National Minorities and Global Crises

Portfolio Manager Behavior and Global Financial Crises

I develop a two market agent-based model to study how global portfolio managers affect global financial crises and stability. The Markowitz model is extended by incorporating several insights from behavioral finance. Simulation results of an agent-based version of the Markowitz model reveal that global financial crises do not occur when global managers are added to the model. However, when risk...

Global drug prohibition: its uses and crises

In the 20th century, political leaders and governments throughout the world supported drug prohibition and constructed a global drug prohibition system. They did so because of the influence of the USA and its allies and the UN. This article suggests they also did so because drug prohibition, drug demonisation and anti-drug campaigns were very useful*/especially to politicians, the police, the m...

The forgotten issue? Eastward enlargement and national minorities

1 European Union (EU) enlargement in Eastern Europe faces many challenges. Among them are the unresolved issue of national and ethnic minorities within the states that are slated to join EU institutions in the near future. When we think about issues of minorities in the European context, we imagine it to be a very important question for all member states, as well as for those in relation with t...

Global health response to crises needs reform.

The Dynamics of Global Financial Crises

This paper presents a Markov chain model of the transmission of financial crises. Using bilateral trade data and a measure of exchange market pressure, a method to determine a set of transition probabilities that describes the crisis transmission dynamics is developed. The dynamics are characterized by one-month conditional crisis probabilities and the probability of a crisis occurring within o...