Entropic Analysis of Financial Risk and Uncertainty. The recent financial crisis has shown that the financial markets are not as stable as expected, and are at risk from a lack of knowledge about new financial products and their risks. This research provides a framework to better measure and forecast financial risks by applying a set of techniques known collectively as entropic analysis as a novel way to measure the amount of information that can be extracted from historical data. The research w ....Entropic Analysis of Financial Risk and Uncertainty. The recent financial crisis has shown that the financial markets are not as stable as expected, and are at risk from a lack of knowledge about new financial products and their risks. This research provides a framework to better measure and forecast financial risks by applying a set of techniques known collectively as entropic analysis as a novel way to measure the amount of information that can be extracted from historical data. The research will facilitate the design of policies and regulations by regulatory authorities that need to evaluate new financial products, their associated risks and their impacts on the financial markets.Read moreRead less
Higher order moment contagion testing: implications of the US subprime mortgage crisis for Australia. Even though crises are usually short lived, the long term implications of changes in asset values may be profound, particularly for superannuation assets. Implications of financial crises are also profound for institutions such as the RBA who change policy to achieve domestic objectives. The understanding of how internationally based financial crises affect Australia is important particularly wh ....Higher order moment contagion testing: implications of the US subprime mortgage crisis for Australia. Even though crises are usually short lived, the long term implications of changes in asset values may be profound, particularly for superannuation assets. Implications of financial crises are also profound for institutions such as the RBA who change policy to achieve domestic objectives. The understanding of how internationally based financial crises affect Australia is important particularly when domestic inflationary pressures would appear to precipitate the need for the RBA to take the opposite policy stance to that prevalent of central banks internationally. This proposal highlights these relationships to provide insights into portfolio allocation decisions and provides information to facilitate well founded decisions by policy makers.Read moreRead less
Global Economic Consequences of Korean Re-unification. This research aims to model the economic implications of Korean re-unification and explore the spill-overs to key economies in the region, including Australia. The approach is understood to be first to develop a model for the existing North Korean economy in collaboration with South Korean researchers at Korea University. This model is intended to be embedded in an existing global economic model. The project aims to then explore scenarios of ....Global Economic Consequences of Korean Re-unification. This research aims to model the economic implications of Korean re-unification and explore the spill-overs to key economies in the region, including Australia. The approach is understood to be first to develop a model for the existing North Korean economy in collaboration with South Korean researchers at Korea University. This model is intended to be embedded in an existing global economic model. The project aims to then explore scenarios of integration between North and South Korea focusing on changing production structure, development in human capital formation, technology transfer, immigration flows within a unified Korea and the impact on trade and financial flows that may result from different scenarios of how unification will proceed.Read moreRead less