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explore the clearing of non- or limitedtradable debts like bills of exchange. We construct a theoretical model of these … multilateral clearing algorithms known as rescontre, skontrieren or virement des parties used by merchants were efficient in …
Persistent link: https://www.econbiz.de/10008796265
explore the clearing of non- or limitedtradable debts like bills of exchange. We construct a theoretical model of these … multilateral clearing algorithms known as rescontre, skontrieren or virement des parties used by merchants were efficient in …
Persistent link: https://www.econbiz.de/10010303905
in Europe from 1750 to 1913. Old Regime polities typically suffered from fiscal fragmentation and absolutist rule. By the …
Persistent link: https://www.econbiz.de/10014224049
Persistent link: https://www.econbiz.de/10013141137
This paper introduces and describes a new city-level data set on political institutions in pre-modern Europe. To be … institutions between 800 AD and 1800 AD in 104 cities in central Europe (Alsace-Lorrain, Austria, Belgium, Germany, the Netherlands …
Persistent link: https://www.econbiz.de/10013032425
This paper presents a model of an over-the-counter bond market in which bond dealers and cash investors arrange repurchase agreements (repos) endogenously. If cash investors buy bonds to store their cash, then they suffer an endogenous bond-liquidation cost because they must sell their bonds...
Persistent link: https://www.econbiz.de/10009552162
Persistent link: https://www.econbiz.de/10001820850
Persistent link: https://www.econbiz.de/10013153550
multilateral trading system developed under the WTO. Securities' clearing and settlement services have nowadays become more …
Persistent link: https://www.econbiz.de/10012906933
. Since the Great Financial Crisis, increases in central clearing rates have helped shape growth in amounts outstanding …. Derivatives subject to regulatory clearing mandates were approaching full clearing, while clearing rates were low for certain …
Persistent link: https://www.econbiz.de/10012857873