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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
We explore the role of business services in knowledge accumulation and growth and the determinants of knowledge diffusion including the role of distance. A continuous-time model is estimated on several European countries, Japan, and the United States. Policy simulations illustrate the benefits...
Persistent link: https://www.econbiz.de/10014399872
An introductory guide to the IMF’s technical assistance. Providing technical assistance to member countries-particularly developing countries and countries in transition-is at the core of the IMF’s mission. Technical assistance, which includes training for government and central banks...
Persistent link: https://www.econbiz.de/10014398576
Spain (Spain), amendments to the 2010 NPA with the Government of Japan (Japan), and a new note purchase agreement (NPA) with … the People's Bank of China (China). The new borrowing agreement with Spain, the amendments to the NPA with Japan, and the … February 22, 2017, for Spain; April 20, 2017, for Japan; and April 21, 2017, for China. Pursuant to Section III, paragraph 2 of …
Persistent link: https://www.econbiz.de/10014408739
This 2001 Article IV Consultation highlights that the economy of Spain grew by more than 4 percent annually during 1997 …
Persistent link: https://www.econbiz.de/10014406337
Spain has achieved impressive growth in recent years—reflecting favorable competitiveness, and the impact on interest …
Persistent link: https://www.econbiz.de/10014402845
Spain’s economy is facing severe challenges. Financial market tensions increased sharply in the wake of the Greek …
Persistent link: https://www.econbiz.de/10014402943
principles of securities regulation in Spain. Spain exhibits a high level of implementation of principles. The legal framework is …
Persistent link: https://www.econbiz.de/10014396424
This technical note examines the safety net, bank resolution, and crisis management framework in Spain. The financial …
Persistent link: https://www.econbiz.de/10014396425
This technical note assesses the reform of Spanish savings banks (SSBs). It provides a brief overview of the SSB institutional framework before the reform, and describes the main factors that led to the financial distress, albeit uneven, of the SSB sector. The note outlines major regulatory and...
Persistent link: https://www.econbiz.de/10014396426