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Risk, Resources, and Education : Public Versus Private Financing of Higher Education

International Monetary Fund - 1999

This paper develops a public education scheme that takes uncertainty aspects of private educational investments explicitly into account. In the author’s framework, the social merits of public education schemes are related to the lack of markets in which students can insure against educational...

Persistent link: https://www.econbiz.de/10014400865

Fat Tails and their (Un)Happy Endings : Correlation Bias and its Implications for Systemic Risk and Prudential Regulation

International Monetary Fund - 2011

The correlation bias refers to the fact that claim subordination in the capital structure of the firm influences claim … shown that the correlation bias shifts shareholder preferences towards highly correlated assets, making financial …

Persistent link: https://www.econbiz.de/10014401318

Economic Diversification in Oil-Exporting Arab Countries

International Monetary Fund - 2016

volatility. Greater economic diversification would unlock job-creating growth, increase resilience to oil price volatility and … key prerequisites for economic diversification …

Persistent link: https://www.econbiz.de/10014408617

Sustaining Long-Run Growth and Macroeconomic Stability in Low-Income Countries : The Role of Structural Transformation and Diversification

International Monetary Fund - 2014

Diversification and structural transformation play important roles in influencing the macroeconomic performance of low … a country's production and export structure. This can include diversification into new products and trading partners as …