Despite numerous studies on labor supply, the size of elasticities is rarely com- parable across countries. In this paper, we suggest the first large-scale international comparison of elasticities, while netting out possible differences due to methods, data selection and the period of...

Settlement-delivery (S&D) operations of CSDs or ICSDs are the second last stage of the securities treatment procedure, the last stage being the delivery of securities into the accounts of the final holders by their account managers/custodians. As for national transfers, the organisation is...

Les dépositaires centraux (CSD) remplissent deux fonctions dans un cadre national : la conservation ultime de titres et l'administration des systèmes de règlement livraison. Or, le passage d'une espace nationale à un espace domestique européen, met en évidence des surcapacités et des...