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A Central Counterparty (CCP) is an entity that interposes itself between transacting counterparties – a seller vis-à-vis the original buyer and a buyer vis-à-vis the original seller – to guarantee execution of the transaction. Thus, the original transacting parties substitute their...
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The use of traditional industry-level profitability indicators for assessing the state of competition is problematic for two reasons. First, short-term variation reflects business cycles more than it does the impact of competition policy. Second, rough industry-level indicators hide different...
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The use of traditional industry-level profitability indicators for assessing the state of competition is problematic for two reasons. First, short-term variation reflects business cycles more than it does the impact of competition policy. Second, rough industry-level indicators hide different...
Persistent link: https://www.econbiz.de/10010273073
China is still a poor developing country. Since 1978, when the economy started to move in a more market …-oriented direction, China has grown to become an influential player in the global economy. China has actively aimed to take part in the … international division of labour. For example, in 2002 it became a member of the World Trade Organization (WTO). China's foreign …
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