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RDP 2016-07: The Efficiency of Central Clearing: A Segmented Markets Approach
Equation (2)
f
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MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=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@7304@