Although a large literature argues that European settlement outside of Europe during colonization had an enduring effect on economic development, researchers have been unable to assess these predictions directly because of an absence of data on colonial European settlement. We construct a new database on the European share of the population during colonization and examine its association with e...

This paper suggests a simple explanation for the cross-section Kuznets curve: endowments of crops and germs that resulted in a permanent European minority settlement are associated with high inequality and intermediate income. Where there was no European settlement, both inequality and income were low. Where Europeans came to constitute the overwhelming majority of the population, income was hi...

In this study a simulation analysis is applied to address the change in banks liquidity demand due to a shift in settlement method brought about by adopting Real Time Gross Settlement System. At the first stage of this research, we use a data generator model along with some information on the time distribution of coded cheques over a working day in order to produce intraday flow of payment...

Voluntary frontier settlement leads to independent agency. Since this type of research has not yet been implemented in ongoing voluntary settlement frontiers, we conducted several cultural tasks to investigate Shenzhen, known as China's ongoing "South Frontier," which is composed mostly of people that have emigrated from other Chinese provinces within the past 30 years. We hypothesized that res...

This paper examines the effects of introducing an auto-collateralization scheme in a simulated securities settlement system. Using artificially generated data, it shows that auto-collateralization can substantially lower liquidity needs without delaying settlement. By allowing for a more efficient usage of collateral, it also reduces intraday credit exposures. The paper further demonstrates how...

From March 1998, the inter-bank settlement of most high value wholesale payments in New Zealand will occur on a real time gross settlement (RTGS) basis. This means that the interbank transfer of funds associated with each such payment will be posted to the exchange settlement accounts of the paying and receiving banks at the Reserve Bank, transaction by transaction, irrevocably and ahead of val...

The current regulatory environment is changing with regard to security settlement systems and central counterparty services. Various initiatives are addressing these changes, e.g. CESR/ESCB, Giovannini, CPSS/IOSCO, ISD, G30 and the European Commission’s Communication on Clearing and Settlement. In this paper, we do not want to resolve or comment on any of these issues, but believe it is of the ...

There are some artificial and natural materials on foundation of heap leaching structures. Geomembrane liner is the most important artificial isolated layer of these structures. The thickness of this layer is about 1 to 2 mm. Foundation overall settlement of such structures changes the primary length of the geomembrane layer. If the strain of geomembrane is more than allowable one, the layer wi...

What does the public think it means to “settle” a civil case? Most legal disputes in United States end an agreement settle, but little is known about what laypeople settlement. To fill this gap, we took direct approach: asked nationally representative sample of US adults—more than 1000 them—basic questions We found widespread understanding essential nature and frequency settlement, persistent, ...