European financial integration, rapid growth of OTC markets, and institutional and technological innovation are revolutionizing
clearing and settlements systems in financial markets worldwide.
This conference will examine these changes and their impact.
The conference program will include theoretical, institutional
and empirical papers on settlement and other post-trade financial arrangements. We particularly welcome papers on the industrial
organization of these arrangements, the implications for
efficiency, innovation and competition in financial markets, and
on financial stability.
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