understanding of two fundamental problems that arise when agency relationships are established between a worker and firm. The first … is that agency relationships often require the creation of specific property rights in order for firm owners to realize … productive efficiencies of scale or scope from agency. The second is that the economic characteristics of the agency relationship …

can otherwise be explained by, the agency relationship between securities holders and managers. We argue that the value of … diversification in an agency relationship derives not from its effects on risk, but rather from its effects on the principal …

the interaction of interests between companies and environment protection agency, which takes into account the nature …

theoretical foundation, elements resumed by a set of critical postulates and a special definition of state as the dominant agency …

Target is a real time gross settlement (RTGS) large value payment network operated by European central banks that … eliminates systemic risk. Euro1 is a privately operated delayed net settlement (DNS) network that reduces substantially systemic …

pan-European financial infrastructure for payments and securities clearing and settlement. Central counterparty clearing …’s securities market infrastructure – clearing and settlement. Because of the importance of its role, a CCP must have sound risk …-benefit analysis in a Finnish/Nordic-Baltic clearing and settlement infrastructure that incorporates a CCP solution. This is an updated …