Military Coercion in Interstate Crises

Military involvement in refugee crises: a positive evolution?

U.S. Military Spending in the Cold War Era: Opportunity Costs, Foreign Crises, and Domestic Constraints

Anyone who has studied elementary economics has encountered the idea that a society's output may be either "guns" or "butter" and that, once all resources are employed, having more of one entails having less of the other. This categorization of output is only a metaphor to make more concrete the concepts of production possibility and opportunity cost. I propose, however, to take the categorizat...

Interinstitutional and interstate teleneuropathology

BACKGROUND Telemedicine has emerged as an efficient means of distributing professional medical expertise over a broad geographic area with few limitations to the various services that can be provided around the globe. Telepathology is particularly well suited to distributing subspecialty expertise in certain environments in an economical fashion, while preserving centers of excellence. MATERI...

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...

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...