The world has endured a deep financial crisis and a great recession. Emerging markets are performing much better than they have in the past, especially in Latin America. The huge difference between the recent crisis and previous ones in emerging economies is that this time ‘it was not our fault’. The evidence from the emerging countries facing this unprecedented global downturn indicates that p...

Policy Design is defined to be a new area of inquiry that takes the methods of design into the world of social, economic and environmental policy. Policy exists at many levels and it is increasingly recognized that policies applied to one system may impact on policies applied to other systems. The European Commission suggest a ‘science of global systems’ to improve the way that science can help...

How do economic fundamentals, policy preferences, and market information shape optimal policy and devaluation outcomes during speculative currency crises? We address these questions in a global-game model where speculators lack common knowledge regarding the policy maker’s commitment to defending the currency. While previous work has shown that the signaling role of preemptive policy measures s...

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.

In spite of the enormous effort made by the Boston group, the findings were few. The high rate of dropouts and refusals to be assessed raise serious questions. One significant point that should be raised is that there was no difference in the use of medication between the treatments, and there should have been to foster underlying change with expressive psychotherapy. Also, treatment was not at...

We investigate the indestructibility properties of strongly compact cardinals in universes where strong compactness suffers from identity crisis. We construct an iterative poset that can be used to establish Kimchi-Magidor theorem from [22], i.e., that the first n strongly compact cardinals can be the first n measurable cardinals. As an application, we show that the first n strongly compact car...

This paper investigates the existing problems (blind areas and flaws) of the most recent four rounds of administrative reform in China. Next, the paper examines the understanding of administrative reform under the conventional State-center paradigm and associated crises. An alternative outlet for Chinese administrative reform from the perspective of paradigm transformation is also proposed. In ...

The economic literature emphasised the role of strategic complementarities in generating banking crises and currency crises. Motivated by evidence from recent financial crises, we study a model, where strategic complementarities exist, not only within a group of creditors or within a group of currency speculators, but also between the two groups. The additional type of complementarities generat...

Financial liberalization has led to financial deepening and higher growth in several countries. However, it has also led to a greater incidence of financial crises. Here, we review the empirical evidence on these dual effects of financial liberalization across different groups of countries. We then present a conceptual framework that explains why there is a trade-off between growth and incidenc...

Deep downturns • The world has been plagued by episodic deep downturns • 2008 crisis most recent • In spite of alleged " better " knowledge of economic system, and belief among many that we had put economic fluctuations behind us • Evidence is belief in those models may have contributed to crisis • Ideas about Great Moderation, ability of economy through diversification to effectively eliminate...