eliminates systemic risk. Euro1 is a privately operated delayed net settlement (DNS) network that reduces substantially systemic … risk but does not eliminate it. This difference makes RTGS networks more expensive to users even if both networks had the … collateral sufficient to cover all exposures (and eliminate systemic risk) is from 15 to 42 cents per transaction. If full cost …

A man is a key subject of economics and economic theory. “A man is irrational” - this opinion can be made from Allais … paradox, risk aversion and other well-known fundamental problems. For a long time, this opinion was a barrier to proper … solution of these problems and the development of the economic theory. A radically new approach has been proposed. It considers …