Modernism—Borders and Crises

Financial Crises and Political Crises∗

The simultaneous determination of financial default and political crises is studied in an open economy model. Political crises accompany default in equilibrium because of an information transmission conflict between the government and the public. Multiple equilibria are possible: if foreign lenders are pessimistic about the country’s stability, they demand a high interest on the debt, exacerbat...

Appendix to "Financial Crises and Political Crises"

PBE Type i: Neither default nor political crisis If V ≤ χL, the costs of default are always larger than the costs of servicing the debt even for the benevolent government. Then in equilibrium, the government proposes to service the debt, which is accepted by the representative agent. Hence the debt is repaid and political crisis is avoided. Neither the benevolent government nor the self interes...

Geopolitical Changes and Crises in The Caucasus

The Caucasus has seen numerous crises since the region gained independence following the collapse of the Soviet Union. Some of these crises have not been resolved yet as evidenced by recent Russia-Georgia conflict. This paper seeks to analyze such crises within the framework of significant geopolitical changes unfolded by the collapse of the Soviet Union. The author argues that in the post-Sovi...

Serum vitamin D level and hypertensive crises

Introduction :Vitamin D deficiency is associated with hypertension; however, there is no study on the relationship between vitamin D deficiency and hypertensive crises. This study aimed to determine the relationship between serum vitamin D levels and hypertensive crises. Materials and Methods: This descriptive-analytical, cross-sectional study was conducted on 120 individuals in Shafa Hospital ...

Crises, and Output Losses