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Editors' introduction -- Financial crises, globalization and the new world order -- Financial crises and government … regulations / Gary Moon Cheung Shiu and Kin-Ming Wong -- China and the world economic order / Wai Kee Yuen and Joe Fuk Kin Wong …, environmental protection and sustainable development / Rita Yi Man Li -- Towards a better world though cooperation -- Reducing world …
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We study the impact of debtor distress during a financial crisis on support for a populist far-right party. Our empirical approach exploits variation in exposure to foreign currency household loans during a currency crisis in Hungary. Foreign currency debt exposure leads to a large and...
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While there is an extensive literature examining the economic impact of conflict and political instability, surprisingly there have been few studies on their impact on the probability of banking crises. This paper therefore investigates whether rising conflict and political instability globally...
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How should sovereign bailouts take account of the effects bailouts have on policy reforms? Conflicted recipient governments complicate bailout choices because some reforms that spur growth reduce rents that benefit government decision makers. Our model takes account of whether bailout generosity...
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