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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....
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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...
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right environment for the development and commercial success of digital innovation, and to maximise the growth of the …
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The 32nd CEIES seminar "Innovation indicators - more than technology?" was held on 5 and 6 February 2007 in Aarhus …, Denmark. This seminar provided an opportunity for national innovation statistics producers, data users and data providers to … Manual 2005 and its implementation (new types of innovation, more focus on service industries and on linkages, not just …
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