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This paper undertakes the issue of portfolio insurance from the perspective of a risk-averse agent requiring his financial wealth to grow at a floored rate in excess of an equity benchmark. The suggested solution is a generalization of the CPPI approach within a two-equity asset framework. The...
Persistent link: https://www.econbiz.de/10010891142
Schwartz and Hayward offer an alternative analysis of air pollution levels, trends, and prospects in metropolitan areas across the United States.
Persistent link: https://www.econbiz.de/10011273223
Claims that air pollution will increase are not only false, but the exact opposite of what will actually happen.
Persistent link: https://www.econbiz.de/10011273237
, governance, and social and political participation). To take up this challenge, modules on Governance, Democracy and Multiple … on governance; the perception of decentralisation policies at local level; the level and vitality of social and political …
Persistent link: https://www.econbiz.de/10011071859
New factors such as governance, ownership and citizen’s participation are now a central focus of development programmes … institutions) and type of political regime or, more generally speaking, the society’s system of values. To meet this major … development and for monitoring them in quantitative terms. Three specific modules (Multiple Dimensions of Poverty, Governance and …
Persistent link: https://www.econbiz.de/10011072021
This study examines the limits of global corruption indicators based on experts’ perceptions. It draws on a wave of original surveys conducted in eight African countries that combined two types of approaches. The first approach covers a sample of over 35,000 people and uses experience-based...
Persistent link: https://www.econbiz.de/10011073308
The emergence of institutions, governance and especially corruption as major development considerations has generated a … matters of “good governance”. These findings make a case for a more cautious and rational use of global governance indicators …
Persistent link: https://www.econbiz.de/10011073637