The aim of this paper is to identify which factors explain why some countries are more prone to enjoy long durations of stability, while others experience crises in shorter intervals. To this end, we analyze the duration of stability periods between currency, debt, and banking crises from 1980 to 2008. We find that durations of tranquility between currency and debt crises are bimodally distribu...

The International Health Regulations (IHR) 2005, as the overarching instrument for global health security, are designed to prevent and cope with major international public health threats. But poor implementation in countries hampers their effectiveness. In the wake of a number of major international health crises, such as the 2014 Ebola and 2016 Zika outbreaks, and the findings of a number of h...

The result of long-term environmental and human interaction is a variety of potential human responses to major natural crises: population aggregation or dispersal, changes in economic strategies and landuse patterns, restructuring of social organization, increase in the incidence of con ict and warfare, and, in some instances, urban abandonment and cultural collapse. In the context of pre-indu...

Red cell enzyme deficiency disease states are reviewed to outline the requirements for transfusion therapy in the neonatal period, during spontaneous crises, drug or infection-induced crises and chronic anemia.

This paper proposes a macroeconomic model with financial intermediaries (banks), in which banks face occasionally binding leverage constraints and may endogenously affect the strength of their balance sheets by issuing new equity. The model can account for occasional financial crises as a result of the nonlinearity induced by the constraint. Banks’ precautionary equity issuance makes financial ...

There is a recurrent discourse about the fragmentation of psychology and its crises as a science, which often leads to a disenchanted view about its future. To this discourse we oppose a developmental one, in which crises can be occasions for development, and in which development might imply differentiation. We first review why psychology can be said to be in crisis. We then situate the crisis ...

This paper studies the influence of bank market concentration, regulation, and institutions on the real effects of 68 systemic banking crises in 54 countries over the 1980-2000 period. We find that less stringent restrictions on non-traditional bank activities and on the mixing of banking and commerce have a negative effect on economic growth during normal periods but mitigate the negative effe...

We study optimal macroprudential policy in a model in which unconventional shocks, in the form of news about future fundamentals and regime changes in world interest rates, interact with collateral constraints in driving the dynamics of financial crises. These shocks strengthen incentives to borrow in good times (i.e. when “good news” about future fundamentals coincide with a low-world-interest...

The economic effects of tourism industry during periods crisis, such as the COVID-19 pandemic, have received significant attention in recent years. future is likely to pose a range new challenges and opportunities sustainable tourism. This paper employs Markov-switching vector autoregressions (MSVAR) model investigate sustainability tourism’s Hong Kong, both crisis absence crises. empirical res...

Financial crises in countries are often accompanied by an out‡ow of foreign portfolio investment and an in‡ow of foreign direct investment (FDI). We provide an agency-theoretic framework that explains this phenomenon. During crises, agency problems a¤ecting domestic …rms are exacerbated, and, in turn, external …nancing constrained. Direct ownership can circumvent these problems, but during cris...