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Managerial Incentives and Financial Contagion
Chakravorti, Sujit; Lall, Subir - International Monetary Fund (IMF) - 2004
optimal portfolio strategies by fund managers. In emerging markets, dedicated managers outperforming a benchmark index and … global managers maximizing absolute returns lead to systematic interactions between asset prices, without asymmetric …
Persistent link: https://www.econbiz.de/10005769103
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Are Developing Countries Better off Spending their Oil Wealth Upfront?
Takizawa, H.; Gardner, E. H.; Ueda, Kenichi - International Monetary Fund (IMF) - 2004
We question the conventional view that it is optimal for government to maintain a stable level of spending out of oil wealth. We compare this conventional policy recommendation with one where government spends all of its oil revenues upfront, at the same rate as oil is extracted. Using a...
Persistent link: https://www.econbiz.de/10005769156