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Article 495(3) of Regulation (EU) No 575/2013 (Capital Requirements Regulation – CRR) allows competent authorities temporarily to exempt from the internal ratings-based (IRB) treatment certain equity exposures held by institutions as at 31 December 2007. This provision was already included in...
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We provide a general characterization of the structure of rational expectations equilibria of any degree of revelation for pure exchange, sequential economies, with deffinitely many states of private information, an incomplete financial market and nominal assets. We estimate the dimension of the...
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This paper considers the role of foreign investors in developed-country equity markets. It presents a quantitative model of trading that is built around two new assumptions: (i) both the foreign and domestic investor populations contain investors of different sophistication, and (ii) investor...
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This Monitoring report on the implementation of FP6 during the year 2006 represents a unique endeavour, as it is … bridging from the traditional approach to monitoring in FP6 (and previous Framework Programmes) to the new requirements for … monitoring in FP7. …
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This first FP7 Monitoring Report covers the year 2007 and is the first one based on a completely new approach: While in … FP6 and previous Framework Programmes monitoring had been implemented through annual panels of independent experts which … selected specific areas of FP implementation and performance to analyse and report on, the FP7 monitoring system is designed as …
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