Japan s Political Tremors

It's just beginning to get exciting.

Financial Gain, Economic Pain

These shocks were naturally beyond the ECB s control.

It is the shock, not the adjustments to it, that spreads throughout the system.

The shock made her halfmad.

Consequently, external shocks quickly expose their vulnerability.

The shock rendered Tom speechless.

And each one of these forces split the world, tore the world apart, divided the world.

Globalization exposes a country to enormous shocks.

Third, financial shocks will be worse than expected. At some point, investors will realize that bank losses are massive, and that some banks are insolvent.

Third, more severe climate shocks may lie ahead.

Third, financial shocks will be worse than expected.

Sooner or later, she'll get over the shock.

Adjustment, support to trade and trade related shocks

Many countries are plagued by severe economic slumps or by political upheaval.

And it seems this is another rock coming down there, you know.

Instead, emerging markets are suffering financial convulsions of possibly historic proportions.

Why should this historic event cause such political upheaval?

Elsewhere, of course, this sort of turmoil has democratic safety valves.

When Obama discussed the Arab political upheavals, he noted the importance of economic development.

When shocks to the system occur, agents do not know what will happen next.

Nor does time cushion anemic post crisis recoveries from the inevitable next shock.

Sergius apologizes and explains that it is the result of a great shock he once experienced.

Their predominant causes can be largely ascribed to the upheavals of transition.

Today, the revolutions rocking much of the Muslim world are bedeviled by Islam s military past.

Animal spirits are not always shattered by extraordinary economic events. But then, not all economic convulsions are alike.

European experience suggests that large scale systemic shocks call for greater financial support.

For those few the changes that had taken place in the eastern part of Europe had caused huge disruption.

It also includes creating the regulatory and institutional framework that markets require to function well, providing necessary public goods and guaranteeing the fairness of rules.

External shocks brought about by climate change will directly affect advanced economies.

Big bangs in institutional reform, however, may generate more harm than good.

Witness the upheaval in North Africa and the Middle East.

Both factors severely limited flexibility and responsiveness to external shocks.

Here, and especially in Bosnia, the upheaval has turned into a tragedy of unprecedented proportions.

So not only is it is it creating all these stresses, it appears to be a corporate land grab.

Moreover, the convulsions in Iraq may well have incalculable repercussions throughout the Middle East.

Consider the regional and even global turmoil over Kosovo, South Sudan, Kurdistan, and Crimea.

Poor people tend to be more exposed to threats and are less able to absorb the shocks inherent in disasters.

Unless and until widespread family planning and modern contraceptive services are established, expanding populations in the Horn of Africa will crash against a harsher future climate.

Unlike 1929, there were (and are) no obvious macroeconomic answers to financial distress.

Moreover, external shocks, policy mistakes, and political instability could disrupt even the best laid plans.

Third, the region is already living in extreme poverty, so adverse shocks push it toward calamity.

It is this turmoil that has enabled ISIS to capture and defend territory in Syria, Iraq, and parts of North Africa.

The reforms introduced by Augustus during his long reign stabilized the empire after the turmoil of the previous century's civil wars.