This is part of the first part of a book I started writing in the year 2008 under the title of Sad Trilogy: The Crisis of a Nation. In this part it is narrating the Sudan under the Inqaz regime, specially before and after the Darfur region crisis and civil wars, the rage of the international...

In Mexico, antisocial behavior affects and concerns the population. This behavior has produced a vicious circle involving a high rate of criminality. This, in turn discourages investment, and reduces economic growth, it causes unemployment and increases poverty and economic inequality. Official...

In this paper, we investigate the impact of the ongoing conflict between Ukraine and Russia on systemic risk in financial markets. Using daily systemic risk data from 28 countries between December 2021 and April 2022, we highlight strong financial stress since the invasion of Ukraine by Russia....

In our paper, we provide a review of the literature to identify the main transmission channels through which geopolitical risks (GPR) influence m a cro-financial st ab ility. We be gi n by analyzing the existing measures of geopolitical tensions and uncertainty, showing that GPR impacts economic...

One explanation for the poor performance of regulation in the recent financial crisis is that regulators had been captured by the financial sector. We present a micro-founded model with rational agents in which banks may capture regulators due to their high degree of sophistication. Banks can...