ESMA provides further details on trade reporting in updated EMIR Q&AThe European Securities and Markets Authority (ESMA) has issued today updated Question & Answers (Q&As) on the implementation of the European Markets Infrastructure Regulation (EMIR). These updated Q&As clarify, among others,...

Incluye bibliografía ; Given that savings and productivity follow a hump shaped profile with respect to age and given that demographic profiles vary across countries, population age structure may be linked to differences in levels of economic development. In this paper we measure the importance...

El envejecimiento de la población es un proceso imparable que continúa suponiendo un reto para la sostenibilidad del sistema de reparto de pensiones en la mayoría de los países desarrollados, incluida España. Gran parte de estos países necesitan llevar a cabo reformas en sus sistemas de...

An important goal of financial risk regulation is promoting coordination. Law's coordinating function minimizes costly conflict and encourages greater uniformity among market participants. Likewise, privately developed market standards, such as standard-form contracts and rules incorporated into...

We discuss the strategic behavior of agents on a financial market in the presence of a central bank which is borrowing and lending money.

Beaver and Wolfson (1982 BW) identify economic interpretability and symmetry as desirable properties for financial statement translation. They then analyze translation methods with respect to these properties assuming perfect and complete markets between and within both countries (referred to,...