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What determines the direction of spread of currency crises? We examine data on waves of currency crises in 1992, 1994, 1997, and 1998 to evaluate several hypotheses on the determinants of contagion. We simultaneously consider trade competition, financial links, and institutional similarity to...
Persistent link: https://www.econbiz.de/10009440395
In this paper we estimate a time-series model of the financial asset portfolio shares in Egypt, distinguishing between assets of varying degrees of liquidity and between domestic currency and foreign currency deposits. While financial liberalization and financial stability are found to have...
Persistent link: https://www.econbiz.de/10005442842
We explore the factors explaining cross-sectional variation in changes in international tourist arrivals into Israel during the Intifada. Much of the variation is attributable to identifiable socio-economic characteristics, providing evidence on what drives public sensitivity to violence around...
Persistent link: https://www.econbiz.de/10005468216
Persistent link: https://www.econbiz.de/10004977163
The international community has a declared intention to protect civilians from deliberate violence in civil conflicts. The optimal type of foreign intervention and its optimal timing are likely to depend on the combat strategies of the belligerents. Weak belligerents unable to provide economic...
Persistent link: https://www.econbiz.de/10011134573
The literature on war economies argues that prolonged civil wars have an economic logic: certain groups may obtain material gains from committing acts of violence and hence resist peacebuilding efforts. Objective tests of these predictions have so far been limited, as corruption and conflict...
Persistent link: https://www.econbiz.de/10011134690
The authors analyse newly collected time-series data measuring the dimensions of violent political conflict in Egypt. Attention is focused on the interaction between politically motivated attacks by Islamists and the counter-insurgency measures used by the Egyptian government. Both insurgency...
Persistent link: https://www.econbiz.de/10011134806
Somali piracy is often described as a form of organized crime, with pirates providing their own security. Such an approach fails to distinguish between different actors within modern piracy and leads to policies focusing on deterring pirate recruits. Drawing on Protection Theory developed for...
Persistent link: https://www.econbiz.de/10010818196
Ransoms paid to Somali pirates are drifting upward and negotiation times are increasing, yet there is huge variation in bargaining outcomes across shipowners. We use a unique dataset of 179 Somali hijackings, and an underlying theoretical model of the bargaining process based on detailed...
Persistent link: https://www.econbiz.de/10010896083
This paper evaluates the effectiveness of the international naval mission in the Gulf of Aden from 2008 to 2010, both in terms of its counter-piracy and its counter-terrorism objectives. We draw on arguments developed in the literature of terrorism and law and economics, detailed statistical...
Persistent link: https://www.econbiz.de/10011056302