The paper develops a Kaleckian macroeconomic model which discusses the conditions that may lead to an external debt crisis in a small developing economy fully integrated to global goods and financial markets. The focus is on how policy rules affect the stability of the economy. Two kinds of...

The paper develops a Post Keynesian macroeconomic model which discusses the conditions that lead to an external debt crisis in a small developing economy fully integrated to global goods and financial markets. The focus is on how policy rules affect the stability of the economy. Two kinds of...

Spatially extended dynamical systems subjected to a periodic external input are able to store short-term memories as a result of self-organization. This phenomenon has been used to interpret sliding charge density wave experiments, and has been found in lattices of coupled maps and oscillators....

We investigate the emergence of mode locking, or frequency synchronization, in a chain of coupled sine-circle maps with randomly distributed parameters, and exhibiting the small-world property. The coupling prescription we adopt considers the nearest and next-to-the-nearest neighbors of a given...