Tail risk is a classic topic in stressed portfolio optimization to treat unprecedented risks, while the traditional mean-variance approach may fail to perform well. This study proposes an innovative semiparametric method consisting of two modeling components: the nonparametric estimation and...

This report aims to identify barriers, needs, and potential opportunities for Kosovo to digitally transform its basic education system to strengthen efficiency and improve student performance in foundational skills (including digital skills). The rest of the report is structured as follows....