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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....
Persistent link: https://www.econbiz.de/10009639464
The model presented here is a New estimated medium-scale Multi-Country Model (NMCM) which covers the five largest euro area countries and is used for forecasting and scenarios analysis at the European Central Bank. The model has a tight theoretical structure which allows for non-unitary...
Persistent link: https://www.econbiz.de/10009640691
Persistent link: https://www.econbiz.de/10009635931
the international transmission of productivity improvements generate the observed degree of risk-sharing: one associated …
Persistent link: https://www.econbiz.de/10009636531
productivity compared to incumbent firms and changes in the sectoral structure of the economy. The decomposition of productivity … firm entry and exit as well as survival analysis of new firms. Also, decompositions of productivity change into components … consisting of resource reallocation, firm entry and exit, and productivity growth within continuing firms are carried out. The …
Persistent link: https://www.econbiz.de/10009636560
Slovakia is engaged in an ambitious reform process which has the potential to quicken productivity growth, increase the …
Persistent link: https://www.econbiz.de/10009636870
research and development on the determinants of productivity gaps between the current EU-15 and accession states in central and … specialisation patterns for the explanation of observed productivity gaps and for the projection of future potentials of productivity … growth in central and eastern Europe. For the aggregated level, analysis determines the share of national productivity gaps …
Persistent link: https://www.econbiz.de/10009636897
The.31st CEIES seminar "Are we measuring productivity correctly" was held on 12 and 13 October in Rome, Italy. It … of the art in measurement of productivity worldwide, - to identify major challenges for statistics with a special focus …
Persistent link: https://www.econbiz.de/10009638538
This paper discusses the channels between openness and productivity and trade hampering factors. The stylized facts …
Persistent link: https://www.econbiz.de/10009640174
On 12 June and 9 September 2008 the EESC Labour Market Observatory organised two hearings on "Sustainable Productivity …
Persistent link: https://www.econbiz.de/10010260408