In this paper we discuss the continued transition of financial markets towards trade standardization and the clearing of transactions, outlining the role of central clearing counterparties CCPs in reducing systemic and idiosyncratic risk. We contrast this with a discussion on bespoke non-cleared...

Economics instructors who start their courses with abstract concepts, definitions, charts, and astronomical numbers often miss the invaluable first-impression opportunity. This paper addresses the lack of appropriate gateway-transitional-interdisciplinary concepts in introductory economics...