The article contains the description of liquidity needs of banks based on statistical balances and turnover subaccounts of Russian banking system. Initial accounts combined into 35 units (which include loans and deposits by macroeconomic agents) are ranked by the rate of turnover. Based on this...

Decentralized assignments in the education market have been increasingly replaced by centralized ones. However, empirical evidence on these transitions are scarce. This paper examines the adoption of centralized admissions in the Brazilian higher education market. Using rich administrative data,...

Abstract The new millennium brought with it a new challenge. Students reaching higher education were not only greater in number, they were also less prepared than their predecessors. This caused a sharp deterioration in the quality of the entire higher education system, which in turn affected...

This paper estimates the effects of a 2008 policy that eliminated tuition fees at public universities in Ecuador. We use a difference-in-differences strategy that exploits variation across cohorts differentially exposed to the policy, as well as geographic variation in access to public...