The Russia-Ukraine military conflict, commencing on February 24, 2022, notably impacted the international community. This study aims to quantify the volatility engendered by the conflict, drawing from the analysis of stock market indices across 40 countries. Time-series returns data from January...

While significant attention has been dedicated to sanctions episodes among major economies which usually rely on a diverse set of trade partners, little is known about the impact of sanctions imposed by senders on economies highly dependent on them. Using Ukrainian export data for 2009-2019 at...

Why have anti-corruption efforts often failed? Current thinking on corruption has largely overlooked the profound implications of its contested nature, which paradoxically makes it an effective yet highly dysfunctional 'tool of government.' As a tool of government, it helps execute policies and...