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The Global Credit Crunch and Foreign Banks' Lending to Emerging Markets
			: Why Did Latin America Fare Better?

The Global Credit Crunch and Foreign Banks' Lending to Emerging Markets : Why Did Latin America Fare Better? »

Volume/Issue: 2010/102

Series: IMF Working Papers

Author(s): Kulwant Rai , and Herman Kamil

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2010

DOI: http://dx.doi.org/10.5089/9781455200610.001

ISBN: 9781455200610

Keywords: global: credit crunch, cross-border lending, foreign banks, foreign bank, international settlements, foreign currency, foreign affiliates, International Lending and Debt Problems, Financial Aspects of Economic Integration, International Finance Forecasting and Simulation,

The recent global financial turmoil raised questions about the stability of foreign banks' financing to emerging market countries. While foreign banks' lending growth to most emerging market regions contracted shar...

The Distributional Bias of Public Education
			: Causes and Consequences

The Distributional Bias of Public Education : Causes and Consequences »

Volume/Issue: 2004/214

Series: IMF Working Papers

Author(s): Mark Gradstein , and Era Dabla-Norris

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2004

DOI: http://dx.doi.org/10.5089/9781451875027.001

ISBN: 9781451875027

Keywords: Public education, incidence bias, inequality, education spending, income inequality, private education, Publicly Provided Private Goods, Macroeconomic Analyses of Economic Development,

While public education is often intended to be progressive in its effects on income distribution, in reality its incidence is often skewed toward the rich. This paper argues that the extent of this bias is directly...