(2004): “Two centuries of economic growth: Europe chasing the American frontier”, CEPR Discussion Paper, No. 4415. 16  See, for example, Genre, V., R. Gomez-Salvador and A. Lamo (2005): “European Women: Why do(n’t) they work”, ECB Working Paper Series, No 454, March 2005.
These transition steps could involve, for example, relying on conservative estimates of the LGD and EAD parameters when the bank in question is not yet prepared to provide estimates derived from its own experience. For a limited period, we also may be willing to consider conservative methodologies for allocating consolidated operational risk capital charges to the U.S. subsidiary.