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model, and that their governance is effective. Payment system governance in Japan, Canada, and the United States does not … regulatory norms, finding that governance in Australia, the European Union, and the United Kingdom aligns with the theoretical …
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This paper proposes a new approach for multilateral comparisons using index numbers. The new approach combines two recently-proposed innovative techniques to examine differences among economies at various levels. The Minimum Spanning Tree algorithm, based on the idea of minimizing substitution...
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