منابع مشابه
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...
متن کاملAppendix 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...
متن کاملOculogyric Crises
BACKGROUND Oculogyric crises are involuntary movements of the eyeballs and can occur due to different etiologies. PHENOMENOLOGY SHOWN This video abstract shows a man with oculogyric crises due to side effect of neuroleptics. EDUCATIONAL VALUE Oculogyric crises are easy to recognize if once seen.
متن کاملCollateral Crises⇤
Short-term collateralized debt, private money, is efficient if agents are willing to lend without producing costly information about the collateral backing the debt. When the economy relies on such informationally-insensitive debt, firms with low quality collateral can borrow, generating a credit boom and an increase in output. Financial fragility is endogenous; it builds up over time as inform...
متن کاملVisceral Lcishmaniasis
Five cases of visceral leishmaniasis are reported. The youngest patient was one year old and the eldest 8 years. All belonged to low-income families and their growth and development caracteristics were below standard. Diagnosis was confirmed in 4 cases through bone marrow aspiration and in one case by raised serum antibody titer prior to treatment and dramatic response to specific treatment. He...
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ژورنال
عنوان ژورنال: BMJ
سال: 1922
ISSN: 0959-8138,1468-5833
DOI: 10.1136/bmj.2.3209.13