The government of Nicaragua has worked toward adopting the necessary economic measures to put the country’s economy on the course of fiscal sustainability and those that guarantee transparent and austere management, not affecting the most vulnerable population. The government has managed...

Student learning can be raised by school autonomy and parental participation through separate channels, but this paper suggests a mutually supportive effect. Increased school autonomy increases the rent that can be distributed among stakeholders at the school, while institutions for parental...

El Proyecto Educativo Nacional y el Plan Nacional de Educación para Todos señalan que las políticas de calidad y equidad deben ser prioritarias. El planteamiento de esas políticas es respaldado por diversos diagnósticos que muestran tanto los bajos rendimientos estudiantiles, como la...

This paper extends the examination of the effects of exchange rate risk on the foreign direct investment decision of U.S. multinationals in manufacturing. It does so by explicitly developing a model which incorporates exchange rate risk into the objective function of the firm and tests the model...