On 11-12 November 2008, SUERF and Banque Centrale du Luxembourg organized a conference on Productivity in the Financial Services Sector on the occasion of the tenth anniversary of the Banque Centrale du Luxembourg.The conference addressed three main themes: first, stylized facts on banks'...

Banks do not charge explicit fees for many of the services they provide but the service payment is bundled with the offered interest rates. This output therefore has to be imputed using estimates of the opportunity cost of funds. We argue that rather than using the single short-term, low-risk...

This research paper presents an experimental investigation of three different types of solar dryer based on the principle of natural as well as forced convection. Efforts have also been made to select the most appropriate design to be used on a household, farm or industrial scale.

Every univariate random variable is smaller, with respect to the ordinary stochastic order and with respect to the hazard rate order, than a right censored version of it. In this paper we attempt to generalize these facts to the multivariate setting. It turns out that in general such comparisons...

In this paper we discuss the properties of the orderings of positive dependence introduced by Hollander et al. [Hollander, M., Proschan, F., Sconing, J., 1990. Information, censoring, and dependence. In: Topics in Statistical Dependence (Somerset, PA, 1987). In: IMS Lecture Notes Monogr....

In this paper we study some stochastic orders of positive dependence that arise when the underlying random vectors are ordered with respect to some multivariate hazard rate stochastic orders, and have the same univariate marginal distributions. We show how the orders can be studied by...