making and risk management. Over the past three decades there has been a trend towards increased asset return correlations … models proposed in the literature can be used to formally characterize and quantify market risk. In particular, we ask how … adequate these models are for modelling market risk at times of financial crisis. In doing so we consider a multivariate t …

In higher education, pure credit market funding leads to underinvestment due to insufficient risk pooling, while pure …

This paper analyzes the determinants of the choice of location of international students. Building on the documented … trends in international migration of students, we develop a small theoretical model allowing to identify the various factors … associated to the attraction of migrants as well as the costs of moving abroad. Using new data capturing the number of students …