In this article, we study the effects of geopolitical risks and world uncertainty on time-varying fiscal and external sustainability coefficients. We use Schlicht's (2021) methodology to estimate time-varying fiscal and external sustainability coefficients for the EU for 27 economies between...

The BRI initiative presents a colossal opportunity for landlocked Kazakhstan to become a central logistics hub. However, this prospect is overshadowed by geopolitical risks that have escalated since the beginning of 2022. The Ukrainian crisis increased geopolitical tensions on the Eurasian...

This study captures the new context of contemporary tourism activity developing within the emergence of geopolitical risks. Tourism, an expression of freedom, has become more and more conditioned by geopolitics, thus by power manifestation in the sense of freedom being limited. Therefore, this...

We investigate the impacts of geopolitical risks (GPRs) on financial stress (FS) in major emerging economies from 1985 to 2019. Applying a recently developed panel quantile estimation method, we show that GPRs pose serious risks to the stability of the financial condition in emerging economies....