinese imperial capital, from earliest times to the present. It explains the fundamental architectural principles and visual characteristics of imperial planning in China and shows how these features are related to the Chinese idea of rulership. The volume also reconstructs the 3,500-year-old history of imperial planning using sources such as resident descriptions, travel accounts, official Chinese court records, and the most recent archaeological and scholarly studies. The extensive documentation provides students with a standard source of reference from which to embark on further research on Chinese urban planning.
The Sinitic Civilization Book I
The Sinitic Civilization A Factual History through the Lens of Archaeology, Bronzeware, Astronomy, Divination, Calendar and the Annals The book covered the time span of history of the Sinitic civilization from antiquity, to the 3rd millennium B.C. to A.D. 85. A comprehensive review of history related to the Sinitic cosmological, astronomical, astrological, historical, divinatory, and geographical developments was given. All ancient Chinese calendars had been examined, with the ancient thearchs’ dates examined from the perspective how they were forged or made up. The book provides the indisputable evidence regarding the fingerprint of the forger for the 3rd century A.D. book Shangshu (remot...
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