We derive new tests for proper calibration of multivariate density forecasts based on Rosenblatt probability integral transforms. These tests have the advantage that they i) do not depend on the ordering of variables in the forecasting model, ii) are applicable to densities of arbitrary...

Political leaders value public demonstrations of support from foreign leaders and frequently make concessions in order to obtain them. We model the bargaining dynamics surrounding these exchanges and their impact on the recipient leader's political survival, with a focus on top-level diplomatic...

The Economic and Military bilateral relation between Pakistan-China bilateral relations have been given more importance since president Musharraf assumed powers in 1999 and its going smooth also in Zardari’s regime. The Chinese government always responded positively by show their state to do...

The chapter discusses Russia’s role in regional integration processes in Central Eurasia, focusing on the Eurasian Economic Union (EAEU) in particular. It starts by juxtaposing realist and liberal interpretations of regional economic integration of the former Soviet states. It then proposes...

The recent global financial crisis has highlighted the importance of international monetary and financial system reform. The current system is deemed to be no longer adequate to meet the needs of a complex, integrated world economy. With regards to the reform of the international monetary...

In an interconnected world, economic and political interests inevitably reach beyond national borders. Since policy choices generate external economic and political costs, foreign state and non-state actors have an interest in inflencing policy actions in other sovereign countries to their...

COVID-19 is provoking a major reorientation of American and European foreign policy. At the heart of this is their changing relationship with China. The pandemic has given rise to fears of a new Cold War, which are based on out-of-date assumptions and a misunderstanding of China’s motivations....

The Economic and Military bilateral relation between Pakistan-China bilateral relations have been given more importance since president Musharraf assumed powers in 1999 and its going smooth also in Zardari's regime. The Chinese government always responded positively by show their state to do...

The paper examines ASEAN's political and security challenges and prospects in the coming two decades. The challenges facing ASEAN could be classified into six broad categories: (1) the shifting balance of power in the Asia Pacific; (2) the persistence of intra-ASEAN territorial conflicts; (3) the...