We assess the quantitative relevance of expectations-driven sovereign debt crises, focusing on Southern European crisis early 2010’s and Argentine default 2001. The source multiplicity is one in Calvo (1988). Key for an output process featuring long periods either high growth or stagnation that we estimate using data those countries. find crises are quantitatively relevant but state dependent, ...

A bank panic is an expectation-driven redemption event that results in a self-fulfilling prophecy of losses on demand deposits. From the standpoint of theory in the tradition of Diamond and Dybvig (1983) and Green and Lin (2003), it is surprisingly diffi cult to generate bank panic equilibria if one allows for a plausible degree of contractual flexibility. A common assumption employed in the st...

who married the fertility goddess Cybele, became king of Phrygia. He then dedicated his chariot to Zeus in the city Gordium and fastened it to a column with a large, complicated knot that became known as the Gordian knot. An oracle predicted that the future king of Asia would be the only person who could disentangle this knot. Many individuals who traveled to Gordium attempted to untie the knot...

My colleague Kenneth A. Strand and I have published previously in A USS two studies on the literary form of Rev 18.' In those two studies, that chapter was found to be a discrete literary unit consisting of seven hymns of judgment upon the impure woman of the prophecy, called "Babylon the Great." These seven hymns are distributed in chiastic order according to both their form (Shea) and their t...

Standards expected by doctors' regulatory bodies in respect of the process of consent to treatment have arguably sought to restructure the nature of the doctor-patient relationship from one of the paternalism to that of shared decision-making. Yet, few studies have explored empirically, from patients' perspectives, the extent to which the process of consent to treatment enables or disables pati...

Abstract Different translations of Plutarch's De Pythiae oraculis 404B reflect an interpretative difficulty not yet adequately thematized by exegetes. dialogues on the Delphic oracle describe two perspectives mantic inspiration: possession prophecy, where god takes over prophetess as a passive apparatus, and stimulation incites but delivers through her own faculties. Plutarch understands Pythia...

I investigated interpersonal defense theory, an interpersonal reconceptualization of defense processes, using the theory-building case study approach. Close examination of patient-therapist interaction during a psychotherapy session provided support for tenets of the theory. The analyses of the clinical material also elucidate some of the key concepts of interpersonal defense theory. Those conc...