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Monetary shocks: A natural experiment

The Economist has a recent article discussing a fascinating natural experiment: History does nevertheless throw up “natural” experiments. In an earlier paper, Mr Brzezinski, Mr Palma and two co-authors exploited one source of variation in the money supply of early modern Spain: disasters at sea. Ships carrying treasure to Spain from the Americas would sometimes […]

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North Korean troops prepare for combat to support Russia in Ukraine war: ‘Grave security threat’

North Korea has sent 1,500 special forces troops to Russia's Far East for training with plans to deploy them in Ukraine, South Korea's spy agency said Friday. The troops, transported to Vladivostok from Oct. 8 to 13, have received Russian military uniforms, weapons, and fake Russian IDs, South Korea's National Intelligence Service (NIS) said. Earlier, South...

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