id	sid	tid	token	lemma	pos
fbem-14590	1	1	frontiers	frontier	NOUN
fbem-14590	1	2	in	in	ADP
fbem-14590	1	3	business	business	NOUN
fbem-14590	1	4	,	,	PUNCT
fbem-14590	1	5	economics	economic	NOUN
fbem-14590	1	6	and	and	CCONJ
fbem-14590	1	7	management	management	NOUN
fbem-14590	1	8	issn	issn	PROPN
fbem-14590	1	9	:	:	PUNCT
fbem-14590	1	10	2766	2766	NUM
fbem-14590	1	11	-	-	PUNCT
fbem-14590	1	12	824x	824x	NUM
fbem-14590	1	13	|	|	ADJ
fbem-14590	1	14	vol	vol	NOUN
fbem-14590	1	15	.	.	PROPN
fbem-14590	2	1	12	12	NUM
fbem-14590	2	2	,	,	PUNCT
fbem-14590	2	3	no	no	INTJ
fbem-14590	2	4	.	.	NOUN
fbem-14590	2	5	2	2	NUM
fbem-14590	2	6	,	,	PUNCT
fbem-14590	2	7	2023	2023	NUM
fbem-14590	2	8	32	32	NUM
fbem-14590	2	9	the	the	DET
fbem-14590	2	10	relationship	relationship	NOUN
fbem-14590	2	11	between	between	ADP
fbem-14590	2	12	leverage	leverage	NOUN
fbem-14590	2	13	ratio	ratio	NOUN
fbem-14590	2	14	change	change	NOUN
fbem-14590	2	15	and	and	CCONJ
fbem-14590	2	16	economic	economic	ADJ
fbem-14590	2	17	growth	growth	NOUN
fbem-14590	2	18	rate	rate	NOUN
fbem-14590	2	19	in	in	ADP
fbem-14590	2	20	that	that	DET
fbem-14590	2	21	development	development	NOUN
fbem-14590	2	22	of	of	ADP
fbem-14590	2	23	financial	financial	ADJ
fbem-14590	2	24	market	market	NOUN
fbem-14590	2	25	shiyu	shiyu	NOUN
fbem-14590	2	26	xing	xing	PROPN
fbem-14590	2	27	one	one	NUM
fbem-14590	2	28	direction	direction	NOUN
fbem-14590	2	29	academy	academy	PROPN
fbem-14590	2	30	,	,	PUNCT
fbem-14590	2	31	toronto	toronto	PROPN
fbem-14590	2	32	,	,	PUNCT
fbem-14590	3	1	canada	canada	PROPN
fbem-14590	3	2	abstract	abstract	PROPN
fbem-14590	3	3	:	:	PUNCT
fbem-14590	3	4	the	the	DET
fbem-14590	3	5	relationship	relationship	NOUN
fbem-14590	3	6	between	between	ADP
fbem-14590	3	7	the	the	DET
fbem-14590	3	8	change	change	NOUN
fbem-14590	3	9	of	of	ADP
fbem-14590	3	10	leverage	leverage	NOUN
fbem-14590	3	11	ratio	ratio	NOUN
fbem-14590	3	12	and	and	CCONJ
fbem-14590	3	13	economic	economic	ADJ
fbem-14590	3	14	growth	growth	NOUN
fbem-14590	3	15	rate	rate	NOUN
fbem-14590	3	16	in	in	ADP
fbem-14590	3	17	financial	financial	ADJ
fbem-14590	3	18	markets	market	NOUN
fbem-14590	3	19	has	have	AUX
fbem-14590	3	20	always	always	ADV
fbem-14590	3	21	been	be	AUX
fbem-14590	3	22	the	the	DET
fbem-14590	3	23	focus	focus	NOUN
fbem-14590	3	24	of	of	ADP
fbem-14590	3	25	economists	economist	NOUN
fbem-14590	3	26	,	,	PUNCT
fbem-14590	3	27	policy	policy	NOUN
fbem-14590	3	28	makers	maker	NOUN
fbem-14590	3	29	and	and	CCONJ
fbem-14590	3	30	market	market	NOUN
fbem-14590	3	31	participants	participant	NOUN
fbem-14590	3	32	.	.	PUNCT
fbem-14590	4	1	the	the	DET
fbem-14590	4	2	goal	goal	NOUN
fbem-14590	4	3	of	of	ADP
fbem-14590	4	4	this	this	DET
fbem-14590	4	5	paper	paper	NOUN
fbem-14590	4	6	is	be	AUX
fbem-14590	4	7	to	to	PART
fbem-14590	4	8	deeply	deeply	ADV
fbem-14590	4	9	study	study	VERB
fbem-14590	4	10	how	how	SCONJ
fbem-14590	4	11	the	the	DET
fbem-14590	4	12	fluctuation	fluctuation	NOUN
fbem-14590	4	13	of	of	ADP
fbem-14590	4	14	leverage	leverage	NOUN
fbem-14590	4	15	ratio	ratio	NOUN
fbem-14590	4	16	affects	affect	VERB
fbem-14590	4	17	the	the	DET
fbem-14590	4	18	economic	economic	ADJ
fbem-14590	4	19	growth	growth	NOUN
fbem-14590	4	20	rate	rate	NOUN
fbem-14590	4	21	and	and	CCONJ
fbem-14590	4	22	explore	explore	VERB
fbem-14590	4	23	the	the	DET
fbem-14590	4	24	complex	complex	ADJ
fbem-14590	4	25	mechanism	mechanism	NOUN
fbem-14590	4	26	of	of	ADP
fbem-14590	4	27	this	this	DET
fbem-14590	4	28	relationship	relationship	NOUN
fbem-14590	4	29	.	.	PUNCT
fbem-14590	5	1	based	base	VERB
fbem-14590	5	2	on	on	ADP
fbem-14590	5	3	the	the	DET
fbem-14590	5	4	previous	previous	ADJ
fbem-14590	5	5	theoretical	theoretical	ADJ
fbem-14590	5	6	research	research	NOUN
fbem-14590	5	7	on	on	ADP
fbem-14590	5	8	leverage	leverage	NOUN
fbem-14590	5	9	ratio	ratio	NOUN
fbem-14590	5	10	and	and	CCONJ
fbem-14590	5	11	economic	economic	ADJ
fbem-14590	5	12	growth	growth	NOUN
fbem-14590	5	13	,	,	PUNCT
fbem-14590	5	14	this	this	DET
fbem-14590	5	15	paper	paper	NOUN
fbem-14590	5	16	shows	show	VERB
fbem-14590	5	17	that	that	SCONJ
fbem-14590	5	18	excessive	excessive	ADJ
fbem-14590	5	19	financial	financial	ADJ
fbem-14590	5	20	leverage	leverage	NOUN
fbem-14590	5	21	ratio	ratio	NOUN
fbem-14590	5	22	will	will	AUX
fbem-14590	5	23	not	not	PART
fbem-14590	5	24	only	only	ADV
fbem-14590	5	25	lead	lead	VERB
fbem-14590	5	26	to	to	ADP
fbem-14590	5	27	economic	economic	ADJ
fbem-14590	5	28	decline	decline	NOUN
fbem-14590	5	29	,	,	PUNCT
fbem-14590	5	30	but	but	CCONJ
fbem-14590	5	31	also	also	ADV
fbem-14590	5	32	cause	cause	VERB
fbem-14590	5	33	financial	financial	ADJ
fbem-14590	5	34	turmoil	turmoil	NOUN
fbem-14590	5	35	through	through	ADP
fbem-14590	5	36	the	the	DET
fbem-14590	5	37	pearson	pearson	PROPN
fbem-14590	5	38	correlation	correlation	NOUN
fbem-14590	5	39	research	research	NOUN
fbem-14590	5	40	between	between	ADP
fbem-14590	5	41	financial	financial	ADJ
fbem-14590	5	42	leverage	leverage	NOUN
fbem-14590	5	43	ratio	ratio	NOUN
fbem-14590	5	44	and	and	CCONJ
fbem-14590	5	45	economic	economic	ADJ
fbem-14590	5	46	growth	growth	NOUN
fbem-14590	5	47	.	.	PUNCT
fbem-14590	6	1	the	the	DET
fbem-14590	6	2	change	change	NOUN
fbem-14590	6	3	of	of	ADP
fbem-14590	6	4	leverage	leverage	NOUN
fbem-14590	6	5	ratio	ratio	NOUN
fbem-14590	6	6	has	have	VERB
fbem-14590	6	7	an	an	DET
fbem-14590	6	8	important	important	ADJ
fbem-14590	6	9	impact	impact	NOUN
fbem-14590	6	10	on	on	ADP
fbem-14590	6	11	economic	economic	ADJ
fbem-14590	6	12	growth	growth	NOUN
fbem-14590	6	13	,	,	PUNCT
fbem-14590	6	14	but	but	CCONJ
fbem-14590	6	15	this	this	DET
fbem-14590	6	16	impact	impact	NOUN
fbem-14590	6	17	is	be	AUX
fbem-14590	6	18	diversified	diversified	ADJ
fbem-14590	6	19	and	and	CCONJ
fbem-14590	6	20	complex	complex	ADJ
fbem-14590	6	21	.	.	PUNCT
fbem-14590	7	1	a	a	DET
fbem-14590	7	2	deep	deep	ADJ
fbem-14590	7	3	understanding	understanding	NOUN
fbem-14590	7	4	of	of	ADP
fbem-14590	7	5	the	the	DET
fbem-14590	7	6	relationship	relationship	NOUN
fbem-14590	7	7	between	between	ADP
fbem-14590	7	8	leverage	leverage	NOUN
fbem-14590	7	9	ratio	ratio	NOUN
fbem-14590	7	10	and	and	CCONJ
fbem-14590	7	11	economy	economy	NOUN
fbem-14590	7	12	is	be	AUX
fbem-14590	7	13	very	very	ADV
fbem-14590	7	14	important	important	ADJ
fbem-14590	7	15	for	for	ADP
fbem-14590	7	16	maintaining	maintain	VERB
fbem-14590	7	17	the	the	DET
fbem-14590	7	18	stability	stability	NOUN
fbem-14590	7	19	of	of	ADP
fbem-14590	7	20	financial	financial	ADJ
fbem-14590	7	21	markets	market	NOUN
fbem-14590	7	22	and	and	CCONJ
fbem-14590	7	23	sustainable	sustainable	ADJ
fbem-14590	7	24	economic	economic	ADJ
fbem-14590	7	25	growth	growth	NOUN
fbem-14590	7	26	,	,	PUNCT
fbem-14590	7	27	especially	especially	ADV
fbem-14590	7	28	in	in	ADP
fbem-14590	7	29	the	the	DET
fbem-14590	7	30	ever	ever	ADV
fbem-14590	7	31	-	-	PUNCT
fbem-14590	7	32	changing	change	VERB
fbem-14590	7	33	global	global	ADJ
fbem-14590	7	34	financial	financial	ADJ
fbem-14590	7	35	environment	environment	NOUN
fbem-14590	7	36	.	.	PUNCT
fbem-14590	8	1	this	this	PRON
fbem-14590	8	2	requires	require	VERB
fbem-14590	8	3	the	the	DET
fbem-14590	8	4	joint	joint	ADJ
fbem-14590	8	5	efforts	effort	NOUN
fbem-14590	8	6	of	of	ADP
fbem-14590	8	7	policy	policy	NOUN
fbem-14590	8	8	makers	maker	NOUN
fbem-14590	8	9	,	,	PUNCT
fbem-14590	8	10	regulators	regulator	NOUN
fbem-14590	8	11	and	and	CCONJ
fbem-14590	8	12	market	market	NOUN
fbem-14590	8	13	participants	participant	NOUN
fbem-14590	8	14	to	to	PART
fbem-14590	8	15	ensure	ensure	VERB
fbem-14590	8	16	the	the	DET
fbem-14590	8	17	effectiveness	effectiveness	NOUN
fbem-14590	8	18	and	and	CCONJ
fbem-14590	8	19	sustainability	sustainability	NOUN
fbem-14590	8	20	of	of	ADP
fbem-14590	8	21	leverage	leverage	NOUN
fbem-14590	8	22	ratio	ratio	NOUN
fbem-14590	8	23	management	management	NOUN
fbem-14590	8	24	.	.	PUNCT
fbem-14590	9	1	keywords	keyword	NOUN
fbem-14590	9	2	:	:	PUNCT
fbem-14590	9	3	financial	financial	ADJ
fbem-14590	9	4	market	market	NOUN
fbem-14590	9	5	,	,	PUNCT
fbem-14590	9	6	economic	economic	ADJ
fbem-14590	9	7	growth	growth	NOUN
fbem-14590	9	8	,	,	PUNCT
fbem-14590	9	9	leverage	leverage	NOUN
fbem-14590	9	10	ratio	ratio	NOUN
fbem-14590	9	11	.	.	PUNCT
fbem-14590	10	1	1	1	X
fbem-14590	10	2	.	.	X
fbem-14590	10	3	introduction	introduction	NOUN
fbem-14590	10	4	financial	financial	ADJ
fbem-14590	10	5	market	market	NOUN
fbem-14590	10	6	has	have	AUX
fbem-14590	10	7	always	always	ADV
fbem-14590	10	8	been	be	AUX
fbem-14590	10	9	regarded	regard	VERB
fbem-14590	10	10	as	as	ADP
fbem-14590	10	11	an	an	DET
fbem-14590	10	12	important	important	ADJ
fbem-14590	10	13	part	part	NOUN
fbem-14590	10	14	of	of	ADP
fbem-14590	10	15	modern	modern	ADJ
fbem-14590	10	16	economy	economy	NOUN
fbem-14590	10	17	,	,	PUNCT
fbem-14590	10	18	which	which	PRON
fbem-14590	10	19	plays	play	VERB
fbem-14590	10	20	a	a	DET
fbem-14590	10	21	vital	vital	ADJ
fbem-14590	10	22	role	role	NOUN
fbem-14590	10	23	in	in	ADP
fbem-14590	10	24	resource	resource	NOUN
fbem-14590	10	25	allocation	allocation	NOUN
fbem-14590	10	26	,	,	PUNCT
fbem-14590	10	27	risk	risk	NOUN
fbem-14590	10	28	management	management	NOUN
fbem-14590	10	29	and	and	CCONJ
fbem-14590	10	30	economic	economic	ADJ
fbem-14590	10	31	growth	growth	NOUN
fbem-14590	10	32	.	.	PUNCT
fbem-14590	11	1	in	in	ADP
fbem-14590	11	2	the	the	DET
fbem-14590	11	3	financial	financial	ADJ
fbem-14590	11	4	market	market	NOUN
fbem-14590	11	5	,	,	PUNCT
fbem-14590	11	6	leverage	leverage	NOUN
fbem-14590	11	7	ratio	ratio	NOUN
fbem-14590	11	8	is	be	AUX
fbem-14590	11	9	a	a	DET
fbem-14590	11	10	key	key	ADJ
fbem-14590	11	11	indicator	indicator	NOUN
fbem-14590	11	12	,	,	PUNCT
fbem-14590	11	13	which	which	PRON
fbem-14590	11	14	reflects	reflect	VERB
fbem-14590	11	15	the	the	DET
fbem-14590	11	16	extent	extent	NOUN
fbem-14590	11	17	to	to	PART
fbem-14590	11	18	which	which	PRON
fbem-14590	11	19	market	market	NOUN
fbem-14590	11	20	participants	participant	NOUN
fbem-14590	11	21	use	use	VERB
fbem-14590	11	22	borrowed	borrow	VERB
fbem-14590	11	23	funds	fund	NOUN
fbem-14590	11	24	to	to	PART
fbem-14590	11	25	invest	invest	VERB
fbem-14590	11	26	.	.	PUNCT
fbem-14590	12	1	the	the	DET
fbem-14590	12	2	relationship	relationship	NOUN
fbem-14590	12	3	between	between	ADP
fbem-14590	12	4	the	the	DET
fbem-14590	12	5	change	change	NOUN
fbem-14590	12	6	of	of	ADP
fbem-14590	12	7	leverage	leverage	NOUN
fbem-14590	12	8	ratio	ratio	NOUN
fbem-14590	12	9	and	and	CCONJ
fbem-14590	12	10	economic	economic	ADJ
fbem-14590	12	11	growth	growth	NOUN
fbem-14590	12	12	rate	rate	NOUN
fbem-14590	12	13	has	have	AUX
fbem-14590	12	14	always	always	ADV
fbem-14590	12	15	been	be	AUX
fbem-14590	12	16	concerned	concern	VERB
fbem-14590	12	17	by	by	ADP
fbem-14590	12	18	scholars	scholar	NOUN
fbem-14590	12	19	and	and	CCONJ
fbem-14590	12	20	policy	policy	NOUN
fbem-14590	12	21	makers	maker	NOUN
fbem-14590	12	22	,	,	PUNCT
fbem-14590	12	23	because	because	SCONJ
fbem-14590	12	24	this	this	DET
fbem-14590	12	25	relationship	relationship	NOUN
fbem-14590	12	26	may	may	AUX
fbem-14590	12	27	have	have	VERB
fbem-14590	12	28	a	a	DET
fbem-14590	12	29	significant	significant	ADJ
fbem-14590	12	30	impact	impact	NOUN
fbem-14590	12	31	on	on	ADP
fbem-14590	12	32	the	the	DET
fbem-14590	12	33	stability	stability	NOUN
fbem-14590	12	34	of	of	ADP
fbem-14590	12	35	financial	financial	ADJ
fbem-14590	12	36	markets	market	NOUN
fbem-14590	12	37	and	and	CCONJ
fbem-14590	12	38	the	the	DET
fbem-14590	12	39	entire	entire	ADJ
fbem-14590	12	40	economic	economic	ADJ
fbem-14590	12	41	system	system	NOUN
fbem-14590	13	1	[	[	X
fbem-14590	13	2	1	1	NUM
fbem-14590	13	3	]	]	PUNCT
fbem-14590	13	4	.	.	PUNCT
fbem-14590	14	1	in	in	ADP
fbem-14590	14	2	the	the	DET
fbem-14590	14	3	past	past	ADJ
fbem-14590	14	4	few	few	ADJ
fbem-14590	14	5	decades	decade	NOUN
fbem-14590	14	6	,	,	PUNCT
fbem-14590	14	7	the	the	DET
fbem-14590	14	8	global	global	ADJ
fbem-14590	14	9	financial	financial	ADJ
fbem-14590	14	10	market	market	NOUN
fbem-14590	14	11	has	have	AUX
fbem-14590	14	12	undergone	undergo	VERB
fbem-14590	14	13	profound	profound	ADJ
fbem-14590	14	14	changes	change	NOUN
fbem-14590	14	15	.	.	PUNCT
fbem-14590	15	1	financial	financial	ADJ
fbem-14590	15	2	innovation	innovation	NOUN
fbem-14590	15	3	,	,	PUNCT
fbem-14590	15	4	globalization	globalization	NOUN
fbem-14590	15	5	and	and	CCONJ
fbem-14590	15	6	technological	technological	ADJ
fbem-14590	15	7	progress	progress	NOUN
fbem-14590	15	8	have	have	AUX
fbem-14590	15	9	all	all	PRON
fbem-14590	15	10	promoted	promote	VERB
fbem-14590	15	11	the	the	DET
fbem-14590	15	12	development	development	NOUN
fbem-14590	15	13	of	of	ADP
fbem-14590	15	14	financial	financial	ADJ
fbem-14590	15	15	markets	market	NOUN
fbem-14590	15	16	,	,	PUNCT
fbem-14590	15	17	making	make	VERB
fbem-14590	15	18	it	it	PRON
fbem-14590	15	19	easier	easy	ADJ
fbem-14590	15	20	for	for	SCONJ
fbem-14590	15	21	financial	financial	ADJ
fbem-14590	15	22	institutions	institution	NOUN
fbem-14590	15	23	and	and	CCONJ
fbem-14590	15	24	investors	investor	NOUN
fbem-14590	15	25	to	to	PART
fbem-14590	15	26	obtain	obtain	VERB
fbem-14590	15	27	and	and	CCONJ
fbem-14590	15	28	use	use	VERB
fbem-14590	15	29	leverage	leverage	NOUN
fbem-14590	15	30	[	[	X
fbem-14590	15	31	2	2	NUM
fbem-14590	15	32	-	-	SYM
fbem-14590	15	33	3	3	NUM
fbem-14590	15	34	]	]	PUNCT
fbem-14590	15	35	.	.	PUNCT
fbem-14590	16	1	this	this	DET
fbem-14590	16	2	change	change	NOUN
fbem-14590	16	3	leads	lead	VERB
fbem-14590	16	4	to	to	ADP
fbem-14590	16	5	the	the	DET
fbem-14590	16	6	fluctuation	fluctuation	NOUN
fbem-14590	16	7	of	of	ADP
fbem-14590	16	8	leverage	leverage	NOUN
fbem-14590	16	9	ratio	ratio	NOUN
fbem-14590	16	10	,	,	PUNCT
fbem-14590	16	11	which	which	PRON
fbem-14590	16	12	may	may	AUX
fbem-14590	16	13	have	have	VERB
fbem-14590	16	14	a	a	DET
fbem-14590	16	15	complex	complex	ADJ
fbem-14590	16	16	impact	impact	NOUN
fbem-14590	16	17	on	on	ADP
fbem-14590	16	18	economic	economic	ADJ
fbem-14590	16	19	growth	growth	NOUN
fbem-14590	16	20	.	.	PUNCT
fbem-14590	17	1	on	on	ADP
fbem-14590	17	2	the	the	DET
fbem-14590	17	3	one	one	NUM
fbem-14590	17	4	hand	hand	NOUN
fbem-14590	17	5	,	,	PUNCT
fbem-14590	17	6	higher	high	ADJ
fbem-14590	17	7	leverage	leverage	NOUN
fbem-14590	17	8	ratio	ratio	NOUN
fbem-14590	17	9	can	can	AUX
fbem-14590	17	10	increase	increase	VERB
fbem-14590	17	11	the	the	DET
fbem-14590	17	12	activity	activity	NOUN
fbem-14590	17	13	of	of	ADP
fbem-14590	17	14	financial	financial	ADJ
fbem-14590	17	15	markets	market	NOUN
fbem-14590	17	16	and	and	CCONJ
fbem-14590	17	17	provide	provide	VERB
fbem-14590	17	18	more	more	ADJ
fbem-14590	17	19	financing	financing	NOUN
fbem-14590	17	20	opportunities	opportunity	NOUN
fbem-14590	17	21	for	for	ADP
fbem-14590	17	22	enterprises	enterprise	NOUN
fbem-14590	17	23	and	and	CCONJ
fbem-14590	17	24	individuals	individual	NOUN
fbem-14590	17	25	,	,	PUNCT
fbem-14590	17	26	thus	thus	ADV
fbem-14590	17	27	promoting	promote	VERB
fbem-14590	17	28	economic	economic	ADJ
fbem-14590	17	29	growth	growth	NOUN
fbem-14590	17	30	.	.	PUNCT
fbem-14590	18	1	on	on	ADP
fbem-14590	18	2	the	the	DET
fbem-14590	18	3	other	other	ADJ
fbem-14590	18	4	hand	hand	NOUN
fbem-14590	18	5	,	,	PUNCT
fbem-14590	18	6	high	high	ADJ
fbem-14590	18	7	leverage	leverage	NOUN
fbem-14590	18	8	ratio	ratio	NOUN
fbem-14590	18	9	may	may	AUX
fbem-14590	18	10	also	also	ADV
fbem-14590	18	11	lead	lead	VERB
fbem-14590	18	12	to	to	ADP
fbem-14590	18	13	the	the	DET
fbem-14590	18	14	instability	instability	NOUN
fbem-14590	18	15	of	of	ADP
fbem-14590	18	16	the	the	DET
fbem-14590	18	17	financial	financial	ADJ
fbem-14590	18	18	market	market	NOUN
fbem-14590	18	19	.	.	PUNCT
fbem-14590	19	1	when	when	SCONJ
fbem-14590	19	2	the	the	DET
fbem-14590	19	3	market	market	NOUN
fbem-14590	19	4	encounters	encounter	VERB
fbem-14590	19	5	an	an	DET
fbem-14590	19	6	impact	impact	NOUN
fbem-14590	19	7	,	,	PUNCT
fbem-14590	19	8	it	it	PRON
fbem-14590	19	9	may	may	AUX
fbem-14590	19	10	trigger	trigger	VERB
fbem-14590	19	11	a	a	DET
fbem-14590	19	12	financial	financial	ADJ
fbem-14590	19	13	crisis	crisis	NOUN
fbem-14590	19	14	and	and	CCONJ
fbem-14590	19	15	have	have	VERB
fbem-14590	19	16	a	a	DET
fbem-14590	19	17	negative	negative	ADJ
fbem-14590	19	18	impact	impact	NOUN
fbem-14590	19	19	on	on	ADP
fbem-14590	19	20	the	the	DET
fbem-14590	19	21	economy	economy	NOUN
fbem-14590	19	22	.	.	PUNCT
fbem-14590	20	1	therefore	therefore	ADV
fbem-14590	20	2	,	,	PUNCT
fbem-14590	20	3	this	this	DET
fbem-14590	20	4	paper	paper	NOUN
fbem-14590	20	5	aims	aim	VERB
fbem-14590	20	6	to	to	PART
fbem-14590	20	7	deeply	deeply	ADV
fbem-14590	20	8	study	study	VERB
fbem-14590	20	9	the	the	DET
fbem-14590	20	10	relationship	relationship	NOUN
fbem-14590	20	11	between	between	ADP
fbem-14590	20	12	the	the	DET
fbem-14590	20	13	change	change	NOUN
fbem-14590	20	14	of	of	ADP
fbem-14590	20	15	leverage	leverage	NOUN
fbem-14590	20	16	ratio	ratio	NOUN
fbem-14590	20	17	and	and	CCONJ
fbem-14590	20	18	economic	economic	ADJ
fbem-14590	20	19	growth	growth	NOUN
fbem-14590	20	20	rate	rate	NOUN
fbem-14590	20	21	in	in	ADP
fbem-14590	20	22	the	the	DET
fbem-14590	20	23	development	development	NOUN
fbem-14590	20	24	of	of	ADP
fbem-14590	20	25	financial	financial	ADJ
fbem-14590	20	26	markets	market	NOUN
fbem-14590	20	27	.	.	PUNCT
fbem-14590	21	1	through	through	ADP
fbem-14590	21	2	the	the	DET
fbem-14590	21	3	indepth	indepth	ADJ
fbem-14590	21	4	study	study	NOUN
fbem-14590	21	5	of	of	ADP
fbem-14590	21	6	the	the	DET
fbem-14590	21	7	complex	complex	ADJ
fbem-14590	21	8	relationship	relationship	NOUN
fbem-14590	21	9	between	between	ADP
fbem-14590	21	10	leverage	leverage	NOUN
fbem-14590	21	11	ratio	ratio	NOUN
fbem-14590	21	12	and	and	CCONJ
fbem-14590	21	13	economic	economic	ADJ
fbem-14590	21	14	growth	growth	NOUN
fbem-14590	21	15	,	,	PUNCT
fbem-14590	21	16	we	we	PRON
fbem-14590	21	17	are	be	AUX
fbem-14590	21	18	expected	expect	VERB
fbem-14590	21	19	to	to	PART
fbem-14590	21	20	better	well	ADV
fbem-14590	21	21	understand	understand	VERB
fbem-14590	21	22	how	how	SCONJ
fbem-14590	21	23	the	the	DET
fbem-14590	21	24	evolution	evolution	NOUN
fbem-14590	21	25	of	of	ADP
fbem-14590	21	26	financial	financial	ADJ
fbem-14590	21	27	markets	market	NOUN
fbem-14590	21	28	affects	affect	VERB
fbem-14590	21	29	the	the	DET
fbem-14590	21	30	entire	entire	ADJ
fbem-14590	21	31	economic	economic	ADJ
fbem-14590	21	32	system	system	NOUN
fbem-14590	21	33	and	and	CCONJ
fbem-14590	21	34	provide	provide	VERB
fbem-14590	21	35	guidance	guidance	NOUN
fbem-14590	21	36	for	for	ADP
fbem-14590	21	37	formulating	formulate	VERB
fbem-14590	21	38	effective	effective	ADJ
fbem-14590	21	39	policies	policy	NOUN
fbem-14590	21	40	.	.	PUNCT
fbem-14590	22	1	this	this	PRON
fbem-14590	22	2	is	be	AUX
fbem-14590	22	3	of	of	ADP
fbem-14590	22	4	great	great	ADJ
fbem-14590	22	5	significance	significance	NOUN
fbem-14590	22	6	for	for	ADP
fbem-14590	22	7	maintaining	maintain	VERB
fbem-14590	22	8	the	the	DET
fbem-14590	22	9	stability	stability	NOUN
fbem-14590	22	10	and	and	CCONJ
fbem-14590	22	11	sustainable	sustainable	ADJ
fbem-14590	22	12	development	development	NOUN
fbem-14590	22	13	of	of	ADP
fbem-14590	22	14	the	the	DET
fbem-14590	22	15	financial	financial	ADJ
fbem-14590	22	16	market	market	NOUN
fbem-14590	22	17	and	and	CCONJ
fbem-14590	22	18	economic	economic	ADJ
fbem-14590	22	19	system	system	NOUN
fbem-14590	22	20	,	,	PUNCT
fbem-14590	22	21	especially	especially	ADV
fbem-14590	22	22	in	in	ADP
fbem-14590	22	23	the	the	DET
fbem-14590	22	24	ever	ever	ADV
fbem-14590	22	25	-	-	PUNCT
fbem-14590	22	26	changing	change	VERB
fbem-14590	22	27	global	global	ADJ
fbem-14590	22	28	economic	economic	ADJ
fbem-14590	22	29	environment	environment	NOUN
fbem-14590	22	30	.	.	PUNCT
fbem-14590	23	1	2	2	X
fbem-14590	23	2	.	.	X
fbem-14590	23	3	mechanism	mechanism	NOUN
fbem-14590	23	4	of	of	ADP
fbem-14590	23	5	the	the	DET
fbem-14590	23	6	influence	influence	NOUN
fbem-14590	23	7	of	of	ADP
fbem-14590	23	8	leverage	leverage	NOUN
fbem-14590	23	9	ratio	ratio	NOUN
fbem-14590	23	10	change	change	NOUN
fbem-14590	23	11	on	on	ADP
fbem-14590	23	12	economic	economic	ADJ
fbem-14590	23	13	growth	growth	NOUN
fbem-14590	23	14	rate	rate	NOUN
fbem-14590	23	15	leverage	leverage	NOUN
fbem-14590	23	16	ratio	ratio	NOUN
fbem-14590	23	17	,	,	PUNCT
fbem-14590	23	18	that	that	ADV
fbem-14590	23	19	is	is	ADV
fbem-14590	23	20	,	,	PUNCT
fbem-14590	23	21	the	the	DET
fbem-14590	23	22	ratio	ratio	NOUN
fbem-14590	23	23	of	of	ADP
fbem-14590	23	24	capital	capital	NOUN
fbem-14590	23	25	to	to	ADP
fbem-14590	23	26	debt	debt	NOUN
fbem-14590	23	27	in	in	ADP
fbem-14590	23	28	financial	financial	ADJ
fbem-14590	23	29	markets	market	NOUN
fbem-14590	23	30	,	,	PUNCT
fbem-14590	23	31	has	have	AUX
fbem-14590	23	32	always	always	ADV
fbem-14590	23	33	been	be	AUX
fbem-14590	23	34	the	the	DET
fbem-14590	23	35	focus	focus	NOUN
fbem-14590	23	36	of	of	ADP
fbem-14590	23	37	the	the	DET
fbem-14590	23	38	complex	complex	ADJ
fbem-14590	23	39	relationship	relationship	NOUN
fbem-14590	23	40	between	between	ADP
fbem-14590	23	41	financial	financial	ADJ
fbem-14590	23	42	markets	market	NOUN
fbem-14590	23	43	and	and	CCONJ
fbem-14590	23	44	economic	economic	ADJ
fbem-14590	23	45	growth	growth	NOUN
fbem-14590	23	46	.	.	PUNCT
fbem-14590	24	1	the	the	DET
fbem-14590	24	2	change	change	NOUN
fbem-14590	24	3	of	of	ADP
fbem-14590	24	4	leverage	leverage	NOUN
fbem-14590	24	5	ratio	ratio	NOUN
fbem-14590	24	6	can	can	AUX
fbem-14590	24	7	have	have	VERB
fbem-14590	24	8	a	a	DET
fbem-14590	24	9	positive	positive	ADJ
fbem-14590	24	10	or	or	CCONJ
fbem-14590	24	11	negative	negative	ADJ
fbem-14590	24	12	impact	impact	NOUN
fbem-14590	24	13	on	on	ADP
fbem-14590	24	14	the	the	DET
fbem-14590	24	15	economy	economy	NOUN
fbem-14590	24	16	,	,	PUNCT
fbem-14590	24	17	which	which	PRON
fbem-14590	24	18	depends	depend	VERB
fbem-14590	24	19	on	on	ADP
fbem-14590	24	20	many	many	ADJ
fbem-14590	24	21	mechanisms	mechanism	NOUN
fbem-14590	24	22	and	and	CCONJ
fbem-14590	24	23	factors	factor	NOUN
fbem-14590	24	24	.	.	PUNCT
fbem-14590	25	1	the	the	DET
fbem-14590	25	2	fluctuation	fluctuation	NOUN
fbem-14590	25	3	of	of	ADP
fbem-14590	25	4	leverage	leverage	NOUN
fbem-14590	25	5	ratio	ratio	NOUN
fbem-14590	25	6	can	can	AUX
fbem-14590	25	7	be	be	AUX
fbem-14590	25	8	traced	trace	VERB
fbem-14590	25	9	back	back	ADV
fbem-14590	25	10	to	to	ADP
fbem-14590	25	11	many	many	ADJ
fbem-14590	25	12	factors	factor	NOUN
fbem-14590	25	13	,	,	PUNCT
fbem-14590	25	14	including	include	VERB
fbem-14590	25	15	financial	financial	ADJ
fbem-14590	25	16	innovation	innovation	NOUN
fbem-14590	25	17	,	,	PUNCT
fbem-14590	25	18	monetary	monetary	ADJ
fbem-14590	25	19	policy	policy	NOUN
fbem-14590	25	20	,	,	PUNCT
fbem-14590	25	21	economic	economic	ADJ
fbem-14590	25	22	cycle	cycle	NOUN
fbem-14590	25	23	,	,	PUNCT
fbem-14590	25	24	investor	investor	NOUN
fbem-14590	25	25	confidence	confidence	NOUN
fbem-14590	25	26	and	and	CCONJ
fbem-14590	25	27	changes	change	NOUN
fbem-14590	25	28	in	in	ADP
fbem-14590	25	29	laws	law	NOUN
fbem-14590	25	30	and	and	CCONJ
fbem-14590	25	31	regulations	regulation	NOUN
fbem-14590	25	32	[	[	X
fbem-14590	25	33	4	4	NUM
fbem-14590	25	34	-	-	SYM
fbem-14590	25	35	5	5	NUM
fbem-14590	25	36	]	]	PUNCT
fbem-14590	25	37	.	.	PUNCT
fbem-14590	26	1	these	these	DET
fbem-14590	26	2	factors	factor	NOUN
fbem-14590	26	3	can	can	AUX
fbem-14590	26	4	interact	interact	VERB
fbem-14590	26	5	with	with	ADP
fbem-14590	26	6	each	each	DET
fbem-14590	26	7	other	other	ADJ
fbem-14590	26	8	,	,	PUNCT
fbem-14590	26	9	leading	lead	VERB
fbem-14590	26	10	to	to	ADP
fbem-14590	26	11	the	the	DET
fbem-14590	26	12	increase	increase	NOUN
fbem-14590	26	13	or	or	CCONJ
fbem-14590	26	14	decrease	decrease	NOUN
fbem-14590	26	15	of	of	ADP
fbem-14590	26	16	leverage	leverage	NOUN
fbem-14590	26	17	ratio	ratio	NOUN
fbem-14590	26	18	,	,	PUNCT
fbem-14590	26	19	thus	thus	ADV
fbem-14590	26	20	having	have	VERB
fbem-14590	26	21	different	different	ADJ
fbem-14590	26	22	impacts	impact	NOUN
fbem-14590	26	23	on	on	ADP
fbem-14590	26	24	the	the	DET
fbem-14590	26	25	economy	economy	NOUN
fbem-14590	26	26	.	.	PUNCT
fbem-14590	27	1	the	the	DET
fbem-14590	27	2	influence	influence	NOUN
fbem-14590	27	3	mechanism	mechanism	NOUN
fbem-14590	27	4	of	of	ADP
fbem-14590	27	5	leverage	leverage	NOUN
fbem-14590	27	6	ratio	ratio	NOUN
fbem-14590	27	7	change	change	NOUN
fbem-14590	27	8	on	on	ADP
fbem-14590	27	9	economic	economic	ADJ
fbem-14590	27	10	growth	growth	NOUN
fbem-14590	27	11	can	can	AUX
fbem-14590	27	12	be	be	AUX
fbem-14590	27	13	divided	divide	VERB
fbem-14590	27	14	into	into	ADP
fbem-14590	27	15	the	the	DET
fbem-14590	27	16	following	follow	VERB
fbem-14590	27	17	aspects	aspect	NOUN
fbem-14590	27	18	:	:	PUNCT
fbem-14590	27	19	credit	credit	NOUN
fbem-14590	27	20	supply	supply	NOUN
fbem-14590	27	21	and	and	CCONJ
fbem-14590	27	22	demand	demand	NOUN
fbem-14590	27	23	:	:	PUNCT
fbem-14590	27	24	the	the	DET
fbem-14590	27	25	increase	increase	NOUN
fbem-14590	27	26	of	of	ADP
fbem-14590	27	27	leverage	leverage	NOUN
fbem-14590	27	28	ratio	ratio	NOUN
fbem-14590	27	29	is	be	AUX
fbem-14590	27	30	usually	usually	ADV
fbem-14590	27	31	accompanied	accompany	VERB
fbem-14590	27	32	by	by	ADP
fbem-14590	27	33	more	more	ADJ
fbem-14590	27	34	credit	credit	NOUN
fbem-14590	27	35	supply	supply	NOUN
fbem-14590	27	36	,	,	PUNCT
fbem-14590	27	37	which	which	PRON
fbem-14590	27	38	can	can	AUX
fbem-14590	27	39	stimulate	stimulate	VERB
fbem-14590	27	40	investment	investment	NOUN
fbem-14590	27	41	and	and	CCONJ
fbem-14590	27	42	consumption	consumption	NOUN
fbem-14590	27	43	and	and	CCONJ
fbem-14590	27	44	promote	promote	VERB
fbem-14590	27	45	economic	economic	ADJ
fbem-14590	27	46	growth	growth	NOUN
fbem-14590	27	47	.	.	PUNCT
fbem-14590	28	1	however	however	ADV
fbem-14590	28	2	,	,	PUNCT
fbem-14590	28	3	if	if	SCONJ
fbem-14590	28	4	the	the	DET
fbem-14590	28	5	leverage	leverage	NOUN
fbem-14590	28	6	ratio	ratio	NOUN
fbem-14590	28	7	rises	rise	VERB
fbem-14590	28	8	too	too	ADV
fbem-14590	28	9	fast	fast	ADJ
fbem-14590	28	10	or	or	CCONJ
fbem-14590	28	11	too	too	ADV
fbem-14590	28	12	high	high	ADJ
fbem-14590	28	13	,	,	PUNCT
fbem-14590	28	14	it	it	PRON
fbem-14590	28	15	may	may	AUX
fbem-14590	28	16	lead	lead	VERB
fbem-14590	28	17	to	to	ADP
fbem-14590	28	18	financial	financial	ADJ
fbem-14590	28	19	instability	instability	NOUN
fbem-14590	28	20	,	,	PUNCT
fbem-14590	28	21	thus	thus	ADV
fbem-14590	28	22	inhibiting	inhibit	VERB
fbem-14590	28	23	economic	economic	ADJ
fbem-14590	28	24	growth	growth	NOUN
fbem-14590	28	25	[	[	X
fbem-14590	28	26	6	6	NUM
fbem-14590	28	27	]	]	PUNCT
fbem-14590	28	28	.	.	PUNCT
fbem-14590	29	1	risk	risk	NOUN
fbem-14590	29	2	transmission	transmission	NOUN
fbem-14590	29	3	:	:	PUNCT
fbem-14590	29	4	high	high	ADJ
fbem-14590	29	5	leverage	leverage	NOUN
fbem-14590	29	6	ratio	ratio	NOUN
fbem-14590	29	7	may	may	AUX
fbem-14590	29	8	make	make	VERB
fbem-14590	29	9	the	the	DET
fbem-14590	29	10	financial	financial	ADJ
fbem-14590	29	11	market	market	NOUN
fbem-14590	29	12	more	more	ADV
fbem-14590	29	13	fragile	fragile	ADJ
fbem-14590	29	14	.	.	PUNCT
fbem-14590	30	1	when	when	SCONJ
fbem-14590	30	2	the	the	DET
fbem-14590	30	3	market	market	NOUN
fbem-14590	30	4	encounters	encounter	VERB
fbem-14590	30	5	shocks	shock	NOUN
fbem-14590	30	6	,	,	PUNCT
fbem-14590	30	7	risks	risk	NOUN
fbem-14590	30	8	may	may	AUX
fbem-14590	30	9	be	be	AUX
fbem-14590	30	10	more	more	ADV
fbem-14590	30	11	easily	easily	ADV
fbem-14590	30	12	transmitted	transmit	VERB
fbem-14590	30	13	to	to	ADP
fbem-14590	30	14	the	the	DET
fbem-14590	30	15	whole	whole	ADJ
fbem-14590	30	16	economic	economic	ADJ
fbem-14590	30	17	system	system	NOUN
fbem-14590	30	18	,	,	PUNCT
fbem-14590	30	19	leading	lead	VERB
fbem-14590	30	20	to	to	ADP
fbem-14590	30	21	a	a	DET
fbem-14590	30	22	financial	financial	ADJ
fbem-14590	30	23	crisis	crisis	NOUN
fbem-14590	30	24	and	and	CCONJ
fbem-14590	30	25	having	have	VERB
fbem-14590	30	26	a	a	DET
fbem-14590	30	27	negative	negative	ADJ
fbem-14590	30	28	impact	impact	NOUN
fbem-14590	30	29	on	on	ADP
fbem-14590	30	30	the	the	DET
fbem-14590	30	31	real	real	ADJ
fbem-14590	30	32	economy	economy	NOUN
fbem-14590	30	33	.	.	PUNCT
fbem-14590	31	1	cost	cost	NOUN
fbem-14590	31	2	of	of	ADP
fbem-14590	31	3	capital	capital	NOUN
fbem-14590	31	4	:	:	PUNCT
fbem-14590	31	5	high	high	ADJ
fbem-14590	31	6	leverage	leverage	NOUN
fbem-14590	31	7	ratio	ratio	NOUN
fbem-14590	31	8	may	may	AUX
fbem-14590	31	9	lead	lead	VERB
fbem-14590	31	10	to	to	ADP
fbem-14590	31	11	higher	high	ADJ
fbem-14590	31	12	borrowing	borrowing	NOUN
fbem-14590	31	13	costs	cost	NOUN
fbem-14590	31	14	,	,	PUNCT
fbem-14590	31	15	which	which	PRON
fbem-14590	31	16	may	may	AUX
fbem-14590	31	17	inhibit	inhibit	VERB
fbem-14590	31	18	the	the	DET
fbem-14590	31	19	investment	investment	NOUN
fbem-14590	31	20	of	of	ADP
fbem-14590	31	21	enterprises	enterprise	NOUN
fbem-14590	31	22	and	and	CCONJ
fbem-14590	31	23	individuals	individual	NOUN
fbem-14590	31	24	,	,	PUNCT
fbem-14590	31	25	thus	thus	ADV
fbem-14590	31	26	slowing	slow	VERB
fbem-14590	31	27	down	down	ADP
fbem-14590	31	28	economic	economic	ADJ
fbem-14590	31	29	growth	growth	NOUN
fbem-14590	31	30	.	.	PUNCT
fbem-14590	32	1	confidence	confidence	NOUN
fbem-14590	32	2	and	and	CCONJ
fbem-14590	32	3	expectation	expectation	NOUN
fbem-14590	32	4	:	:	PUNCT
fbem-14590	32	5	the	the	DET
fbem-14590	32	6	change	change	NOUN
fbem-14590	32	7	of	of	ADP
fbem-14590	32	8	leverage	leverage	NOUN
fbem-14590	32	9	ratio	ratio	NOUN
fbem-14590	32	10	may	may	AUX
fbem-14590	32	11	affect	affect	VERB
fbem-14590	32	12	the	the	DET
fbem-14590	32	13	confidence	confidence	NOUN
fbem-14590	32	14	and	and	CCONJ
fbem-14590	32	15	expectation	expectation	NOUN
fbem-14590	32	16	of	of	ADP
fbem-14590	32	17	market	market	NOUN
fbem-14590	32	18	33	33	NUM
fbem-14590	32	19	participants	participant	NOUN
fbem-14590	32	20	,	,	PUNCT
fbem-14590	32	21	which	which	PRON
fbem-14590	32	22	can	can	AUX
fbem-14590	32	23	affect	affect	VERB
fbem-14590	32	24	investment	investment	NOUN
fbem-14590	32	25	and	and	CCONJ
fbem-14590	32	26	consumption	consumption	NOUN
fbem-14590	32	27	decisions	decision	NOUN
fbem-14590	32	28	and	and	CCONJ
fbem-14590	32	29	further	far	ADV
fbem-14590	32	30	affect	affect	VERB
fbem-14590	32	31	economic	economic	ADJ
fbem-14590	32	32	growth	growth	NOUN
fbem-14590	32	33	[	[	X
fbem-14590	32	34	7	7	NUM
fbem-14590	32	35	]	]	PUNCT
fbem-14590	32	36	.	.	PUNCT
fbem-14590	33	1	the	the	DET
fbem-14590	33	2	influence	influence	NOUN
fbem-14590	33	3	of	of	ADP
fbem-14590	33	4	leverage	leverage	NOUN
fbem-14590	33	5	ratio	ratio	NOUN
fbem-14590	33	6	is	be	AUX
fbem-14590	33	7	complicated	complicated	ADJ
fbem-14590	33	8	because	because	SCONJ
fbem-14590	33	9	it	it	PRON
fbem-14590	33	10	is	be	AUX
fbem-14590	33	11	intertwined	intertwine	VERB
fbem-14590	33	12	with	with	ADP
fbem-14590	33	13	other	other	ADJ
fbem-14590	33	14	factors	factor	NOUN
fbem-14590	33	15	such	such	ADJ
fbem-14590	33	16	as	as	ADP
fbem-14590	33	17	monetary	monetary	ADJ
fbem-14590	33	18	policy	policy	NOUN
fbem-14590	33	19	,	,	PUNCT
fbem-14590	33	20	credit	credit	NOUN
fbem-14590	33	21	market	market	NOUN
fbem-14590	33	22	,	,	PUNCT
fbem-14590	33	23	market	market	NOUN
fbem-14590	33	24	sentiment	sentiment	NOUN
fbem-14590	33	25	and	and	CCONJ
fbem-14590	33	26	government	government	NOUN
fbem-14590	33	27	policies	policy	NOUN
fbem-14590	33	28	.	.	PUNCT
fbem-14590	34	1	this	this	PRON
fbem-14590	34	2	makes	make	VERB
fbem-14590	34	3	it	it	PRON
fbem-14590	34	4	difficult	difficult	ADJ
fbem-14590	34	5	to	to	PART
fbem-14590	34	6	determine	determine	VERB
fbem-14590	34	7	the	the	DET
fbem-14590	34	8	impact	impact	NOUN
fbem-14590	34	9	of	of	ADP
fbem-14590	34	10	leverage	leverage	NOUN
fbem-14590	34	11	ratio	ratio	NOUN
fbem-14590	34	12	on	on	ADP
fbem-14590	34	13	economic	economic	ADJ
fbem-14590	34	14	growth	growth	NOUN
fbem-14590	34	15	in	in	ADP
fbem-14590	34	16	the	the	DET
fbem-14590	34	17	real	real	ADJ
fbem-14590	34	18	economy	economy	NOUN
fbem-14590	34	19	,	,	PUNCT
fbem-14590	34	20	because	because	SCONJ
fbem-14590	34	21	it	it	PRON
fbem-14590	34	22	may	may	AUX
fbem-14590	34	23	vary	vary	VERB
fbem-14590	34	24	in	in	ADP
fbem-14590	34	25	different	different	ADJ
fbem-14590	34	26	situations	situation	NOUN
fbem-14590	34	27	and	and	CCONJ
fbem-14590	34	28	periods	period	NOUN
fbem-14590	34	29	.	.	PUNCT
fbem-14590	35	1	the	the	DET
fbem-14590	35	2	change	change	NOUN
fbem-14590	35	3	of	of	ADP
fbem-14590	35	4	leverage	leverage	NOUN
fbem-14590	35	5	ratio	ratio	NOUN
fbem-14590	35	6	has	have	VERB
fbem-14590	35	7	an	an	DET
fbem-14590	35	8	important	important	ADJ
fbem-14590	35	9	impact	impact	NOUN
fbem-14590	35	10	on	on	ADP
fbem-14590	35	11	economic	economic	ADJ
fbem-14590	35	12	growth	growth	NOUN
fbem-14590	35	13	,	,	PUNCT
fbem-14590	35	14	but	but	CCONJ
fbem-14590	35	15	this	this	DET
fbem-14590	35	16	impact	impact	NOUN
fbem-14590	35	17	is	be	AUX
fbem-14590	35	18	complex	complex	ADJ
fbem-14590	35	19	and	and	CCONJ
fbem-14590	35	20	diverse	diverse	ADJ
fbem-14590	35	21	,	,	PUNCT
fbem-14590	35	22	and	and	CCONJ
fbem-14590	35	23	many	many	ADJ
fbem-14590	35	24	factors	factor	NOUN
fbem-14590	35	25	and	and	CCONJ
fbem-14590	35	26	mechanisms	mechanism	NOUN
fbem-14590	35	27	need	need	VERB
fbem-14590	35	28	to	to	PART
fbem-14590	35	29	be	be	AUX
fbem-14590	35	30	considered	consider	VERB
fbem-14590	35	31	.	.	PUNCT
fbem-14590	36	1	therefore	therefore	ADV
fbem-14590	36	2	,	,	PUNCT
fbem-14590	36	3	policy	policy	NOUN
fbem-14590	36	4	makers	maker	NOUN
fbem-14590	36	5	and	and	CCONJ
fbem-14590	36	6	economists	economist	NOUN
fbem-14590	36	7	usually	usually	ADV
fbem-14590	36	8	need	need	VERB
fbem-14590	36	9	to	to	PART
fbem-14590	36	10	carefully	carefully	ADV
fbem-14590	36	11	analyze	analyze	VERB
fbem-14590	36	12	the	the	DET
fbem-14590	36	13	consequences	consequence	NOUN
fbem-14590	36	14	of	of	ADP
fbem-14590	36	15	changes	change	NOUN
fbem-14590	36	16	in	in	ADP
fbem-14590	36	17	leverage	leverage	NOUN
fbem-14590	36	18	ratio	ratio	NOUN
fbem-14590	36	19	and	and	CCONJ
fbem-14590	36	20	take	take	VERB
fbem-14590	36	21	measures	measure	NOUN
fbem-14590	36	22	to	to	PART
fbem-14590	36	23	maintain	maintain	VERB
fbem-14590	36	24	financial	financial	ADJ
fbem-14590	36	25	stability	stability	NOUN
fbem-14590	36	26	and	and	CCONJ
fbem-14590	36	27	sustainable	sustainable	ADJ
fbem-14590	36	28	economic	economic	ADJ
fbem-14590	36	29	growth	growth	NOUN
fbem-14590	36	30	.	.	PUNCT
fbem-14590	37	1	through	through	ADP
fbem-14590	37	2	empirical	empirical	ADJ
fbem-14590	37	3	research	research	NOUN
fbem-14590	37	4	,	,	PUNCT
fbem-14590	37	5	we	we	PRON
fbem-14590	37	6	can	can	AUX
fbem-14590	37	7	better	well	ADV
fbem-14590	37	8	understand	understand	VERB
fbem-14590	37	9	how	how	SCONJ
fbem-14590	37	10	the	the	DET
fbem-14590	37	11	change	change	NOUN
fbem-14590	37	12	of	of	ADP
fbem-14590	37	13	leverage	leverage	NOUN
fbem-14590	37	14	ratio	ratio	NOUN
fbem-14590	37	15	in	in	ADP
fbem-14590	37	16	different	different	ADJ
fbem-14590	37	17	countries	country	NOUN
fbem-14590	37	18	and	and	CCONJ
fbem-14590	37	19	regions	region	NOUN
fbem-14590	37	20	affects	affect	VERB
fbem-14590	37	21	economic	economic	ADJ
fbem-14590	37	22	growth	growth	NOUN
fbem-14590	37	23	.	.	PUNCT
fbem-14590	38	1	this	this	PRON
fbem-14590	38	2	can	can	AUX
fbem-14590	38	3	help	help	VERB
fbem-14590	38	4	us	we	PRON
fbem-14590	38	5	identify	identify	VERB
fbem-14590	38	6	the	the	DET
fbem-14590	38	7	most	most	ADV
fbem-14590	38	8	significant	significant	ADJ
fbem-14590	38	9	mechanism	mechanism	NOUN
fbem-14590	38	10	and	and	CCONJ
fbem-14590	38	11	the	the	DET
fbem-14590	38	12	changes	change	NOUN
fbem-14590	38	13	in	in	ADP
fbem-14590	38	14	different	different	ADJ
fbem-14590	38	15	environments	environment	NOUN
fbem-14590	38	16	.	.	PUNCT
fbem-14590	39	1	3	3	X
fbem-14590	39	2	.	.	X
fbem-14590	39	3	an	an	DET
fbem-14590	39	4	empirical	empirical	ADJ
fbem-14590	39	5	analysis	analysis	NOUN
fbem-14590	39	6	of	of	ADP
fbem-14590	39	7	the	the	DET
fbem-14590	39	8	relationship	relationship	NOUN
fbem-14590	39	9	between	between	ADP
fbem-14590	39	10	the	the	DET
fbem-14590	39	11	change	change	NOUN
fbem-14590	39	12	of	of	ADP
fbem-14590	39	13	leverage	leverage	NOUN
fbem-14590	39	14	ratio	ratio	NOUN
fbem-14590	39	15	and	and	CCONJ
fbem-14590	39	16	economic	economic	ADJ
fbem-14590	39	17	growth	growth	NOUN
fbem-14590	39	18	rate	rate	NOUN
fbem-14590	39	19	3.1	3.1	NUM
fbem-14590	39	20	.	.	PUNCT
fbem-14590	39	21	data	datum	NOUN
fbem-14590	39	22	collection	collection	NOUN
fbem-14590	39	23	before	before	ADP
fbem-14590	39	24	empirical	empirical	ADJ
fbem-14590	39	25	analysis	analysis	NOUN
fbem-14590	39	26	,	,	PUNCT
fbem-14590	39	27	the	the	DET
fbem-14590	39	28	accuracy	accuracy	NOUN
fbem-14590	39	29	and	and	CCONJ
fbem-14590	39	30	quality	quality	NOUN
fbem-14590	39	31	of	of	ADP
fbem-14590	39	32	data	datum	NOUN
fbem-14590	39	33	are	be	AUX
fbem-14590	39	34	very	very	ADV
fbem-14590	39	35	important	important	ADJ
fbem-14590	39	36	.	.	PUNCT
fbem-14590	40	1	reasonable	reasonable	ADJ
fbem-14590	40	2	data	datum	NOUN
fbem-14590	40	3	collection	collection	NOUN
fbem-14590	40	4	and	and	CCONJ
fbem-14590	40	5	processing	processing	NOUN
fbem-14590	40	6	process	process	NOUN
fbem-14590	40	7	can	can	AUX
fbem-14590	40	8	ensure	ensure	VERB
fbem-14590	40	9	the	the	DET
fbem-14590	40	10	credibility	credibility	NOUN
fbem-14590	40	11	and	and	CCONJ
fbem-14590	40	12	accuracy	accuracy	NOUN
fbem-14590	40	13	of	of	ADP
fbem-14590	40	14	the	the	DET
fbem-14590	40	15	analysis	analysis	NOUN
fbem-14590	40	16	,	,	PUNCT
fbem-14590	40	17	and	and	CCONJ
fbem-14590	40	18	thus	thus	ADV
fbem-14590	40	19	draw	draw	VERB
fbem-14590	40	20	a	a	DET
fbem-14590	40	21	reliable	reliable	ADJ
fbem-14590	40	22	conclusion	conclusion	NOUN
fbem-14590	40	23	about	about	ADP
fbem-14590	40	24	the	the	DET
fbem-14590	40	25	relationship	relationship	NOUN
fbem-14590	40	26	between	between	ADP
fbem-14590	40	27	the	the	DET
fbem-14590	40	28	change	change	NOUN
fbem-14590	40	29	of	of	ADP
fbem-14590	40	30	leverage	leverage	NOUN
fbem-14590	40	31	ratio	ratio	NOUN
fbem-14590	40	32	and	and	CCONJ
fbem-14590	40	33	economic	economic	ADJ
fbem-14590	40	34	growth	growth	NOUN
fbem-14590	40	35	.	.	PUNCT
fbem-14590	41	1	economic	economic	ADJ
fbem-14590	41	2	growth	growth	NOUN
fbem-14590	41	3	data	datum	NOUN
fbem-14590	41	4	this	this	PRON
fbem-14590	41	5	includes	include	VERB
fbem-14590	41	6	the	the	DET
fbem-14590	41	7	annual	annual	ADJ
fbem-14590	41	8	gdp	gdp	NOUN
fbem-14590	41	9	growth	growth	NOUN
fbem-14590	41	10	rate	rate	NOUN
fbem-14590	41	11	,	,	PUNCT
fbem-14590	41	12	actual	actual	ADJ
fbem-14590	41	13	economic	economic	ADJ
fbem-14590	41	14	growth	growth	NOUN
fbem-14590	41	15	rate	rate	NOUN
fbem-14590	41	16	data	datum	NOUN
fbem-14590	41	17	and	and	CCONJ
fbem-14590	41	18	other	other	ADJ
fbem-14590	41	19	macroeconomic	macroeconomic	ADJ
fbem-14590	41	20	indicators	indicator	NOUN
fbem-14590	41	21	of	of	ADP
fbem-14590	41	22	a	a	DET
fbem-14590	41	23	country	country	NOUN
fbem-14590	41	24	or	or	CCONJ
fbem-14590	41	25	region	region	NOUN
fbem-14590	41	26	,	,	PUNCT
fbem-14590	41	27	such	such	ADJ
fbem-14590	41	28	as	as	ADP
fbem-14590	41	29	inflation	inflation	NOUN
fbem-14590	41	30	rate	rate	NOUN
fbem-14590	41	31	and	and	CCONJ
fbem-14590	41	32	unemployment	unemployment	NOUN
fbem-14590	41	33	rate	rate	NOUN
fbem-14590	42	1	[	[	X
fbem-14590	42	2	8	8	NUM
fbem-14590	42	3	-	-	SYM
fbem-14590	42	4	9	9	NUM
fbem-14590	42	5	]	]	PUNCT
fbem-14590	42	6	.	.	PUNCT
fbem-14590	43	1	leverage	leverage	NOUN
fbem-14590	43	2	ratio	ratio	NOUN
fbem-14590	43	3	data	datum	NOUN
fbem-14590	43	4	this	this	PRON
fbem-14590	43	5	includes	include	VERB
fbem-14590	43	6	the	the	DET
fbem-14590	43	7	leverage	leverage	NOUN
fbem-14590	43	8	ratio	ratio	NOUN
fbem-14590	43	9	data	datum	NOUN
fbem-14590	43	10	of	of	ADP
fbem-14590	43	11	financial	financial	ADJ
fbem-14590	43	12	institutions	institution	NOUN
fbem-14590	43	13	,	,	PUNCT
fbem-14590	43	14	enterprises	enterprise	NOUN
fbem-14590	43	15	and	and	CCONJ
fbem-14590	43	16	individuals	individual	NOUN
fbem-14590	43	17	,	,	PUNCT
fbem-14590	43	18	usually	usually	ADV
fbem-14590	43	19	expressed	express	VERB
fbem-14590	43	20	as	as	ADP
fbem-14590	43	21	the	the	DET
fbem-14590	43	22	ratio	ratio	NOUN
fbem-14590	43	23	of	of	ADP
fbem-14590	43	24	debt	debt	NOUN
fbem-14590	43	25	to	to	ADP
fbem-14590	43	26	capital	capital	NOUN
fbem-14590	43	27	.	.	PUNCT
fbem-14590	44	1	different	different	ADJ
fbem-14590	44	2	sources	source	NOUN
fbem-14590	44	3	may	may	AUX
fbem-14590	44	4	provide	provide	VERB
fbem-14590	44	5	different	different	ADJ
fbem-14590	44	6	types	type	NOUN
fbem-14590	44	7	of	of	ADP
fbem-14590	44	8	leverage	leverage	NOUN
fbem-14590	44	9	data	datum	NOUN
fbem-14590	44	10	,	,	PUNCT
fbem-14590	44	11	including	include	VERB
fbem-14590	44	12	the	the	DET
fbem-14590	44	13	overall	overall	ADJ
fbem-14590	44	14	level	level	NOUN
fbem-14590	44	15	,	,	PUNCT
fbem-14590	44	16	industry	industry	NOUN
fbem-14590	44	17	level	level	NOUN
fbem-14590	44	18	or	or	CCONJ
fbem-14590	44	19	individual	individual	ADJ
fbem-14590	44	20	level	level	NOUN
fbem-14590	44	21	of	of	ADP
fbem-14590	44	22	leverage	leverage	NOUN
fbem-14590	44	23	.	.	PUNCT
fbem-14590	45	1	in	in	ADP
fbem-14590	45	2	this	this	DET
fbem-14590	45	3	paper	paper	NOUN
fbem-14590	45	4	,	,	PUNCT
fbem-14590	45	5	the	the	DET
fbem-14590	45	6	leverage	leverage	NOUN
fbem-14590	45	7	ratio	ratio	NOUN
fbem-14590	45	8	of	of	ADP
fbem-14590	45	9	the	the	DET
fbem-14590	45	10	financial	financial	ADJ
fbem-14590	45	11	sector	sector	NOUN
fbem-14590	45	12	is	be	AUX
fbem-14590	45	13	used	use	VERB
fbem-14590	45	14	,	,	PUNCT
fbem-14590	45	15	and	and	CCONJ
fbem-14590	45	16	the	the	DET
fbem-14590	45	17	economic	economic	ADJ
fbem-14590	45	18	growth	growth	NOUN
fbem-14590	45	19	rate	rate	NOUN
fbem-14590	45	20	is	be	AUX
fbem-14590	45	21	expressed	express	VERB
fbem-14590	45	22	by	by	ADP
fbem-14590	45	23	the	the	DET
fbem-14590	45	24	growth	growth	NOUN
fbem-14590	45	25	of	of	ADP
fbem-14590	45	26	gdp	gdp	NOUN
fbem-14590	45	27	.	.	PUNCT
fbem-14590	46	1	the	the	DET
fbem-14590	46	2	range	range	NOUN
fbem-14590	46	3	of	of	ADP
fbem-14590	46	4	the	the	DET
fbem-14590	46	5	two	two	NUM
fbem-14590	46	6	variables	variable	NOUN
fbem-14590	46	7	is	be	AUX
fbem-14590	46	8	from	from	ADP
fbem-14590	46	9	2005	2005	NUM
fbem-14590	46	10	to	to	ADP
fbem-14590	46	11	2015	2015	NUM
fbem-14590	46	12	(	(	PUNCT
fbem-14590	46	13	data	datum	NOUN
fbem-14590	46	14	comes	come	VERB
fbem-14590	46	15	from	from	ADP
fbem-14590	46	16	china	china	PROPN
fbem-14590	46	17	statistical	statistical	ADJ
fbem-14590	46	18	yearbook	yearbook	NOUN
fbem-14590	46	19	)	)	PUNCT
fbem-14590	46	20	.	.	PUNCT
fbem-14590	47	1	3.2	3.2	NUM
fbem-14590	47	2	.	.	PUNCT
fbem-14590	48	1	pearson	pearson	PROPN
fbem-14590	48	2	correlation	correlation	NOUN
fbem-14590	48	3	analysis	analysis	NOUN
fbem-14590	48	4	of	of	ADP
fbem-14590	48	5	leverage	leverage	NOUN
fbem-14590	48	6	ratio	ratio	NOUN
fbem-14590	48	7	and	and	CCONJ
fbem-14590	48	8	economic	economic	ADJ
fbem-14590	48	9	growth	growth	NOUN
fbem-14590	48	10	rate	rate	NOUN
fbem-14590	48	11	pearson	pearson	PROPN
fbem-14590	48	12	correlation	correlation	NOUN
fbem-14590	48	13	analysis	analysis	NOUN
fbem-14590	48	14	between	between	ADP
fbem-14590	48	15	leverage	leverage	NOUN
fbem-14590	48	16	ratio	ratio	NOUN
fbem-14590	48	17	and	and	CCONJ
fbem-14590	48	18	economic	economic	ADJ
fbem-14590	48	19	growth	growth	NOUN
fbem-14590	48	20	rate	rate	NOUN
fbem-14590	48	21	is	be	AUX
fbem-14590	48	22	a	a	DET
fbem-14590	48	23	common	common	ADJ
fbem-14590	48	24	statistical	statistical	ADJ
fbem-14590	48	25	method	method	NOUN
fbem-14590	48	26	to	to	PART
fbem-14590	48	27	detect	detect	VERB
fbem-14590	48	28	the	the	DET
fbem-14590	48	29	linear	linear	ADJ
fbem-14590	48	30	relationship	relationship	NOUN
fbem-14590	48	31	between	between	ADP
fbem-14590	48	32	these	these	DET
fbem-14590	48	33	two	two	NUM
fbem-14590	48	34	variables	variable	NOUN
fbem-14590	48	35	.	.	PUNCT
fbem-14590	49	1	before	before	ADP
fbem-14590	49	2	analysis	analysis	NOUN
fbem-14590	49	3	,	,	PUNCT
fbem-14590	49	4	the	the	DET
fbem-14590	49	5	data	datum	NOUN
fbem-14590	49	6	has	have	AUX
fbem-14590	49	7	been	be	AUX
fbem-14590	49	8	cleaned	clean	VERB
fbem-14590	49	9	,	,	PUNCT
fbem-14590	49	10	smoothed	smooth	VERB
fbem-14590	49	11	,	,	PUNCT
fbem-14590	49	12	outliers	outlier	NOUN
fbem-14590	49	13	removed	remove	VERB
fbem-14590	49	14	and	and	CCONJ
fbem-14590	49	15	standardized	standardize	VERB
fbem-14590	49	16	.	.	PUNCT
fbem-14590	50	1	this	this	PRON
fbem-14590	50	2	helps	help	VERB
fbem-14590	50	3	to	to	PART
fbem-14590	50	4	ensure	ensure	VERB
fbem-14590	50	5	the	the	DET
fbem-14590	50	6	quality	quality	NOUN
fbem-14590	50	7	and	and	CCONJ
fbem-14590	50	8	accuracy	accuracy	NOUN
fbem-14590	50	9	of	of	ADP
fbem-14590	50	10	the	the	DET
fbem-14590	50	11	data	datum	NOUN
fbem-14590	50	12	.	.	PUNCT
fbem-14590	51	1	pearson	pearson	PROPN
fbem-14590	51	2	correlation	correlation	PROPN
fbem-14590	51	3	coefficient	coefficient	NOUN
fbem-14590	51	4	is	be	AUX
fbem-14590	51	5	used	use	VERB
fbem-14590	51	6	to	to	PART
fbem-14590	51	7	measure	measure	VERB
fbem-14590	51	8	the	the	DET
fbem-14590	51	9	linear	linear	ADJ
fbem-14590	51	10	relationship	relationship	NOUN
fbem-14590	51	11	between	between	ADP
fbem-14590	51	12	two	two	NUM
fbem-14590	51	13	continuous	continuous	ADJ
fbem-14590	51	14	variables	variable	NOUN
fbem-14590	51	15	.	.	PUNCT
fbem-14590	52	1	its	its	PRON
fbem-14590	52	2	calculation	calculation	NOUN
fbem-14590	52	3	formula	formula	NOUN
fbem-14590	52	4	is	be	AUX
fbem-14590	52	5	as	as	SCONJ
fbem-14590	52	6	follows	follow	VERB
fbem-14590	52	7	:	:	PUNCT
fbem-14590	52	8			PROPN
fbem-14590	52	9			NOUN
fbem-14590	53	1			PROPN
fbem-14590	53	2			NOUN
fbem-14590	53	3			SYM
fbem-14590	53	4			NOUN
fbem-14590	53	5			PROPN
fbem-14590	53	6			X
fbem-14590	53	7			X
fbem-14590	53	8			PUNCT
fbem-14590	53	9			SYM
fbem-14590	53	10			NUM
fbem-14590	53	11	22	22	NUM
fbem-14590	53	12	yyxx	yyxx	NOUN
fbem-14590	53	13	yyxx	yyxx	PROPN
fbem-14590	53	14	r	r	PROPN
fbem-14590	53	15	ii	ii	PROPN
fbem-14590	53	16	ii	ii	PROPN
fbem-14590	53	17	(	(	PUNCT
fbem-14590	53	18	1	1	NUM
fbem-14590	53	19	)	)	PUNCT
fbem-14590	53	20	among	among	ADP
fbem-14590	53	21	them	they	PRON
fbem-14590	53	22	,	,	PUNCT
fbem-14590	53	23	ii	ii	PROPN
fbem-14590	53	24	yx	yx	PROPN
fbem-14590	53	25	,	,	PUNCT
fbem-14590	53	26	represents	represent	VERB
fbem-14590	53	27	the	the	DET
fbem-14590	53	28	data	datum	NOUN
fbem-14590	53	29	of	of	ADP
fbem-14590	53	30	leverage	leverage	NOUN
fbem-14590	53	31	ratio	ratio	NOUN
fbem-14590	53	32	and	and	CCONJ
fbem-14590	53	33	economic	economic	ADJ
fbem-14590	53	34	growth	growth	NOUN
fbem-14590	53	35	rate	rate	NOUN
fbem-14590	53	36	of	of	ADP
fbem-14590	53	37	each	each	DET
fbem-14590	53	38	observed	observe	VERB
fbem-14590	53	39	value	value	NOUN
fbem-14590	53	40	,	,	PUNCT
fbem-14590	53	41	and	and	CCONJ
fbem-14590	53	42	yx	yx	NOUN
fbem-14590	53	43	,	,	PUNCT
fbem-14590	53	44	represents	represent	VERB
fbem-14590	53	45	the	the	DET
fbem-14590	53	46	average	average	ADJ
fbem-14590	53	47	value	value	NOUN
fbem-14590	53	48	of	of	ADP
fbem-14590	53	49	leverage	leverage	NOUN
fbem-14590	53	50	ratio	ratio	NOUN
fbem-14590	53	51	and	and	CCONJ
fbem-14590	53	52	economic	economic	ADJ
fbem-14590	53	53	growth	growth	NOUN
fbem-14590	53	54	rate	rate	NOUN
fbem-14590	53	55	.	.	PUNCT
fbem-14590	54	1	in	in	ADP
fbem-14590	54	2	order	order	NOUN
fbem-14590	54	3	to	to	PART
fbem-14590	54	4	determine	determine	VERB
fbem-14590	54	5	whether	whether	SCONJ
fbem-14590	54	6	pearson	pearson	NOUN
fbem-14590	54	7	correlation	correlation	NOUN
fbem-14590	54	8	coefficient	coefficient	NOUN
fbem-14590	54	9	is	be	AUX
fbem-14590	54	10	significant	significant	ADJ
fbem-14590	54	11	,	,	PUNCT
fbem-14590	54	12	significance	significance	NOUN
fbem-14590	54	13	test	test	NOUN
fbem-14590	54	14	is	be	AUX
fbem-14590	54	15	usually	usually	ADV
fbem-14590	54	16	carried	carry	VERB
fbem-14590	54	17	out	out	ADP
fbem-14590	54	18	.	.	PUNCT
fbem-14590	55	1	ttest	tt	ADJ
fbem-14590	55	2	can	can	AUX
fbem-14590	55	3	be	be	AUX
fbem-14590	55	4	used	use	VERB
fbem-14590	55	5	to	to	PART
fbem-14590	55	6	test	test	VERB
fbem-14590	55	7	whether	whether	SCONJ
fbem-14590	55	8	the	the	DET
fbem-14590	55	9	correlation	correlation	NOUN
fbem-14590	55	10	coefficient	coefficient	NOUN
fbem-14590	55	11	is	be	AUX
fbem-14590	55	12	significantly	significantly	ADV
fbem-14590	55	13	different	different	ADJ
fbem-14590	55	14	from	from	ADP
fbem-14590	55	15	the	the	DET
fbem-14590	55	16	null	null	ADJ
fbem-14590	55	17	hypothesis	hypothesis	NOUN
fbem-14590	55	18	(	(	PUNCT
fbem-14590	55	19	no	no	DET
fbem-14590	55	20	correlation	correlation	NOUN
fbem-14590	55	21	)	)	PUNCT
fbem-14590	55	22	.	.	PUNCT
fbem-14590	56	1	the	the	DET
fbem-14590	56	2	statistics	statistic	NOUN
fbem-14590	56	3	of	of	ADP
fbem-14590	56	4	inspection	inspection	NOUN
fbem-14590	56	5	are	be	AUX
fbem-14590	56	6	as	as	SCONJ
fbem-14590	56	7	follows	follow	VERB
fbem-14590	56	8	:	:	PUNCT
fbem-14590	56	9	21	21	NUM
fbem-14590	56	10	2	2	NUM
fbem-14590	56	11	r	r	NOUN
fbem-14590	56	12	n	n	NOUN
fbem-14590	56	13	t	t	NOUN
fbem-14590	56	14	r	r	NOUN
fbem-14590	56	15			PROPN
fbem-14590	56	16			PROPN
fbem-14590	56	17			PRON
fbem-14590	56	18	(	(	PUNCT
fbem-14590	56	19	2	2	NUM
fbem-14590	56	20	)	)	PUNCT
fbem-14590	56	21	where	where	SCONJ
fbem-14590	56	22	r	r	NOUN
fbem-14590	56	23	is	be	AUX
fbem-14590	56	24	pearson	pearson	NOUN
fbem-14590	56	25	correlation	correlation	NOUN
fbem-14590	56	26	coefficient	coefficient	NOUN
fbem-14590	56	27	and	and	CCONJ
fbem-14590	56	28	n	n	NOUN
fbem-14590	56	29	is	be	AUX
fbem-14590	56	30	the	the	DET
fbem-14590	56	31	number	number	NOUN
fbem-14590	56	32	of	of	ADP
fbem-14590	56	33	observed	observed	ADJ
fbem-14590	56	34	values	value	NOUN
fbem-14590	56	35	.	.	PUNCT
fbem-14590	57	1	by	by	ADP
fbem-14590	57	2	comparing	compare	VERB
fbem-14590	57	3	the	the	DET
fbem-14590	57	4	calculated	calculate	VERB
fbem-14590	57	5	t	t	NOUN
fbem-14590	57	6	value	value	NOUN
fbem-14590	57	7	with	with	ADP
fbem-14590	57	8	the	the	DET
fbem-14590	57	9	critical	critical	ADJ
fbem-14590	57	10	t	t	NOUN
fbem-14590	57	11	value	value	NOUN
fbem-14590	57	12	,	,	PUNCT
fbem-14590	57	13	it	it	PRON
fbem-14590	57	14	can	can	AUX
fbem-14590	57	15	be	be	AUX
fbem-14590	57	16	determined	determine	VERB
fbem-14590	57	17	whether	whether	SCONJ
fbem-14590	57	18	the	the	DET
fbem-14590	57	19	correlation	correlation	NOUN
fbem-14590	57	20	is	be	AUX
fbem-14590	57	21	significant	significant	ADJ
fbem-14590	57	22	.	.	PUNCT
fbem-14590	58	1	usually	usually	ADV
fbem-14590	58	2	,	,	PUNCT
fbem-14590	58	3	statistical	statistical	ADJ
fbem-14590	58	4	software	software	NOUN
fbem-14590	58	5	or	or	CCONJ
fbem-14590	58	6	tables	table	NOUN
fbem-14590	58	7	are	be	AUX
fbem-14590	58	8	used	use	VERB
fbem-14590	58	9	to	to	PART
fbem-14590	58	10	find	find	VERB
fbem-14590	58	11	the	the	DET
fbem-14590	58	12	critical	critical	ADJ
fbem-14590	58	13	t	t	NOUN
fbem-14590	58	14	value	value	NOUN
fbem-14590	58	15	.	.	PUNCT
fbem-14590	59	1	the	the	DET
fbem-14590	59	2	gdp	gdp	NOUN
fbem-14590	59	3	growth	growth	NOUN
fbem-14590	59	4	rate	rate	NOUN
fbem-14590	59	5	is	be	AUX
fbem-14590	59	6	calculated	calculate	VERB
fbem-14590	59	7	by	by	ADP
fbem-14590	59	8	the	the	DET
fbem-14590	59	9	growth	growth	NOUN
fbem-14590	59	10	of	of	ADP
fbem-14590	59	11	the	the	DET
fbem-14590	59	12	annual	annual	ADJ
fbem-14590	59	13	value	value	NOUN
fbem-14590	59	14	of	of	ADP
fbem-14590	59	15	the	the	DET
fbem-14590	59	16	current	current	ADJ
fbem-14590	59	17	year	year	NOUN
fbem-14590	59	18	relative	relative	ADJ
fbem-14590	59	19	to	to	ADP
fbem-14590	59	20	the	the	DET
fbem-14590	59	21	previous	previous	ADJ
fbem-14590	59	22	year	year	NOUN
fbem-14590	59	23	,	,	PUNCT
fbem-14590	59	24	and	and	CCONJ
fbem-14590	59	25	the	the	DET
fbem-14590	59	26	data	datum	NOUN
fbem-14590	59	27	selection	selection	NOUN
fbem-14590	59	28	deadline	deadline	NOUN
fbem-14590	59	29	is	be	AUX
fbem-14590	59	30	the	the	DET
fbem-14590	59	31	end	end	NOUN
fbem-14590	59	32	of	of	ADP
fbem-14590	59	33	2015	2015	NUM
fbem-14590	59	34	,	,	PUNCT
fbem-14590	59	35	as	as	SCONJ
fbem-14590	59	36	shown	show	VERB
fbem-14590	59	37	in	in	ADP
fbem-14590	59	38	figure	figure	NOUN
fbem-14590	59	39	1	1	NUM
fbem-14590	59	40	.	.	PUNCT
fbem-14590	60	1	figure	figure	NOUN
fbem-14590	60	2	1	1	NUM
fbem-14590	60	3	.	.	NOUN
fbem-14590	60	4	time	time	NOUN
fbem-14590	60	5	series	series	PROPN
fbem-14590	60	6	table	table	NOUN
fbem-14590	60	7	of	of	ADP
fbem-14590	60	8	leverage	leverage	NOUN
fbem-14590	60	9	ratio	ratio	NOUN
fbem-14590	60	10	and	and	CCONJ
fbem-14590	60	11	economic	economic	ADJ
fbem-14590	60	12	growth	growth	NOUN
fbem-14590	60	13	index	index	NOUN
fbem-14590	60	14	(	(	PUNCT
fbem-14590	60	15	unit	unit	NOUN
fbem-14590	60	16	:	:	PUNCT
fbem-14590	60	17	100	100	NUM
fbem-14590	60	18	million	million	NUM
fbem-14590	60	19	yuan	yuan	NOUN
fbem-14590	60	20	)	)	PUNCT
fbem-14590	60	21	table	table	NOUN
fbem-14590	60	22	1	1	NUM
fbem-14590	60	23	.	.	PUNCT
fbem-14590	60	24	test	test	NOUN
fbem-14590	60	25	result	result	NOUN
fbem-14590	60	26	leverage	leverage	NOUN
fbem-14590	60	27	ratio	ratio	NOUN
fbem-14590	60	28	gdp	gdp	NOUN
fbem-14590	60	29	growth	growth	NOUN
fbem-14590	60	30	rate	rate	NOUN
fbem-14590	60	31	leverage	leverage	NOUN
fbem-14590	60	32	ratio	ratio	NOUN
fbem-14590	60	33	1(0.000	1(0.000	NUM
fbem-14590	60	34	*	*	NOUN
fbem-14590	60	35	*	*	NOUN
fbem-14590	60	36	*	*	NOUN
fbem-14590	60	37	)	)	PUNCT
fbem-14590	60	38	-0.763(0.006	-0.763(0.006	NOUN
fbem-14590	60	39	*	*	PUNCT
fbem-14590	60	40	*	*	PUNCT
fbem-14590	60	41	*	*	NOUN
fbem-14590	60	42	)	)	PUNCT
fbem-14590	60	43	gdp	gdp	NOUN
fbem-14590	60	44	growth	growth	NOUN
fbem-14590	60	45	rate	rate	NOUN
fbem-14590	60	46	-0.763(0.006	-0.763(0.006	NOUN
fbem-14590	60	47	*	*	PUNCT
fbem-14590	60	48	*	*	PUNCT
fbem-14590	60	49	*	*	NOUN
fbem-14590	60	50	)	)	PUNCT
fbem-14590	60	51	1(0.000	1(0.000	NUM
fbem-14590	60	52	*	*	PUNCT
fbem-14590	60	53	*	*	PUNCT
fbem-14590	60	54	*	*	NOUN
fbem-14590	60	55	)	)	PUNCT
fbem-14590	60	56	note	note	NOUN
fbem-14590	60	57	:	:	PUNCT
fbem-14590	61	1	*	*	PUNCT
fbem-14590	62	1	*	*	PUNCT
fbem-14590	62	2	*	*	PUNCT
fbem-14590	62	3	,	,	PUNCT
fbem-14590	62	4	*	*	PUNCT
fbem-14590	62	5	*	*	PUNCT
fbem-14590	62	6	and	and	CCONJ
fbem-14590	62	7	*	*	AUX
fbem-14590	62	8	represent	represent	VERB
fbem-14590	62	9	the	the	DET
fbem-14590	62	10	significance	significance	NOUN
fbem-14590	62	11	levels	level	NOUN
fbem-14590	62	12	of	of	ADP
fbem-14590	62	13	1	1	NUM
fbem-14590	62	14	%	%	NOUN
fbem-14590	62	15	,	,	PUNCT
fbem-14590	62	16	5	5	NUM
fbem-14590	62	17	%	%	NOUN
fbem-14590	62	18	and	and	CCONJ
fbem-14590	62	19	10	10	NUM
fbem-14590	62	20	%	%	NOUN
fbem-14590	62	21	respectively	respectively	ADV
fbem-14590	62	22	.	.	PUNCT
fbem-14590	63	1	figure	figure	NOUN
fbem-14590	63	2	2	2	NUM
fbem-14590	63	3	.	.	PUNCT
fbem-14590	63	4	thermogram	thermogram	NOUN
fbem-14590	63	5	of	of	ADP
fbem-14590	63	6	correlation	correlation	NOUN
fbem-14590	63	7	coefficient	coefficient	NOUN
fbem-14590	63	8	value	value	NOUN
fbem-14590	63	9	34	34	NUM
fbem-14590	63	10	table	table	NOUN
fbem-14590	63	11	1	1	NUM
fbem-14590	63	12	shows	show	VERB
fbem-14590	63	13	the	the	DET
fbem-14590	63	14	results	result	NOUN
fbem-14590	63	15	of	of	ADP
fbem-14590	63	16	pearson	pearson	PROPN
fbem-14590	63	17	correlation	correlation	NOUN
fbem-14590	63	18	test	test	NOUN
fbem-14590	63	19	.	.	PUNCT
fbem-14590	64	1	figure	figure	NOUN
fbem-14590	64	2	2	2	NUM
fbem-14590	64	3	above	above	ADV
fbem-14590	64	4	shows	show	VERB
fbem-14590	64	5	the	the	DET
fbem-14590	64	6	value	value	NOUN
fbem-14590	64	7	of	of	ADP
fbem-14590	64	8	correlation	correlation	NOUN
fbem-14590	64	9	coefficient	coefficient	NOUN
fbem-14590	64	10	in	in	ADP
fbem-14590	64	11	the	the	DET
fbem-14590	64	12	form	form	NOUN
fbem-14590	64	13	of	of	ADP
fbem-14590	64	14	heat	heat	NOUN
fbem-14590	64	15	map	map	NOUN
fbem-14590	64	16	,	,	PUNCT
fbem-14590	64	17	which	which	PRON
fbem-14590	64	18	mainly	mainly	ADV
fbem-14590	64	19	shows	show	VERB
fbem-14590	64	20	the	the	DET
fbem-14590	64	21	value	value	NOUN
fbem-14590	64	22	through	through	ADP
fbem-14590	64	23	the	the	DET
fbem-14590	64	24	depth	depth	NOUN
fbem-14590	64	25	of	of	ADP
fbem-14590	64	26	color	color	NOUN
fbem-14590	64	27	.	.	PUNCT
fbem-14590	65	1	it	it	PRON
fbem-14590	65	2	can	can	AUX
fbem-14590	65	3	be	be	AUX
fbem-14590	65	4	seen	see	VERB
fbem-14590	65	5	that	that	SCONJ
fbem-14590	65	6	the	the	DET
fbem-14590	65	7	correlation	correlation	NOUN
fbem-14590	65	8	between	between	ADP
fbem-14590	65	9	the	the	DET
fbem-14590	65	10	two	two	NUM
fbem-14590	65	11	is	be	AUX
fbem-14590	65	12	significant	significant	ADJ
fbem-14590	65	13	(	(	PUNCT
fbem-14590	65	14	p=0.006<0.05	p=0.006<0.05	NOUN
fbem-14590	65	15	)	)	PUNCT
fbem-14590	65	16	,	,	PUNCT
fbem-14590	65	17	that	that	ADV
fbem-14590	65	18	is	is	ADV
fbem-14590	65	19	,	,	PUNCT
fbem-14590	65	20	the	the	DET
fbem-14590	65	21	correlation	correlation	NOUN
fbem-14590	65	22	is	be	AUX
fbem-14590	65	23	significant	significant	ADJ
fbem-14590	65	24	.	.	PUNCT
fbem-14590	66	1	at	at	ADP
fbem-14590	66	2	the	the	DET
fbem-14590	66	3	same	same	ADJ
fbem-14590	66	4	time	time	NOUN
fbem-14590	66	5	,	,	PUNCT
fbem-14590	66	6	it	it	PRON
fbem-14590	66	7	can	can	AUX
fbem-14590	66	8	be	be	AUX
fbem-14590	66	9	seen	see	VERB
fbem-14590	66	10	that	that	SCONJ
fbem-14590	66	11	the	the	DET
fbem-14590	66	12	correlation	correlation	NOUN
fbem-14590	66	13	between	between	ADP
fbem-14590	66	14	the	the	DET
fbem-14590	66	15	leverage	leverage	NOUN
fbem-14590	66	16	ratio	ratio	NOUN
fbem-14590	66	17	of	of	ADP
fbem-14590	66	18	the	the	DET
fbem-14590	66	19	financial	financial	ADJ
fbem-14590	66	20	sector	sector	NOUN
fbem-14590	66	21	and	and	CCONJ
fbem-14590	66	22	gdp	gdp	NOUN
fbem-14590	66	23	is	be	AUX
fbem-14590	66	24	-0.763	-0.763	PROPN
fbem-14590	66	25	,	,	PUNCT
fbem-14590	66	26	which	which	PRON
fbem-14590	66	27	is	be	AUX
fbem-14590	66	28	strong	strong	ADJ
fbem-14590	66	29	and	and	CCONJ
fbem-14590	66	30	negatively	negatively	ADV
fbem-14590	66	31	correlated	correlate	VERB
fbem-14590	66	32	.	.	PUNCT
fbem-14590	67	1	this	this	PRON
fbem-14590	67	2	shows	show	VERB
fbem-14590	67	3	that	that	SCONJ
fbem-14590	67	4	with	with	ADP
fbem-14590	67	5	the	the	DET
fbem-14590	67	6	increase	increase	NOUN
fbem-14590	67	7	of	of	ADP
fbem-14590	67	8	leverage	leverage	NOUN
fbem-14590	67	9	ratio	ratio	NOUN
fbem-14590	67	10	,	,	PUNCT
fbem-14590	67	11	the	the	DET
fbem-14590	67	12	economic	economic	ADJ
fbem-14590	67	13	growth	growth	NOUN
fbem-14590	67	14	rate	rate	NOUN
fbem-14590	67	15	will	will	AUX
fbem-14590	67	16	decrease	decrease	VERB
fbem-14590	67	17	.	.	PUNCT
fbem-14590	68	1	the	the	DET
fbem-14590	68	2	leverage	leverage	NOUN
fbem-14590	68	3	ratio	ratio	NOUN
fbem-14590	68	4	within	within	ADP
fbem-14590	68	5	a	a	DET
fbem-14590	68	6	certain	certain	ADJ
fbem-14590	68	7	range	range	NOUN
fbem-14590	68	8	can	can	AUX
fbem-14590	68	9	stimulate	stimulate	VERB
fbem-14590	68	10	economic	economic	ADJ
fbem-14590	68	11	growth	growth	NOUN
fbem-14590	68	12	.	.	PUNCT
fbem-14590	69	1	once	once	SCONJ
fbem-14590	69	2	it	it	PRON
fbem-14590	69	3	exceeds	exceed	VERB
fbem-14590	69	4	the	the	DET
fbem-14590	69	5	marginal	marginal	ADJ
fbem-14590	69	6	line	line	NOUN
fbem-14590	69	7	,	,	PUNCT
fbem-14590	69	8	the	the	DET
fbem-14590	69	9	increase	increase	NOUN
fbem-14590	69	10	of	of	ADP
fbem-14590	69	11	leverage	leverage	NOUN
fbem-14590	69	12	ratio	ratio	NOUN
fbem-14590	69	13	will	will	AUX
fbem-14590	69	14	lead	lead	VERB
fbem-14590	69	15	to	to	ADP
fbem-14590	69	16	the	the	DET
fbem-14590	69	17	decline	decline	NOUN
fbem-14590	69	18	of	of	ADP
fbem-14590	69	19	economic	economic	ADJ
fbem-14590	69	20	growth	growth	NOUN
fbem-14590	69	21	and	and	CCONJ
fbem-14590	69	22	may	may	AUX
fbem-14590	69	23	cause	cause	VERB
fbem-14590	69	24	economic	economic	ADJ
fbem-14590	69	25	turmoil	turmoil	NOUN
fbem-14590	69	26	.	.	PUNCT
fbem-14590	70	1	4	4	X
fbem-14590	70	2	.	.	X
fbem-14590	70	3	suggestions	suggestion	NOUN
fbem-14590	70	4	on	on	ADP
fbem-14590	70	5	effective	effective	ADJ
fbem-14590	70	6	deleveraging	deleveraging	NOUN
fbem-14590	70	7	of	of	ADP
fbem-14590	70	8	finance	finance	NOUN
fbem-14590	70	9	effective	effective	ADJ
fbem-14590	70	10	deleveraging	deleveraging	NOUN
fbem-14590	70	11	of	of	ADP
fbem-14590	70	12	financial	financial	ADJ
fbem-14590	70	13	institutions	institution	NOUN
fbem-14590	70	14	and	and	CCONJ
fbem-14590	70	15	economic	economic	ADJ
fbem-14590	70	16	systems	system	NOUN
fbem-14590	70	17	is	be	AUX
fbem-14590	70	18	an	an	DET
fbem-14590	70	19	important	important	ADJ
fbem-14590	70	20	part	part	NOUN
fbem-14590	70	21	of	of	ADP
fbem-14590	70	22	maintaining	maintain	VERB
fbem-14590	70	23	financial	financial	ADJ
fbem-14590	70	24	stability	stability	NOUN
fbem-14590	70	25	and	and	CCONJ
fbem-14590	70	26	sustainable	sustainable	ADJ
fbem-14590	70	27	growth	growth	NOUN
fbem-14590	70	28	.	.	PUNCT
fbem-14590	71	1	here	here	ADV
fbem-14590	71	2	are	be	AUX
fbem-14590	71	3	some	some	DET
fbem-14590	71	4	suggestions	suggestion	NOUN
fbem-14590	71	5	to	to	PART
fbem-14590	71	6	help	help	VERB
fbem-14590	71	7	achieve	achieve	VERB
fbem-14590	71	8	effective	effective	ADJ
fbem-14590	71	9	deleveraging	deleveraging	NOUN
fbem-14590	71	10	:	:	PUNCT
fbem-14590	71	11	strengthening	strengthen	VERB
fbem-14590	71	12	supervision	supervision	NOUN
fbem-14590	71	13	and	and	CCONJ
fbem-14590	71	14	supervision	supervision	NOUN
fbem-14590	71	15	:	:	PUNCT
fbem-14590	71	16	the	the	DET
fbem-14590	71	17	government	government	NOUN
fbem-14590	71	18	and	and	CCONJ
fbem-14590	71	19	regulatory	regulatory	ADJ
fbem-14590	71	20	agencies	agency	NOUN
fbem-14590	71	21	should	should	AUX
fbem-14590	71	22	strengthen	strengthen	VERB
fbem-14590	71	23	supervision	supervision	NOUN
fbem-14590	71	24	and	and	CCONJ
fbem-14590	71	25	supervision	supervision	NOUN
fbem-14590	71	26	of	of	ADP
fbem-14590	71	27	financial	financial	ADJ
fbem-14590	71	28	institutions	institution	NOUN
fbem-14590	71	29	to	to	PART
fbem-14590	71	30	ensure	ensure	VERB
fbem-14590	71	31	that	that	SCONJ
fbem-14590	71	32	they	they	PRON
fbem-14590	71	33	comply	comply	VERB
fbem-14590	71	34	with	with	ADP
fbem-14590	71	35	the	the	DET
fbem-14590	71	36	provisions	provision	NOUN
fbem-14590	71	37	and	and	CCONJ
fbem-14590	71	38	guidelines	guideline	NOUN
fbem-14590	71	39	of	of	ADP
fbem-14590	71	40	leverage	leverage	NOUN
fbem-14590	71	41	ratio	ratio	NOUN
fbem-14590	71	42	.	.	PUNCT
fbem-14590	72	1	supervision	supervision	NOUN
fbem-14590	72	2	should	should	AUX
fbem-14590	72	3	be	be	AUX
fbem-14590	72	4	stricter	strict	ADJ
fbem-14590	72	5	to	to	PART
fbem-14590	72	6	prevent	prevent	VERB
fbem-14590	72	7	unhealthy	unhealthy	ADJ
fbem-14590	72	8	leverage	leverage	NOUN
fbem-14590	72	9	.	.	PUNCT
fbem-14590	73	1	make	make	VERB
fbem-14590	73	2	a	a	DET
fbem-14590	73	3	wise	wise	ADJ
fbem-14590	73	4	leverage	leverage	NOUN
fbem-14590	73	5	ratio	ratio	NOUN
fbem-14590	73	6	:	:	PUNCT
fbem-14590	73	7	make	make	VERB
fbem-14590	73	8	a	a	DET
fbem-14590	73	9	wise	wise	ADJ
fbem-14590	73	10	leverage	leverage	NOUN
fbem-14590	73	11	ratio	ratio	NOUN
fbem-14590	73	12	standard	standard	NOUN
fbem-14590	73	13	for	for	ADP
fbem-14590	73	14	different	different	ADJ
fbem-14590	73	15	types	type	NOUN
fbem-14590	73	16	of	of	ADP
fbem-14590	73	17	financial	financial	ADJ
fbem-14590	73	18	institutions	institution	NOUN
fbem-14590	73	19	and	and	CCONJ
fbem-14590	73	20	markets	market	NOUN
fbem-14590	73	21	to	to	PART
fbem-14590	73	22	ensure	ensure	VERB
fbem-14590	73	23	that	that	SCONJ
fbem-14590	73	24	financial	financial	ADJ
fbem-14590	73	25	institutions	institution	NOUN
fbem-14590	73	26	can	can	AUX
fbem-14590	73	27	maintain	maintain	VERB
fbem-14590	73	28	a	a	DET
fbem-14590	73	29	moderate	moderate	ADJ
fbem-14590	73	30	leverage	leverage	NOUN
fbem-14590	73	31	level	level	NOUN
fbem-14590	73	32	under	under	ADP
fbem-14590	73	33	the	the	DET
fbem-14590	73	34	premise	premise	NOUN
fbem-14590	73	35	of	of	ADP
fbem-14590	73	36	full	full	ADJ
fbem-14590	73	37	capitalization	capitalization	NOUN
fbem-14590	73	38	.	.	PUNCT
fbem-14590	74	1	strengthen	strengthen	VERB
fbem-14590	74	2	risk	risk	NOUN
fbem-14590	74	3	management	management	NOUN
fbem-14590	74	4	:	:	PUNCT
fbem-14590	74	5	financial	financial	ADJ
fbem-14590	74	6	institutions	institution	NOUN
fbem-14590	74	7	should	should	AUX
fbem-14590	74	8	strengthen	strengthen	VERB
fbem-14590	74	9	risk	risk	NOUN
fbem-14590	74	10	management	management	NOUN
fbem-14590	74	11	,	,	PUNCT
fbem-14590	74	12	including	include	VERB
fbem-14590	74	13	stricter	strict	ADJ
fbem-14590	74	14	examination	examination	NOUN
fbem-14590	74	15	of	of	ADP
fbem-14590	74	16	borrowers	borrower	NOUN
fbem-14590	74	17	'	'	PART
fbem-14590	74	18	credit	credit	NOUN
fbem-14590	74	19	quality	quality	NOUN
fbem-14590	74	20	and	and	CCONJ
fbem-14590	74	21	timely	timely	ADJ
fbem-14590	74	22	monitoring	monitoring	NOUN
fbem-14590	74	23	of	of	ADP
fbem-14590	74	24	risk	risk	NOUN
fbem-14590	74	25	exposure	exposure	NOUN
fbem-14590	74	26	.	.	PUNCT
fbem-14590	75	1	this	this	PRON
fbem-14590	75	2	helps	help	VERB
fbem-14590	75	3	to	to	PART
fbem-14590	75	4	reduce	reduce	VERB
fbem-14590	75	5	risks	risk	NOUN
fbem-14590	75	6	and	and	CCONJ
fbem-14590	75	7	reduce	reduce	VERB
fbem-14590	75	8	the	the	DET
fbem-14590	75	9	volatility	volatility	NOUN
fbem-14590	75	10	of	of	ADP
fbem-14590	75	11	leverage	leverage	NOUN
fbem-14590	75	12	.	.	PUNCT
fbem-14590	76	1	transparency	transparency	NOUN
fbem-14590	76	2	and	and	CCONJ
fbem-14590	76	3	information	information	NOUN
fbem-14590	76	4	disclosure	disclosure	NOUN
fbem-14590	76	5	:	:	PUNCT
fbem-14590	76	6	improve	improve	VERB
fbem-14590	76	7	the	the	DET
fbem-14590	76	8	transparency	transparency	NOUN
fbem-14590	76	9	and	and	CCONJ
fbem-14590	76	10	information	information	NOUN
fbem-14590	76	11	disclosure	disclosure	NOUN
fbem-14590	76	12	of	of	ADP
fbem-14590	76	13	financial	financial	ADJ
fbem-14590	76	14	markets	market	NOUN
fbem-14590	76	15	so	so	SCONJ
fbem-14590	76	16	that	that	SCONJ
fbem-14590	76	17	market	market	NOUN
fbem-14590	76	18	participants	participant	NOUN
fbem-14590	76	19	can	can	AUX
fbem-14590	76	20	better	well	ADV
fbem-14590	76	21	understand	understand	VERB
fbem-14590	76	22	the	the	DET
fbem-14590	76	23	leverage	leverage	NOUN
fbem-14590	76	24	and	and	CCONJ
fbem-14590	76	25	risk	risk	NOUN
fbem-14590	76	26	exposure	exposure	NOUN
fbem-14590	76	27	of	of	ADP
fbem-14590	76	28	financial	financial	ADJ
fbem-14590	76	29	institutions	institution	NOUN
fbem-14590	76	30	.	.	PUNCT
fbem-14590	77	1	transparency	transparency	NOUN
fbem-14590	77	2	helps	help	VERB
fbem-14590	77	3	to	to	PART
fbem-14590	77	4	reduce	reduce	VERB
fbem-14590	77	5	uncertainty	uncertainty	NOUN
fbem-14590	77	6	and	and	CCONJ
fbem-14590	77	7	improve	improve	VERB
fbem-14590	77	8	market	market	NOUN
fbem-14590	77	9	stability	stability	NOUN
fbem-14590	77	10	[	[	X
fbem-14590	77	11	10	10	NUM
fbem-14590	77	12	]	]	PUNCT
fbem-14590	77	13	.	.	PUNCT
fbem-14590	78	1	diversified	diversify	VERB
fbem-14590	78	2	sources	source	NOUN
fbem-14590	78	3	of	of	ADP
fbem-14590	78	4	funds	fund	NOUN
fbem-14590	78	5	:	:	PUNCT
fbem-14590	78	6	financial	financial	ADJ
fbem-14590	78	7	institutions	institution	NOUN
fbem-14590	78	8	should	should	AUX
fbem-14590	78	9	strive	strive	VERB
fbem-14590	78	10	to	to	PART
fbem-14590	78	11	diversify	diversify	VERB
fbem-14590	78	12	their	their	PRON
fbem-14590	78	13	financing	financing	NOUN
fbem-14590	78	14	sources	source	NOUN
fbem-14590	78	15	and	and	CCONJ
fbem-14590	78	16	reduce	reduce	VERB
fbem-14590	78	17	their	their	PRON
fbem-14590	78	18	dependence	dependence	NOUN
fbem-14590	78	19	on	on	ADP
fbem-14590	78	20	short	short	ADJ
fbem-14590	78	21	-	-	PUNCT
fbem-14590	78	22	term	term	NOUN
fbem-14590	78	23	debt	debt	NOUN
fbem-14590	78	24	and	and	CCONJ
fbem-14590	78	25	external	external	ADJ
fbem-14590	78	26	financing	financing	NOUN
fbem-14590	78	27	.	.	PUNCT
fbem-14590	79	1	this	this	PRON
fbem-14590	79	2	helps	help	VERB
fbem-14590	79	3	to	to	PART
fbem-14590	79	4	reduce	reduce	VERB
fbem-14590	79	5	liquidity	liquidity	NOUN
fbem-14590	79	6	risk	risk	NOUN
fbem-14590	79	7	and	and	CCONJ
fbem-14590	79	8	the	the	DET
fbem-14590	79	9	vulnerability	vulnerability	NOUN
fbem-14590	79	10	of	of	ADP
fbem-14590	79	11	financial	financial	ADJ
fbem-14590	79	12	institutions	institution	NOUN
fbem-14590	79	13	.	.	PUNCT
fbem-14590	80	1	coping	cope	VERB
fbem-14590	80	2	with	with	ADP
fbem-14590	80	3	cyclical	cyclical	ADJ
fbem-14590	80	4	shocks	shock	NOUN
fbem-14590	80	5	:	:	PUNCT
fbem-14590	80	6	the	the	DET
fbem-14590	80	7	government	government	NOUN
fbem-14590	80	8	and	and	CCONJ
fbem-14590	80	9	the	the	DET
fbem-14590	80	10	central	central	ADJ
fbem-14590	80	11	bank	bank	NOUN
fbem-14590	80	12	should	should	AUX
fbem-14590	80	13	establish	establish	VERB
fbem-14590	80	14	mechanisms	mechanism	NOUN
fbem-14590	80	15	to	to	PART
fbem-14590	80	16	cope	cope	VERB
fbem-14590	80	17	with	with	ADP
fbem-14590	80	18	cyclical	cyclical	ADJ
fbem-14590	80	19	shocks	shock	NOUN
fbem-14590	80	20	.	.	PUNCT
fbem-14590	81	1	this	this	PRON
fbem-14590	81	2	includes	include	VERB
fbem-14590	81	3	moderate	moderate	ADJ
fbem-14590	81	4	adjustment	adjustment	NOUN
fbem-14590	81	5	of	of	ADP
fbem-14590	81	6	monetary	monetary	ADJ
fbem-14590	81	7	policy	policy	NOUN
fbem-14590	81	8	and	and	CCONJ
fbem-14590	81	9	emergency	emergency	NOUN
fbem-14590	81	10	fiscal	fiscal	ADJ
fbem-14590	81	11	policy	policy	NOUN
fbem-14590	81	12	to	to	PART
fbem-14590	81	13	alleviate	alleviate	VERB
fbem-14590	81	14	the	the	DET
fbem-14590	81	15	instability	instability	NOUN
fbem-14590	81	16	of	of	ADP
fbem-14590	81	17	financial	financial	ADJ
fbem-14590	81	18	markets	market	NOUN
fbem-14590	81	19	.	.	PUNCT
fbem-14590	82	1	financial	financial	ADJ
fbem-14590	82	2	education	education	NOUN
fbem-14590	82	3	and	and	CCONJ
fbem-14590	82	4	training	training	NOUN
fbem-14590	82	5	:	:	PUNCT
fbem-14590	82	6	financial	financial	ADJ
fbem-14590	82	7	practitioners	practitioner	NOUN
fbem-14590	82	8	and	and	CCONJ
fbem-14590	82	9	investors	investor	NOUN
fbem-14590	82	10	should	should	AUX
fbem-14590	82	11	receive	receive	VERB
fbem-14590	82	12	training	training	NOUN
fbem-14590	82	13	and	and	CCONJ
fbem-14590	82	14	education	education	NOUN
fbem-14590	82	15	on	on	ADP
fbem-14590	82	16	leverage	leverage	NOUN
fbem-14590	82	17	and	and	CCONJ
fbem-14590	82	18	risk	risk	NOUN
fbem-14590	82	19	management	management	NOUN
fbem-14590	82	20	to	to	PART
fbem-14590	82	21	improve	improve	VERB
fbem-14590	82	22	their	their	PRON
fbem-14590	82	23	risk	risk	NOUN
fbem-14590	82	24	awareness	awareness	NOUN
fbem-14590	82	25	and	and	CCONJ
fbem-14590	82	26	reduce	reduce	VERB
fbem-14590	82	27	the	the	DET
fbem-14590	82	28	probability	probability	NOUN
fbem-14590	82	29	of	of	ADP
fbem-14590	82	30	wrong	wrong	ADJ
fbem-14590	82	31	decisions	decision	NOUN
fbem-14590	82	32	.	.	PUNCT
fbem-14590	83	1	international	international	ADJ
fbem-14590	83	2	cooperation	cooperation	NOUN
fbem-14590	83	3	:	:	PUNCT
fbem-14590	83	4	the	the	DET
fbem-14590	83	5	international	international	ADJ
fbem-14590	83	6	financial	financial	ADJ
fbem-14590	83	7	system	system	NOUN
fbem-14590	83	8	needs	need	VERB
fbem-14590	83	9	international	international	ADJ
fbem-14590	83	10	cooperation	cooperation	NOUN
fbem-14590	83	11	to	to	PART
fbem-14590	83	12	meet	meet	VERB
fbem-14590	83	13	the	the	DET
fbem-14590	83	14	challenges	challenge	NOUN
fbem-14590	83	15	of	of	ADP
fbem-14590	83	16	the	the	DET
fbem-14590	83	17	global	global	ADJ
fbem-14590	83	18	financial	financial	ADJ
fbem-14590	83	19	market	market	NOUN
fbem-14590	83	20	.	.	PUNCT
fbem-14590	84	1	international	international	ADJ
fbem-14590	84	2	standards	standard	NOUN
fbem-14590	84	3	and	and	CCONJ
fbem-14590	84	4	coordinated	coordinated	ADJ
fbem-14590	84	5	policies	policy	NOUN
fbem-14590	84	6	can	can	AUX
fbem-14590	84	7	help	help	VERB
fbem-14590	84	8	reduce	reduce	VERB
fbem-14590	84	9	the	the	DET
fbem-14590	84	10	risk	risk	NOUN
fbem-14590	84	11	of	of	ADP
fbem-14590	84	12	cross	cross	ADJ
fbem-14590	84	13	-	-	ADJ
fbem-14590	84	14	border	border	ADJ
fbem-14590	84	15	leverage	leverage	NOUN
fbem-14590	84	16	.	.	PUNCT
fbem-14590	85	1	regular	regular	ADJ
fbem-14590	85	2	evaluation	evaluation	NOUN
fbem-14590	85	3	and	and	CCONJ
fbem-14590	85	4	adjustment	adjustment	NOUN
fbem-14590	85	5	:	:	PUNCT
fbem-14590	85	6	policymakers	policymaker	NOUN
fbem-14590	85	7	and	and	CCONJ
fbem-14590	85	8	regulators	regulator	NOUN
fbem-14590	85	9	should	should	AUX
fbem-14590	85	10	regularly	regularly	ADV
fbem-14590	85	11	evaluate	evaluate	VERB
fbem-14590	85	12	the	the	DET
fbem-14590	85	13	effectiveness	effectiveness	NOUN
fbem-14590	85	14	of	of	ADP
fbem-14590	85	15	leverage	leverage	NOUN
fbem-14590	85	16	rules	rule	NOUN
fbem-14590	85	17	and	and	CCONJ
fbem-14590	85	18	policies	policy	NOUN
fbem-14590	85	19	and	and	CCONJ
fbem-14590	85	20	make	make	VERB
fbem-14590	85	21	adjustments	adjustment	NOUN
fbem-14590	85	22	according	accord	VERB
fbem-14590	85	23	to	to	ADP
fbem-14590	85	24	market	market	NOUN
fbem-14590	85	25	and	and	CCONJ
fbem-14590	85	26	economic	economic	ADJ
fbem-14590	85	27	changes	change	NOUN
fbem-14590	85	28	.	.	PUNCT
fbem-14590	86	1	monitoring	monitor	VERB
fbem-14590	86	2	innovation	innovation	NOUN
fbem-14590	86	3	and	and	CCONJ
fbem-14590	86	4	emerging	emerge	VERB
fbem-14590	86	5	risks	risk	NOUN
fbem-14590	86	6	:	:	PUNCT
fbem-14590	86	7	constantly	constantly	ADV
fbem-14590	86	8	monitor	monitor	VERB
fbem-14590	86	9	financial	financial	ADJ
fbem-14590	86	10	innovation	innovation	NOUN
fbem-14590	86	11	and	and	CCONJ
fbem-14590	86	12	emerging	emerge	VERB
fbem-14590	86	13	risks	risk	NOUN
fbem-14590	86	14	,	,	PUNCT
fbem-14590	86	15	and	and	CCONJ
fbem-14590	86	16	formulate	formulate	VERB
fbem-14590	86	17	corresponding	corresponding	ADJ
fbem-14590	86	18	policies	policy	NOUN
fbem-14590	86	19	and	and	CCONJ
fbem-14590	86	20	regulations	regulation	NOUN
fbem-14590	86	21	in	in	ADP
fbem-14590	86	22	time	time	NOUN
fbem-14590	86	23	to	to	PART
fbem-14590	86	24	avoid	avoid	VERB
fbem-14590	86	25	instability	instability	NOUN
fbem-14590	86	26	.	.	PUNCT
fbem-14590	87	1	effective	effective	ADJ
fbem-14590	87	2	deleveraging	deleveraging	NOUN
fbem-14590	87	3	requires	require	VERB
fbem-14590	87	4	comprehensive	comprehensive	ADJ
fbem-14590	87	5	consideration	consideration	NOUN
fbem-14590	87	6	of	of	ADP
fbem-14590	87	7	various	various	ADJ
fbem-14590	87	8	factors	factor	NOUN
fbem-14590	87	9	,	,	PUNCT
fbem-14590	87	10	including	include	VERB
fbem-14590	87	11	supervision	supervision	NOUN
fbem-14590	87	12	,	,	PUNCT
fbem-14590	87	13	risk	risk	NOUN
fbem-14590	87	14	management	management	NOUN
fbem-14590	87	15	,	,	PUNCT
fbem-14590	87	16	policies	policy	NOUN
fbem-14590	87	17	and	and	CCONJ
fbem-14590	87	18	market	market	NOUN
fbem-14590	87	19	mechanisms	mechanism	NOUN
fbem-14590	87	20	.	.	PUNCT
fbem-14590	88	1	by	by	ADP
fbem-14590	88	2	adopting	adopt	VERB
fbem-14590	88	3	the	the	DET
fbem-14590	88	4	above	above	ADJ
fbem-14590	88	5	suggestions	suggestion	NOUN
fbem-14590	88	6	,	,	PUNCT
fbem-14590	88	7	we	we	PRON
fbem-14590	88	8	can	can	AUX
fbem-14590	88	9	help	help	VERB
fbem-14590	88	10	the	the	DET
fbem-14590	88	11	financial	financial	ADJ
fbem-14590	88	12	system	system	NOUN
fbem-14590	88	13	maintain	maintain	VERB
fbem-14590	88	14	stability	stability	NOUN
fbem-14590	88	15	and	and	CCONJ
fbem-14590	88	16	promote	promote	VERB
fbem-14590	88	17	sustainable	sustainable	ADJ
fbem-14590	88	18	economic	economic	ADJ
fbem-14590	88	19	growth	growth	NOUN
fbem-14590	88	20	.	.	PUNCT
fbem-14590	89	1	5	5	X
fbem-14590	89	2	.	.	X
fbem-14590	89	3	conclusions	conclusion	NOUN
fbem-14590	89	4	moderate	moderate	VERB
fbem-14590	89	5	leverage	leverage	NOUN
fbem-14590	89	6	ratio	ratio	NOUN
fbem-14590	89	7	helps	help	VERB
fbem-14590	89	8	to	to	PART
fbem-14590	89	9	promote	promote	VERB
fbem-14590	89	10	economic	economic	ADJ
fbem-14590	89	11	growth	growth	NOUN
fbem-14590	89	12	.	.	PUNCT
fbem-14590	90	1	moderate	moderate	ADJ
fbem-14590	90	2	debt	debt	NOUN
fbem-14590	90	3	level	level	NOUN
fbem-14590	90	4	can	can	AUX
fbem-14590	90	5	help	help	VERB
fbem-14590	90	6	enterprises	enterprise	NOUN
fbem-14590	90	7	to	to	PART
fbem-14590	90	8	finance	finance	NOUN
fbem-14590	90	9	projects	project	NOUN
fbem-14590	90	10	,	,	PUNCT
fbem-14590	90	11	accelerate	accelerate	VERB
fbem-14590	90	12	investment	investment	NOUN
fbem-14590	90	13	and	and	CCONJ
fbem-14590	90	14	stimulate	stimulate	VERB
fbem-14590	90	15	consumption	consumption	NOUN
fbem-14590	90	16	,	,	PUNCT
fbem-14590	90	17	thus	thus	ADV
fbem-14590	90	18	promoting	promote	VERB
fbem-14590	90	19	economic	economic	ADJ
fbem-14590	90	20	growth	growth	NOUN
fbem-14590	90	21	.	.	PUNCT
fbem-14590	91	1	excessive	excessive	ADJ
fbem-14590	91	2	or	or	CCONJ
fbem-14590	91	3	unstable	unstable	ADJ
fbem-14590	91	4	leverage	leverage	NOUN
fbem-14590	91	5	ratio	ratio	NOUN
fbem-14590	91	6	may	may	AUX
fbem-14590	91	7	lead	lead	VERB
fbem-14590	91	8	to	to	ADP
fbem-14590	91	9	financial	financial	ADJ
fbem-14590	91	10	instability	instability	NOUN
fbem-14590	91	11	.	.	PUNCT
fbem-14590	92	1	when	when	SCONJ
fbem-14590	92	2	the	the	DET
fbem-14590	92	3	leverage	leverage	NOUN
fbem-14590	92	4	ratio	ratio	NOUN
fbem-14590	92	5	rises	rise	VERB
fbem-14590	92	6	rapidly	rapidly	ADV
fbem-14590	92	7	or	or	CCONJ
fbem-14590	92	8	exceeds	exceed	VERB
fbem-14590	92	9	the	the	DET
fbem-14590	92	10	sustainable	sustainable	ADJ
fbem-14590	92	11	level	level	NOUN
fbem-14590	92	12	,	,	PUNCT
fbem-14590	92	13	the	the	DET
fbem-14590	92	14	financial	financial	ADJ
fbem-14590	92	15	market	market	NOUN
fbem-14590	92	16	may	may	AUX
fbem-14590	92	17	be	be	AUX
fbem-14590	92	18	more	more	ADV
fbem-14590	92	19	vulnerable	vulnerable	ADJ
fbem-14590	92	20	to	to	ADP
fbem-14590	92	21	shocks	shock	NOUN
fbem-14590	92	22	,	,	PUNCT
fbem-14590	92	23	which	which	PRON
fbem-14590	92	24	may	may	AUX
fbem-14590	92	25	trigger	trigger	VERB
fbem-14590	92	26	a	a	DET
fbem-14590	92	27	financial	financial	ADJ
fbem-14590	92	28	crisis	crisis	NOUN
fbem-14590	92	29	and	and	CCONJ
fbem-14590	92	30	have	have	VERB
fbem-14590	92	31	a	a	DET
fbem-14590	92	32	negative	negative	ADJ
fbem-14590	92	33	impact	impact	NOUN
fbem-14590	92	34	on	on	ADP
fbem-14590	92	35	the	the	DET
fbem-14590	92	36	economy	economy	NOUN
fbem-14590	92	37	.	.	PUNCT
fbem-14590	93	1	the	the	DET
fbem-14590	93	2	change	change	NOUN
fbem-14590	93	3	of	of	ADP
fbem-14590	93	4	leverage	leverage	NOUN
fbem-14590	93	5	ratio	ratio	NOUN
fbem-14590	93	6	is	be	AUX
fbem-14590	93	7	not	not	PART
fbem-14590	93	8	the	the	DET
fbem-14590	93	9	only	only	ADJ
fbem-14590	93	10	influencing	influence	VERB
fbem-14590	93	11	factor	factor	NOUN
fbem-14590	93	12	.	.	PUNCT
fbem-14590	94	1	factors	factor	NOUN
fbem-14590	94	2	such	such	ADJ
fbem-14590	94	3	as	as	ADP
fbem-14590	94	4	monetary	monetary	ADJ
fbem-14590	94	5	policy	policy	NOUN
fbem-14590	94	6	,	,	PUNCT
fbem-14590	94	7	regulatory	regulatory	ADJ
fbem-14590	94	8	policy	policy	NOUN
fbem-14590	94	9	,	,	PUNCT
fbem-14590	94	10	market	market	NOUN
fbem-14590	94	11	sentiment	sentiment	NOUN
fbem-14590	94	12	and	and	CCONJ
fbem-14590	94	13	macroeconomic	macroeconomic	ADJ
fbem-14590	94	14	environment	environment	NOUN
fbem-14590	94	15	will	will	AUX
fbem-14590	94	16	also	also	ADV
fbem-14590	94	17	have	have	VERB
fbem-14590	94	18	a	a	DET
fbem-14590	94	19	significant	significant	ADJ
fbem-14590	94	20	impact	impact	NOUN
fbem-14590	94	21	on	on	ADP
fbem-14590	94	22	the	the	DET
fbem-14590	94	23	relationship	relationship	NOUN
fbem-14590	94	24	between	between	ADP
fbem-14590	94	25	the	the	DET
fbem-14590	94	26	change	change	NOUN
fbem-14590	94	27	of	of	ADP
fbem-14590	94	28	leverage	leverage	NOUN
fbem-14590	94	29	ratio	ratio	NOUN
fbem-14590	94	30	and	and	CCONJ
fbem-14590	94	31	economic	economic	ADJ
fbem-14590	94	32	growth	growth	NOUN
fbem-14590	94	33	.	.	PUNCT
fbem-14590	95	1	the	the	DET
fbem-14590	95	2	change	change	NOUN
fbem-14590	95	3	of	of	ADP
fbem-14590	95	4	leverage	leverage	NOUN
fbem-14590	95	5	ratio	ratio	NOUN
fbem-14590	95	6	has	have	VERB
fbem-14590	95	7	a	a	DET
fbem-14590	95	8	profound	profound	ADJ
fbem-14590	95	9	impact	impact	NOUN
fbem-14590	95	10	on	on	ADP
fbem-14590	95	11	economic	economic	ADJ
fbem-14590	95	12	growth	growth	NOUN
fbem-14590	95	13	,	,	PUNCT
fbem-14590	95	14	but	but	CCONJ
fbem-14590	95	15	this	this	DET
fbem-14590	95	16	relationship	relationship	NOUN
fbem-14590	95	17	is	be	AUX
fbem-14590	95	18	complex	complex	ADJ
fbem-14590	95	19	and	and	CCONJ
fbem-14590	95	20	multifaceted	multifaceted	ADJ
fbem-14590	95	21	.	.	PUNCT
fbem-14590	96	1	policymakers	policymaker	NOUN
fbem-14590	96	2	need	need	VERB
fbem-14590	96	3	to	to	PART
fbem-14590	96	4	adapt	adapt	VERB
fbem-14590	96	5	flexibly	flexibly	ADV
fbem-14590	96	6	to	to	ADP
fbem-14590	96	7	different	different	ADJ
fbem-14590	96	8	economic	economic	ADJ
fbem-14590	96	9	environments	environment	NOUN
fbem-14590	96	10	and	and	CCONJ
fbem-14590	96	11	take	take	VERB
fbem-14590	96	12	measures	measure	NOUN
fbem-14590	96	13	to	to	PART
fbem-14590	96	14	maintain	maintain	VERB
fbem-14590	96	15	the	the	DET
fbem-14590	96	16	stability	stability	NOUN
fbem-14590	96	17	of	of	ADP
fbem-14590	96	18	financial	financial	ADJ
fbem-14590	96	19	markets	market	NOUN
fbem-14590	96	20	in	in	ADP
fbem-14590	96	21	order	order	NOUN
fbem-14590	96	22	to	to	PART
fbem-14590	96	23	support	support	VERB
fbem-14590	96	24	sustainable	sustainable	ADJ
fbem-14590	96	25	economic	economic	ADJ
fbem-14590	96	26	growth	growth	NOUN
fbem-14590	96	27	.	.	PUNCT
fbem-14590	97	1	at	at	ADP
fbem-14590	97	2	the	the	DET
fbem-14590	97	3	same	same	ADJ
fbem-14590	97	4	time	time	NOUN
fbem-14590	97	5	,	,	PUNCT
fbem-14590	97	6	financial	financial	ADJ
fbem-14590	97	7	institutions	institution	NOUN
fbem-14590	97	8	and	and	CCONJ
fbem-14590	97	9	market	market	NOUN
fbem-14590	97	10	participants	participant	NOUN
fbem-14590	97	11	also	also	ADV
fbem-14590	97	12	need	need	VERB
fbem-14590	97	13	to	to	PART
fbem-14590	97	14	have	have	VERB
fbem-14590	97	15	the	the	DET
fbem-14590	97	16	ability	ability	NOUN
fbem-14590	97	17	of	of	ADP
fbem-14590	97	18	risk	risk	NOUN
fbem-14590	97	19	management	management	NOUN
fbem-14590	97	20	to	to	PART
fbem-14590	97	21	cope	cope	VERB
fbem-14590	97	22	with	with	ADP
fbem-14590	97	23	the	the	DET
fbem-14590	97	24	possible	possible	ADJ
fbem-14590	97	25	challenges	challenge	NOUN
fbem-14590	97	26	brought	bring	VERB
fbem-14590	97	27	by	by	ADP
fbem-14590	97	28	the	the	DET
fbem-14590	97	29	fluctuation	fluctuation	NOUN
fbem-14590	97	30	of	of	ADP
fbem-14590	97	31	leverage	leverage	NOUN
fbem-14590	97	32	ratio	ratio	NOUN
fbem-14590	97	33	.	.	PUNCT
fbem-14590	98	1	effective	effective	ADJ
fbem-14590	98	2	leverage	leverage	NOUN
fbem-14590	98	3	ratio	ratio	NOUN
fbem-14590	98	4	management	management	NOUN
fbem-14590	98	5	is	be	AUX
fbem-14590	98	6	a	a	DET
fbem-14590	98	7	key	key	ADJ
fbem-14590	98	8	link	link	NOUN
fbem-14590	98	9	to	to	PART
fbem-14590	98	10	realize	realize	VERB
fbem-14590	98	11	the	the	DET
fbem-14590	98	12	stable	stable	ADJ
fbem-14590	98	13	and	and	CCONJ
fbem-14590	98	14	sustainable	sustainable	ADJ
fbem-14590	98	15	development	development	NOUN
fbem-14590	98	16	of	of	ADP
fbem-14590	98	17	financial	financial	ADJ
fbem-14590	98	18	markets	market	NOUN
fbem-14590	98	19	and	and	CCONJ
fbem-14590	98	20	the	the	DET
fbem-14590	98	21	whole	whole	ADJ
fbem-14590	98	22	economic	economic	ADJ
fbem-14590	98	23	system	system	NOUN
fbem-14590	98	24	.	.	PUNCT
fbem-14590	99	1	references	reference	NOUN
fbem-14590	99	2	[	[	X
fbem-14590	99	3	1	1	NUM
fbem-14590	99	4	]	]	X
fbem-14590	99	5	liu	liu	PROPN
fbem-14590	99	6	zhexi	zhexi	PROPN
fbem-14590	99	7	,	,	PUNCT
fbem-14590	99	8	guo	guo	PROPN
fbem-14590	99	9	junjie	junjie	PROPN
fbem-14590	99	10	,	,	PUNCT
fbem-14590	99	11	&	&	CCONJ
fbem-14590	99	12	chen	chen	PROPN
fbem-14590	99	13	weize	weize	PROPN
fbem-14590	99	14	.	.	PUNCT
fbem-14590	100	1	(	(	PUNCT
fbem-14590	100	2	2022	2022	NUM
fbem-14590	100	3	)	)	PUNCT
fbem-14590	100	4	.	.	PUNCT
fbem-14590	101	1	study	study	NOUN
fbem-14590	101	2	on	on	ADP
fbem-14590	101	3	the	the	DET
fbem-14590	101	4	relationship	relationship	NOUN
fbem-14590	101	5	between	between	ADP
fbem-14590	101	6	economic	economic	ADJ
fbem-14590	101	7	growth	growth	NOUN
fbem-14590	101	8	and	and	CCONJ
fbem-14590	101	9	macro	macro	ADJ
fbem-14590	101	10	-	-	NOUN
fbem-14590	101	11	leverage	leverage	NOUN
fbem-14590	101	12	ratio	ratio	NOUN
fbem-14590	101	13	-	-	PUNCT
fbem-14590	101	14	a	a	DET
fbem-14590	101	15	new	new	ADJ
fbem-14590	101	16	mechanism	mechanism	NOUN
fbem-14590	101	17	of	of	ADP
fbem-14590	101	18	"	"	PUNCT
fbem-14590	101	19	debt	debt	NOUN
fbem-14590	101	20	-	-	PUNCT
fbem-14590	101	21	asset	asset	NOUN
fbem-14590	101	22	price	price	NOUN
fbem-14590	101	23	"	"	PUNCT
fbem-14590	101	24	.	.	PUNCT
fbem-14590	102	1	economic	economic	ADJ
fbem-14590	102	2	research	research	NOUN
fbem-14590	102	3	,	,	PUNCT
fbem-14590	102	4	57(10	57(10	NUM
fbem-14590	102	5	)	)	PUNCT
fbem-14590	102	6	,	,	PUNCT
fbem-14590	102	7	17	17	NUM
fbem-14590	102	8	.	.	PUNCT
fbem-14590	103	1	[	[	X
fbem-14590	103	2	2	2	NUM
fbem-14590	103	3	]	]	SYM
fbem-14590	103	4	pi	pi	PROPN
fbem-14590	103	5	jun	jun	PROPN
fbem-14590	103	6	,	,	PUNCT
fbem-14590	103	7	zhou	zhou	PROPN
fbem-14590	103	8	jianjun	jianjun	PROPN
fbem-14590	103	9	,	,	PUNCT
fbem-14590	103	10	yang	yang	PROPN
fbem-14590	103	11	shenggang	shenggang	PROPN
fbem-14590	103	12	,	,	PUNCT
fbem-14590	103	13	xing	xing	PROPN
fbem-14590	103	14	wei	wei	PROPN
fbem-14590	103	15	.	.	PUNCT
fbem-14590	104	1	(	(	PUNCT
fbem-14590	104	2	2017	2017	NUM
fbem-14590	104	3	)	)	PUNCT
fbem-14590	104	4	.	.	PUNCT
fbem-14590	105	1	the	the	DET
fbem-14590	105	2	inverted	invert	VERB
fbem-14590	105	3	u	u	ADJ
fbem-14590	105	4	-	-	ADJ
fbem-14590	105	5	shaped	shape	VERB
fbem-14590	105	6	relationship	relationship	NOUN
fbem-14590	105	7	between	between	ADP
fbem-14590	105	8	economic	economic	ADJ
fbem-14590	105	9	growth	growth	NOUN
fbem-14590	105	10	and	and	CCONJ
fbem-14590	105	11	fluctuation	fluctuation	NOUN
fbem-14590	105	12	in	in	ADP
fbem-14590	105	13	china	china	PROPN
fbem-14590	105	14	:	:	PUNCT
fbem-14590	105	15	from	from	ADP
fbem-14590	105	16	the	the	DET
fbem-14590	105	17	perspective	perspective	NOUN
fbem-14590	105	18	of	of	ADP
fbem-14590	105	19	asymmetric	asymmetric	ADJ
fbem-14590	105	20	change	change	NOUN
fbem-14590	105	21	mechanism	mechanism	NOUN
fbem-14590	105	22	of	of	ADP
fbem-14590	105	23	leverage	leverage	NOUN
fbem-14590	105	24	ratio	ratio	NOUN
fbem-14590	105	25	.	.	PUNCT
fbem-14590	106	1	china	china	PROPN
fbem-14590	106	2	soft	soft	ADJ
fbem-14590	106	3	science	science	NOUN
fbem-14590	106	4	,	,	PUNCT
fbem-14590	106	5	000(002	000(002	NUM
fbem-14590	106	6	)	)	PUNCT
fbem-14590	106	7	,	,	PUNCT
fbem-14590	106	8	132	132	NUM
fbem-14590	106	9	-	-	SYM
fbem-14590	106	10	147	147	NUM
fbem-14590	106	11	.	.	PUNCT
fbem-14590	107	1	[	[	X
fbem-14590	107	2	3	3	X
fbem-14590	107	3	]	]	X
fbem-14590	107	4	liu	liu	PROPN
fbem-14590	107	5	xiaoguang	xiaoguang	PROPN
fbem-14590	107	6	,	,	PUNCT
fbem-14590	107	7	liu	liu	PROPN
fbem-14590	107	8	yuanchun	yuanchun	PROPN
fbem-14590	107	9	,	,	PUNCT
fbem-14590	107	10	&	&	CCONJ
fbem-14590	107	11	wang	wang	PROPN
fbem-14590	107	12	jian	jian	PROPN
fbem-14590	107	13	.	.	PUNCT
fbem-14590	107	14	(	(	PUNCT
fbem-14590	107	15	2018	2018	NUM
fbem-14590	107	16	)	)	PUNCT
fbem-14590	107	17	.	.	PUNCT
fbem-14590	108	1	leverage	leverage	NOUN
fbem-14590	108	2	ratio	ratio	NOUN
fbem-14590	108	3	,	,	PUNCT
fbem-14590	108	4	economic	economic	ADJ
fbem-14590	108	5	growth	growth	NOUN
fbem-14590	108	6	and	and	CCONJ
fbem-14590	108	7	recession	recession	NOUN
fbem-14590	108	8	.	.	PUNCT
fbem-14590	109	1	china	china	PROPN
fbem-14590	109	2	social	social	PROPN
fbem-14590	109	3	sciences	sciences	PROPN
fbem-14590	109	4	(	(	PUNCT
fbem-14590	109	5	6	6	NUM
fbem-14590	109	6	)	)	PUNCT
fbem-14590	109	7	,	,	PUNCT
fbem-14590	109	8	21	21	NUM
fbem-14590	109	9	.	.	PUNCT
fbem-14590	110	1	[	[	X
fbem-14590	110	2	4	4	NUM
fbem-14590	110	3	]	]	X
fbem-14590	110	4	cheng	cheng	PROPN
fbem-14590	110	5	jinlu	jinlu	PROPN
fbem-14590	110	6	,	,	PUNCT
fbem-14590	110	7	&	&	CCONJ
fbem-14590	110	8	fang	fang	PROPN
fbem-14590	110	9	ronghui	ronghui	PROPN
fbem-14590	110	10	.	.	PUNCT
fbem-14590	111	1	(	(	PUNCT
fbem-14590	111	2	2020	2020	NUM
fbem-14590	111	3	)	)	PUNCT
fbem-14590	111	4	.	.	PUNCT
fbem-14590	112	1	study	study	NOUN
fbem-14590	112	2	on	on	ADP
fbem-14590	112	3	the	the	DET
fbem-14590	112	4	relationship	relationship	NOUN
fbem-14590	112	5	between	between	ADP
fbem-14590	112	6	the	the	DET
fbem-14590	112	7	leverage	leverage	NOUN
fbem-14590	112	8	level	level	NOUN
fbem-14590	112	9	of	of	ADP
fbem-14590	112	10	the	the	DET
fbem-14590	112	11	real	real	ADJ
fbem-14590	112	12	economy	economy	NOUN
fbem-14590	112	13	and	and	CCONJ
fbem-14590	112	14	economic	economic	ADJ
fbem-14590	112	15	growth	growth	NOUN
fbem-14590	112	16	.	.	PUNCT
fbem-14590	113	1	financial	financial	ADJ
fbem-14590	113	2	theory	theory	NOUN
fbem-14590	113	3	and	and	CCONJ
fbem-14590	113	4	practice	practice	NOUN
fbem-14590	113	5	(	(	PUNCT
fbem-14590	113	6	7	7	NUM
fbem-14590	113	7	)	)	PUNCT
fbem-14590	113	8	,	,	PUNCT
fbem-14590	113	9	9	9	NUM
fbem-14590	113	10	.	.	PUNCT
fbem-14590	114	1	[	[	X
fbem-14590	114	2	5	5	X
fbem-14590	114	3	]	]	PUNCT
fbem-14590	114	4	wang	wang	PROPN
fbem-14590	114	5	shaomei	shaomei	PROPN
fbem-14590	114	6	,	,	PUNCT
fbem-14590	114	7	yi	yi	PROPN
fbem-14590	114	8	na,&sun	na,&sun	PROPN
fbem-14590	114	9	li	li	PROPN
fbem-14590	114	10	.	.	PROPN
fbem-14590	114	11	(	(	PUNCT
fbem-14590	114	12	2019	2019	NUM
fbem-14590	114	13	)	)	PUNCT
fbem-14590	114	14	.	.	PUNCT
fbem-14590	115	1	analysis	analysis	NOUN
fbem-14590	115	2	of	of	ADP
fbem-14590	115	3	influencing	influence	VERB
fbem-14590	115	4	factors	factor	NOUN
fbem-14590	115	5	of	of	ADP
fbem-14590	115	6	china	china	PROPN
fbem-14590	115	7	's	's	PART
fbem-14590	115	8	speculative	speculative	ADJ
fbem-14590	115	9	degree	degree	NOUN
fbem-14590	115	10	and	and	CCONJ
fbem-14590	115	11	policy	policy	NOUN
fbem-14590	115	12	arrangement	arrangement	NOUN
fbem-14590	115	13	.	.	PUNCT
fbem-14590	116	1	macroeconomic	macroeconomic	ADJ
fbem-14590	116	2	research	research	NOUN
fbem-14590	116	3	(	(	PUNCT
fbem-14590	116	4	12	12	NUM
fbem-14590	116	5	)	)	PUNCT
fbem-14590	116	6	,	,	PUNCT
fbem-14590	116	7	10	10	NUM
fbem-14590	116	8	.	.	PUNCT
fbem-14590	117	1	[	[	X
fbem-14590	117	2	6	6	NUM
fbem-14590	117	3	]	]	X
fbem-14590	117	4	liu	liu	PROPN
fbem-14590	117	5	xixi,&wei	xixi,&wei	PROPN
fbem-14590	117	6	peng	peng	PROPN
fbem-14590	117	7	.	.	PUNCT
fbem-14590	118	1	(	(	PUNCT
fbem-14590	118	2	2018	2018	NUM
fbem-14590	118	3	)	)	PUNCT
fbem-14590	118	4	.	.	PUNCT
fbem-14590	119	1	leverage	leverage	NOUN
fbem-14590	119	2	ratio	ratio	NOUN
fbem-14590	119	3	,	,	PUNCT
fbem-14590	119	4	financial	financial	ADJ
fbem-14590	119	5	risk	risk	NOUN
fbem-14590	119	6	and	and	CCONJ
fbem-14590	119	7	policy	policy	NOUN
fbem-14590	119	8	choice	choice	NOUN
fbem-14590	119	9	.	.	PUNCT
fbem-14590	120	1	economic	economic	ADJ
fbem-14590	120	2	system	system	NOUN
fbem-14590	120	3	reform	reform	NOUN
fbem-14590	120	4	(	(	PUNCT
fbem-14590	120	5	1	1	NUM
fbem-14590	120	6	)	)	PUNCT
fbem-14590	120	7	,	,	PUNCT
fbem-14590	120	8	5	5	NUM
fbem-14590	120	9	.	.	NOUN
fbem-14590	120	10	35	35	NUM
fbem-14590	120	11	[	[	X
fbem-14590	120	12	7	7	X
fbem-14590	120	13	]	]	X
fbem-14590	120	14	tan	tan	PROPN
fbem-14590	120	15	xiaofen	xiaofen	PROPN
fbem-14590	120	16	,	,	PUNCT
fbem-14590	120	17	ethan	ethan	PROPN
fbem-14590	120	18	,	,	PUNCT
fbem-14590	120	19	&	&	CCONJ
fbem-14590	120	20	wang	wang	PROPN
fbem-14590	120	21	kexin	kexin	PROPN
fbem-14590	120	22	.	.	PUNCT
fbem-14590	121	1	(	(	PUNCT
fbem-14590	121	2	2019	2019	NUM
fbem-14590	121	3	)	)	PUNCT
fbem-14590	121	4	.	.	PUNCT
fbem-14590	122	1	financial	financial	ADJ
fbem-14590	122	2	structure	structure	NOUN
fbem-14590	122	3	and	and	CCONJ
fbem-14590	122	4	de	de	VERB
fbem-14590	122	5	-	-	ADJ
fbem-14590	122	6	leveraging	leveraging	NOUN
fbem-14590	122	7	of	of	ADP
fbem-14590	122	8	non	non	ADJ
fbem-14590	122	9	-	-	ADJ
fbem-14590	122	10	financial	financial	ADJ
fbem-14590	122	11	enterprises	enterprise	NOUN
fbem-14590	122	12	.	.	PUNCT
fbem-14590	123	1	china	china	PROPN
fbem-14590	123	2	industrial	industrial	ADJ
fbem-14590	123	3	economy	economy	NOUN
fbem-14590	123	4	(	(	PUNCT
fbem-14590	123	5	2	2	NUM
fbem-14590	123	6	)	)	PUNCT
fbem-14590	123	7	,	,	PUNCT
fbem-14590	123	8	19	19	NUM
fbem-14590	123	9	.	.	PUNCT
fbem-14590	124	1	[	[	X
fbem-14590	124	2	8	8	NUM
fbem-14590	124	3	]	]	X
fbem-14590	124	4	you	you	PRON
fbem-14590	124	5	yu	yu	PROPN
fbem-14590	124	6	,	,	PUNCT
fbem-14590	124	7	liu	liu	PROPN
fbem-14590	124	8	fangzheng	fangzheng	PROPN
fbem-14590	124	9	,	,	PUNCT
fbem-14590	124	10	&	&	CCONJ
fbem-14590	124	11	huang	huang	PROPN
fbem-14590	124	12	zongye	zongye	PROPN
fbem-14590	124	13	.	.	PUNCT
fbem-14590	125	1	(	(	PUNCT
fbem-14590	125	2	2022	2022	NUM
fbem-14590	125	3	)	)	PUNCT
fbem-14590	125	4	.	.	PUNCT
fbem-14590	126	1	macroprudential	macroprudential	ADJ
fbem-14590	126	2	policy	policy	NOUN
fbem-14590	126	3	and	and	CCONJ
fbem-14590	126	4	economic	economic	ADJ
fbem-14590	126	5	growth	growth	NOUN
fbem-14590	126	6	.	.	PUNCT
fbem-14590	127	1	economics	economic	NOUN
fbem-14590	127	2	trends	trend	NOUN
fbem-14590	127	3	(	(	PUNCT
fbem-14590	127	4	9	9	NUM
fbem-14590	127	5	)	)	PUNCT
fbem-14590	127	6	,	,	PUNCT
fbem-14590	127	7	20	20	NUM
fbem-14590	127	8	.	.	PUNCT
fbem-14590	128	1	[	[	X
fbem-14590	128	2	9	9	NUM
fbem-14590	128	3	]	]	PUNCT
fbem-14590	128	4	mick	mick	PROPN
fbem-14590	128	5	zhang,&xue	zhang,&xue	PROPN
fbem-14590	128	6	yuxuan	yuxuan	PROPN
fbem-14590	128	7	.	.	PUNCT
fbem-14590	129	1	(	(	PUNCT
fbem-14590	129	2	2019	2019	NUM
fbem-14590	129	3	)	)	PUNCT
fbem-14590	129	4	.	.	PUNCT
fbem-14590	130	1	internal	internal	ADJ
fbem-14590	130	2	mechanism	mechanism	NOUN
fbem-14590	130	3	of	of	ADP
fbem-14590	130	4	rising	rise	VERB
fbem-14590	130	5	leverage	leverage	NOUN
fbem-14590	130	6	ratio	ratio	NOUN
fbem-14590	130	7	-	-	PUNCT
fbem-14590	130	8	based	base	VERB
fbem-14590	130	9	on	on	ADP
fbem-14590	130	10	the	the	DET
fbem-14590	130	11	perspective	perspective	NOUN
fbem-14590	130	12	of	of	ADP
fbem-14590	130	13	economic	economic	ADJ
fbem-14590	130	14	transformation	transformation	NOUN
fbem-14590	130	15	.	.	PUNCT
fbem-14590	131	1	research	research	NOUN
fbem-14590	131	2	on	on	ADP
fbem-14590	131	3	financial	financial	ADJ
fbem-14590	131	4	development	development	NOUN
fbem-14590	131	5	(	(	PUNCT
fbem-14590	131	6	8)	8)	NUM
fbem-14590	131	7	,	,	PUNCT
fbem-14590	131	8	6	6	NUM
fbem-14590	131	9	.	.	PUNCT
fbem-14590	132	1	[	[	X
fbem-14590	132	2	10	10	NUM
fbem-14590	132	3	]	]	PUNCT
fbem-14590	132	4	youth	youth	NOUN
fbem-14590	132	5	research	research	NOUN
fbem-14590	132	6	group	group	NOUN
fbem-14590	132	7	of	of	ADP
fbem-14590	132	8	guiyang	guiyang	PROPN
fbem-14590	132	9	central	central	PROPN
fbem-14590	132	10	sub	sub	PROPN
fbem-14590	132	11	-	-	NOUN
fbem-14590	132	12	branch	branch	NOUN
fbem-14590	132	13	of	of	ADP
fbem-14590	132	14	the	the	DET
fbem-14590	132	15	people	people	NOUN
fbem-14590	132	16	's	's	PART
fbem-14590	132	17	bank	bank	PROPN
fbem-14590	132	18	of	of	ADP
fbem-14590	132	19	china	china	PROPN
fbem-14590	132	20	.	.	PUNCT
fbem-14590	133	1	(	(	PUNCT
fbem-14590	133	2	2020	2020	NUM
fbem-14590	133	3	)	)	PUNCT
fbem-14590	133	4	.	.	PUNCT
fbem-14590	134	1	structural	structural	ADJ
fbem-14590	134	2	differences	difference	NOUN
fbem-14590	134	3	and	and	CCONJ
fbem-14590	134	4	time	time	NOUN
fbem-14590	134	5	-	-	PUNCT
fbem-14590	134	6	varying	vary	VERB
fbem-14590	134	7	characteristics	characteristic	NOUN
fbem-14590	134	8	of	of	ADP
fbem-14590	134	9	the	the	DET
fbem-14590	134	10	impact	impact	NOUN
fbem-14590	134	11	of	of	ADP
fbem-14590	134	12	leverage	leverage	NOUN
fbem-14590	134	13	on	on	ADP
fbem-14590	134	14	economic	economic	ADJ
fbem-14590	134	15	growth	growth	NOUN
fbem-14590	134	16	—	—	PUNCT
fbem-14590	134	17	—	—	PUNCT
fbem-14590	134	18	based	base	VERB
fbem-14590	134	19	on	on	ADP
fbem-14590	134	20	the	the	DET
fbem-14590	134	21	country	country	NOUN
fbem-14590	134	22	comparative	comparative	ADJ
fbem-14590	134	23	study	study	NOUN
fbem-14590	134	24	of	of	ADP
fbem-14590	134	25	residents	resident	NOUN
fbem-14590	134	26	,	,	PUNCT
fbem-14590	134	27	governments	government	NOUN
fbem-14590	134	28	and	and	CCONJ
fbem-14590	134	29	enterprises	enterprise	NOUN
fbem-14590	134	30	.	.	PUNCT
fbem-14590	135	1	financial	financial	ADJ
fbem-14590	135	2	theory	theory	NOUN
fbem-14590	135	3	and	and	CCONJ
fbem-14590	135	4	practice	practice	NOUN
fbem-14590	135	5	(	(	PUNCT
fbem-14590	135	6	9	9	NUM
fbem-14590	135	7	)	)	PUNCT
fbem-14590	135	8	,	,	PUNCT
fbem-14590	135	9	9	9	NUM
fbem-14590	135	10	.	.	PUNCT