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The John S. Osterweis Professor of Finance
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Arvind Krishnamurthy is John S. Osterweis Professor of Finance at the Stanford Graduate School of Business and a Research Associate at the National Bureau of Economic Research (NBER). He formerly taught at the Kellogg School of Management (1998-2014).

Professor Krishnamurthy studies finance, macroeconomics and monetary policy. He has studied the causes and consequences of liquidity crises in emerging markets and developed economies, and the role of government policy in stabilizing crises. Recently he has been examining the importance of U.S. Treasury bonds and the dollar in the international monetary system. He has published numerous journal articles and received awards for his research, including the Smith Breeden Prize for best paper published in the Journal of Finance, the Western Finance Association Corporate Finance Award, and the Swiss Finance Institute’s Outstanding Paper Award. Professor Krishnamurthy’s research on financial crises and monetary policy has received national media coverage and been cited by central banks around the world. He was formerly an associate editor at the Journal of Finance and the American Economics Journals-Macroeconomics, and is currently associate editor at the American Economic Review. He did his undergraduate studies at the University of Pennsylvania and his doctoral work at the Massachusetts Institute of Technology.

Affiliated faculty of The Europe Center
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Despite recent studies on leadership, the discipline of International Relations is still reluctant to engage in studies of individual agency in the international structure. Two prominent examples are the leader of the Catholic Church, the pope, and the United Nations (UN) Secretary-General (UNSG). Neither of them is a leader in control of considerable hard power, yet both exemplify the puzzle of how institutions, individuals, and moral authority relate in leadership. I argue that it is a combination of individuals in institutions that leads to unexpected and unintended effects such as the evolution of the papacy and the UNSG as instances of moral authorities. While pointing out their potential for moral leadership, this article presents a conceptual framework of how to perceive the Pope and the UNSG in world politics. The article unfolds in three sections: in the first, I look at the potential of comparing the two positions in terms of moral leadership and their emphasis of the common good. In a literature review, I then outline the current state of the literature on the two positions and what it misses. The remainder of the paper proposes a conceptual framework on how the two positions fit into the current literature and what promising future research for International Relations it conceals.

 

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The Review of Faith & International Affairs
Authors
Jodok Troy
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Targeted killing by drones is a systemic driven instrumental practice that overrides societal non-instrumental practices that are essential for international society. Doing so, targeted killing by drones is not simply another form of inflicting violence by technical means to political opponents. It also inflicts the agents applying this practice, tempting them to frame it as a permissible measure to preserve international society. The reliance on drones for targeted killing is a pursuit of non-societal practices that seek individual and retributive justice and anticipatory and preventive self-defence by means of force relying on technological advantage. Eventually, this practice permits military tactics to steer political strategy, mitigating standards and practices agreed on in international society’s norms, rules of conduct, and institutions.

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International Politics
Authors
Jodok Troy
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In this article, I argue that there is a startling resonance between Hans Morgenthau’s conception of the political and power and recent analyses of an urbanizing international realm. By making this connection clear, I depart from a mechanistic understanding of politics, which tends to inform both conventional International Relations views and some claims in urban studies pertaining to the rise of global cities as international actors. Turning to Morgenthau’s conception of the political and power also has wider implications for International Relations studies of urbanization: it helps explain a tendency toward depoliticization caused by ignoring the conflictual character of the political. The emphasis on the political, on the other hand, serves as a bridge between International Relations and urbanization studies by creating conditions for the repoliticization of urban space. After illustrating the existential manifestation of the political and its violent outfalls, the remainder of this article turns to its relational and dialogical manifestation that points out the shortcomings of reading the political merely as an existential concept in the context of urbanization.

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Alternatives: Global, Local, Political
Authors
Jodok Troy
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The unconventional nature of Holy See diplomats rests in the composite character of their ecclesiastical role as the Pope’s representatives and their legal diplomatic status and commencement to ordinary diplomatic practice. Holy See diplomacy is a form of conduct created by a set of mixed secular and religious standards in which agents are guided by practices. I locate this argument within a classical English School and a conventional understanding of practice, diplomacy, and agency while incorporating understandings of the diplomat as a stranger. The article situates a Holy See diplomat’s mode of agency as a hybrid one by nature, located at the intersections of political and religious modes of agency and substantial and relational conceptions of international politics. I probe this conceptual framework of hybrid agency by analysing episodes involving papal diplomats in turmoil-ridden historical episodes, and correspondence with informed agents.

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The British Journal of Politics and International Relations
Authors
Jodok Troy
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Soon after Raphael Lemkin coined the term “genocide” in Axis Rule in Occupied Europe in 1944, he began working on a world history of genocide to popularize his neologism. Correspondence with funding organizations and publishers shows that he was soliciting interest in a book on the subject as early as 1947 and that he had produced substantial draft chapters by the following year. Before his death in 1959, he had almost completed the book on genocide in world history but, in marked contrast to the present, publishers were uninterested in the project, which was neither completed nor published. Both Lemkin and his approach were forgotten until the 1980s, when a small group of social scientists founded a marginal field called comparative genocide studies.

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Journal of Genocide Research
Authors
Norman M. Naimark
Number
1
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Multiplicative interaction models are widely used in social science to examine whether the relationship between an outcome and an independent variable changes with a moderating variable. Current empirical practice tends to overlook two important problems. First, these models assume a linear interaction effect that changes at a constant rate with the moderator. Second, estimates of the conditional effects of the independent variable can be misleading if there is a lack of common support of the moderator. Replicating 46 interaction effects from 22 recent publications in five top political science journals, we find that these core assumptions often fail in practice, suggesting that a large portion of findings across all political science subfields based on interaction models are modeling artifacts or are at best highly model dependent. We propose a checklist of simple diagnostics to assess the validity of these assumptions and offer flexible estimation strategies that allow for nonlinear interaction effects and safeguard against excessive extrapolation. These statistical routines are available in both R and STATA.

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Working Papers
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SSRN
Authors
Jens Hainmueller
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Voltaire's Letters Concerning the English Nation (Lettres philosophiques) have left the indelible impression that the French philosophe was fundamentally marked by his exposure to English thought in the late 1720s. On the map of his epistolary correspondence, however, England is hardly to be found. What are we to make of this discrepancy? In this article, we demonstrate that the missing letters to England are unlikely to be the result of a data glitch, but rather reflect a lack of interest in contemporary English matters. The only England that Voltaire seems to have cared about lay in the past, during the reign of Charles II. Moreover, this period of English history was (in his view) intrinsically French, given the English monarch's close ties to Versailles. Voltaire's limited admiration of English thought, accordingly, formed part of his broader philosophy of history, which was centered at the court of Louis XIV.

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Modern Intellectual History
Authors
Dan Edelstein
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How does religious nationalism arise? Poland and the Philippines represent two striking examples of religious and national identities becoming practically coterminous. Yet these two Catholic nations traveled different historical paths towards a tight fusion of religion and nation. In Poland, the church defended the nation in dramatic struggles against a strong and secularizing state. This fused religious and national identities, endowing the church with unrivaled moral authority. In the Philippines, the church historically substituted for a much weaker state by serving the nation both symbolically and materially in ways that secular authorities never matched. Our comparative-historical analysis thus demonstrates that similar religious nationalisms can arise via distinct political pathways: through struggle against an interventionist state and by substituting for an ineffective state.

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Journal Articles
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Comparative Politics
Authors
Anna Grzymała-Busse
Number
50:4
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