CCP system for Government securities transactions was put in place in April 2002 while Forex (spot and forward) transactions were brought under CCP settlement in Nov 2002. CCP settlement of IRS and FRA trades is under advanced stage of finalization.
Euro area Phillips curve 2005–17, as a correlation between the wage growth and broad unemployment In the graph a possibility of a non-linear empirical relationship between wage inflation and broad unemployment is illustrated.3 So, this is an example of the puzzles that merit to be analysed further.