Nordic cooperation in R&D is part of a broader, long standing cooperation in the Nordic area. This area consists of Sweden, Denmark, Norway, Iceland, Finland, as well as the autonomous regions the Faroes Greenland and Aaland. The institutional set-up goes back to 1952 with the establishment of...

The Secure Societies Advisory Group (SSAG) has considered the strategic priorities that should shape the H2020 programme for the 2016/2017...

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...