"In the EU‟s budget for 2010, the European Parliament proposed a preparatory action and allocated a budget for it with the aim of preparing a preparatory action provisionally called “ERASMUS for journalists” to “give journalists the possibility of exchange with journalists and media from...

This paper compares securities settlement gross and netting architectures. It studies settlement risk arising from exogenous operational delays and compares settlement failures between the two architectures as functions of the length of the settlement interval under different market conditions....

Capital-labor substitution and total factor productivity (TFP) estimates are essential features of growth and income distribution models. In the context of a Monte Carlo exercise embodying balanced and near balanced growth, we demonstrate that the estimation of the substitution elasticity can be...