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...

Analysis of cross-sectional data on tourism to Israel during the Intifada period reveals some of the factors driving the behaviour of tourists from different countries. A large part of the heterogeneity in the observed response of different nationalities can be explained by socio-economic...

Political economy theories of financial development argue that in countries where a narrow elite controls political decisions, financial development may be deliberately obstructed to deny access to finance to potential competitors. This paper empirically examines whether the level of...

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...

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...

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...

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...

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...