University of Manchester

Displaying 1-40 of 141 results

  • White Papers // Jan 2015

    Distributed Resource Allocation in D2D-Enabled Multi-Tier Cellular Networks: An Auction Approach

    Future wireless networks are expected to be highly heterogeneous with the co-existence of macrocells and small cells as well as provide support for Device-To-Device (D2D) communication. In such multi-tier heterogeneous systems centralized radio resource allocation and interference management schemes will not be scalable. In this paper, the authors propose an...

    Provided By University of Manchester

  • White Papers // Jan 2015

    Wireless-Powered Cellular Networks: Key Challenges and Solution Techniques

    Energy harvesting from ambient sources is emerging as a sustainable and environment-friendly technique to prolong the lifetime of wireless devices. However, harvesting energy from these sources may not be feasible for Quality-of-Service (QoS)- constrained wireless applications. As such, dedicated Wireless-Powered Cellular Networks (WPCNs) are currently being investigated to ensure the...

    Provided By University of Manchester

  • White Papers // Nov 2014

    Scalable Dynamic Business Process Discovery with the Constructs Competition Miner

    Since the environment for businesses is becoming more competitive by the day, business organizations have to be more adaptive to environmental changes and are constantly in a process of optimization. Fundamental parts of these organizations are their business processes. Discovering and understanding the actual execution flow of the processes deployed...

    Provided By University of Manchester

  • White Papers // Jul 2014

    Heterogenous Acceleration for Linear Algebra in Mulit-Coprocessor Environments

    In this paper, the authors present an efficient and scalable programming model for the development of linear algebra in heterogeneous multi-coprocessor environments. The model incorporates some of the current best design and implementation practices for the heterogeneous acceleration of Dense Linear Algebra (DLA). Examples are given as the basis for...

    Provided By University of Manchester

  • White Papers // Sep 2013

    Translating the Need for Touch to Online Fashion Shopping Via Digital Technology

    Online shopping for fashion has seen explosive growth in recent times but the sector still faces the challenge of translating the in-store experience to the online environment. Clothing has been classified as a high-involvement product category that needs to be seen, tried on and touched to be evaluated (Workman, 2010)...

    Provided By University of Manchester

  • White Papers // Sep 2012

    Financial Option Market Model for Federated Cloud Environments

    Pay-per-use service by Cloud service providers has attracted customers in the recent past and is still evolving. Since the resources being dealt within Clouds are non-storable and the physical resources need to be replaced very often, pricing the service in a way that would return profit on the initial capital...

    Provided By University of Manchester

  • White Papers // May 2012

    MDP-Based Admission Control for Multicast Streaming Services in Wireless Mobile Networks

    The authors investigate the optimal admission control policy for Multicast Streaming Services (MSS) in the 3rd Generation (3G) and beyond wireless mobile networks. An admission decision in MSS is required only when an empty session not being in service is requested due to the point-to multipoint nature, whereas it is...

    Provided By University of Manchester

  • White Papers // May 2012

    Performance Analysis of Cognitive Radio Networks With Channel Assembling and Imperfect Sensing

    This paper investigates the performance of a wideband cognitive radio network where each cognitive user can assemble multiple primary channels. Two channel assembling schemes are considered: a Constant Channel Assembling (CCA) and a Variable Channel Assembling (VCA). In the variable channel assembling scheme, cognitive users assemble their channels on the...

    Provided By University of Manchester

  • White Papers // May 2012

    An Improved Channel Model for Cognitive Radio

    To analyze scenarios like spectrum handoff in overlay cognitive radio networks, the authors need to capture the status change of the target channels in a more realistic manner. Most of the existing cognitive radio channel models assume target channels to be busy only when occupied by primary users. However, in...

    Provided By University of Manchester

  • White Papers // May 2012

    Cooperative Spectrum Sensing With Noncoherent Transmission

    The problem of decision fusion for cooperative spectrum sensing in cognitive radio networks is studied when noisy fading channels are present between the Cognitive Radios (CRs) and the Fusion Center (FC). The CRs perform spectrum sensing using energy detection and transmit their binary decisions to the FC for a final...

    Provided By University of Manchester

  • White Papers // Mar 2012

    Applying Dataflow and Transactions to Lee Routing

    Programming multicore shared-memory systems is a challenging combination of exposing parallelism in their program and communicating between the resulting parallel paths of execution. The burden of communication can introduce complexity that is hard to separate from the pure expression of the algorithm and can negate the performance that is gained...

    Provided By University of Manchester

  • White Papers // Mar 2012

    Game Theoretic Modeling of Cooperation Among Service Providers in Mobile Cloud Computing Environments

    Mobile cloud computing aims at improving the performance of mobile applications and to enhance the resource utilization of service providers. In this paper, the authors consider a mobile cloud computing environment in which the service providers can form a coalition to create a resource pool to support the mobile applications....

    Provided By University of Manchester

  • White Papers // Aug 2011

    Internal Versus External DSLs for Trace Analysis Extended Abstract

    This paper explores the design and implementation issues arising in the development of domain-specific languages for trace analysis. It introduces the audience to the general concepts underlying such special-purpose languages building upon the authors' own experiences in developing both external domain-specific languages and systems, such as EAGLE, HAWK, RULER and...

    Provided By University of Manchester

  • White Papers // Jul 2011

    What's Wrong And Right With Microfinance - Missing An Angle On Responsible Finance?

    Microfinance as the best way of tackling poverty is under attack. It has been accused of failing to help the poor, of treating its clients badly, of charging high interest rates and of encouraging poor people to take on excessive debt burdens. The authors examine these issues, and find that...

    Provided By University of Manchester

  • White Papers // May 2011

    Checking Flight Rules With TRACECONTRACT Application of a Scala DSL for Trace Analysis

    Typically during the design and development of a NASA space mission, rules and constraints are identified to help reduce reasons for failure during operations. These flight rules are usually captured in a set of indexed tables, containing rule descriptions, rationales for the rules, and other information. Flight rules can be...

    Provided By University of Manchester

  • White Papers // May 2011

    Discrete Time Analysis of Cognitive Radio Networks With Saturated Source of Secondary Users

    The strategy used for sensing in a cognitive radio network affects the white space that Secondary Users (SUs) perceive and hence their throughput. For example, let the average time interval between consecutive sensing be fixed. There are several possible ways to achieve this mean value. The SU may sense the...

    Provided By University of Manchester

  • White Papers // Apr 2011

    TRACECONTRACT: A Scala DSL for Trace Analysis

    In this paper, the authors describe TRACECONTRACT, an API for trace analysis, implemented in the SCALA programming language. They argue that for certain forms of trace analysis the best weapon is a high level programming language augmented with constructs for temporal reasoning. A trace is a sequence of events, which...

    Provided By University of Manchester

  • White Papers // Mar 2011

    Lost in Translation: Data Integration Tools Meet the Semantic Web

    More information is now being published in machine processable form on the web and, as de-facto distributed knowledge bases are materializing, partly encouraged by the vision of the Semantic Web, the focus is shifting from the publication of this information to its consumption. Platforms for data integration, visualization and analysis...

    Provided By University of Manchester

  • White Papers // Mar 2011

    Capital Regulation, Monetary Policy And Financial Stability

    This paper examines the roles of bank capital regulation and monetary policy in mitigating procyclicality and promoting macroeconomic and financial stability. The analysis is based on a dynamic stochastic model with imperfect credit markets. Macroeconomic (financial) stability is defined in terms of the volatility of nominal income (real house prices)....

    Provided By University of Manchester

  • White Papers // Jan 2011

    The Innofusion Of Electronic Banking In Indonesia

    Even though financial innovation plays an important role in the modern economy, surprisingly there have been few empirical literatures. In developing countries, electronic banking (e-banking), for example, received relatively little attention although has been deployed for years. Indonesia presents unique case of Asian tiger economies, especially after experiencing crisis, financial...

    Provided By University of Manchester

  • White Papers // Jan 2011

    User Feedback as a First Class Citizen in Information Integration Systems

    User feedback is gaining momentum as a means of addressing the difficulties underlying information integration tasks. It can be used to assist users in building information integration systems and to improve the quality of existing systems, e.g., in dataspaces. Existing proposals in the area are confined to specific integration sub-problems...

    Provided By University of Manchester

  • White Papers // Jan 2011

    The Limits Of Information? A Game Theoretic Contribution To Understanding The Development Of An Indicators Policy For The UK Construction Industry

    In the UK over the last decade, benchmarking has been consistently promoted as a solution to the problems of industry and the construction industry in particular. Government support of benchmarking in construction through the development of a key performance indicators program found justification in the public goods aspects of the...

    Provided By University of Manchester

  • White Papers // Jan 2011

    Towards Higher-Order Virtualization for Chip Multiprocessor Systems

    Parallelization and virtualization are rapidly becoming standard techniques on commodity platforms. The apparent trend is likely to continue in the foreseeable future. Indeed, there is significant synergy between parallel execution environments and Virtual Machines (VMs). This paper shows how to take the trend (And its synergy) to the limit. It...

    Provided By University of Manchester

  • White Papers // Jan 2011

    Business Cycle Synchronization Since 1880

    This paper studies the international business cycle behavior across 25 advanced and emerging market economies for which 125 years of annual GDP data are available. The picture that emerges is more fragmented than the one drawn by studies that focused on a narrower set of advanced market economies. The paper...

    Provided By University of Manchester

  • White Papers // Dec 2010

    Financial Integration And The Construction Of Historical Financial Data For The Euro Area

    Time series analysis for the Euro Area requires the availability of sufficiently long historical data series, but the appropriate construction methodology has received little attention. The benchmark dataset, developed by the European Central Bank for use in its Area Wide Model (AWM), is based on fixed-weight aggregation across countries with...

    Provided By University of Manchester

  • White Papers // Nov 2010

    Microfinance Regulation And Social Protection

    Arguably, micro-finance provides social protection for the vulnerable by enabling them to access finance, create assets and avoid backsliding into poverty traps. This paper aims to survey the status quo of regulation of micro-finance services in Africa and to map out patterns of micro-finance regulation. The paper explores the relationship...

    Provided By University of Manchester

  • White Papers // Nov 2010

    A Kernel Technique For Forecasting The Variance- Covariance Matrix

    The forecasting of Variance-Covariance Matrices (VCMs) is an important issue in finance, having applications in portfolio selection and risk management as well as being directly used in the pricing of several financial assets. In recent years an increasing body of literature has developed multivariate models to forecast this matrix; these...

    Provided By University of Manchester

  • White Papers // Oct 2010

    Regime Shifts In Mean-Variance Efficient Frontiers: Some International Evidence

    Regime switching models have been assuming a central role in financial applications because of their well-known ability to capture the presence of rich non-linear patterns in the joint distribution of asset returns. This paper examines how the presence of regimes in means, variances, and correlations of asset returns translates into...

    Provided By University of Manchester

  • White Papers // Oct 2010

    Microfinance And Poverty A Macro Perspective

    This paper tests the hypothesis that microfinance reduces poverty at macro level using cross-country and panel data, based on the Microfinance Information EXchange (MIX) data on MFIs and the new World Bank poverty estimates. Taking account of the endogeneity associated with loans from MFIs, the authors' econometric analysis shows that...

    Provided By University of Manchester

  • White Papers // Oct 2010

    A New Keynesian Model With Heterogeneous Price Setting

    The Calvo contract pricing mechanism has become the most widely accepted microfoundation to the NK Phillips curve but unfortunately predicts that all firms in the economy face the same probability of price change. To better explain the stylized fact this paper relaxes the homogeneous firm assumption in the Calvo contract,...

    Provided By University of Manchester

  • White Papers // Oct 2010

    Does Microfinance Reduce Poverty In Bangladesh? New Evidence From Household Panel Data

    The purpose of the present paper is to examine whether microfinance reduces poverty in Bangladesh drawing upon the nationally representative household panel data covering 4 rounds from 1997 to 2005. A special attention was drawn to the issue of endogeneity by applying treatment effects model and Propensity Score Matching (PSM)...

    Provided By University of Manchester

  • White Papers // Sep 2010

    Investigating Sources Of Unanticipated Exposure In Industry Stock Returns

    This paper investigates the sources of both foreign exchange rate and interest rate exposure of industry level portfolios in the G7, decomposing exposure into cash flow and discount rate effects. Initial examination of the degree of exposure on industry returns produces results consistent with the prior literature: that there is...

    Provided By University of Manchester

  • White Papers // Sep 2010

    Determinants Of Corporate Exchange Rate Exposure And Implications For Investors: Evidence From Chilean Firms

    This paper investigates the impact of exchange rate fluctuations on the value of nonfinancial firms in Chile. Using a detailed dataset on firms' foreign activities, the potential determinants of the identified exposure are examined. Foreign exchange exposure depends on the levels of foreign currency debt and foreign currency assets. Levels...

    Provided By University of Manchester

  • White Papers // Sep 2010

    Does The Macro-economy Predict U.K. Asset Returns In A Nonlinear Fashion? Comprehensive Out-Of-Sample Evidence

    The authors perform a comprehensive examination of the recursive, comparative predictive performance of a number of linear and non-linear models for UK stock and bond returns. They estimate Markov switching, Threshold Autoregressive (TAR), and Smooth Transition Autoregressive (STR) regime switching models, and a range of linear specifications in addition to...

    Provided By University of Manchester

  • White Papers // Sep 2010

    State And Self Investments In Health

    The authors consider how individuals' decisions on their health behaviors depend on the level of investment in their health provided by the State. They develop the model provided by Ehrlich and Becker (1972) and Peltzman (1975) and they show that higher levels of protection provided by the State (either through...

    Provided By University of Manchester

  • White Papers // Sep 2010

    A Cholesky-MIDAS Model For Predicting Stock Portfolio Volatility

    This paper presents a simple forecasting technique for variance covariance matrices. It relies significantly on the contribution of Chiriac and Voev (2010) who propose to forecast elements of the Cholesky decomposition which recombine to form a positive definite forecast for the variance covariance matrix. The method proposed here combines this...

    Provided By University of Manchester

  • White Papers // Sep 2010

    Actor Network Pictures And Networking Activities In Business Networks: An Exploratory Empirical Study

    In recent years, there has been increasing interest among business-to-business marketing scholars in the processes of managerial cognition. In particular, actors' network pictures, defined as the cognitive representations of their business surrounding, have attracted much attention. However, so far there has been little empirical research on the impact that network...

    Provided By University of Manchester

  • White Papers // Sep 2010

    Microfinance Efficiency Trade-Offs And Complementarities

    This paper argues that patterns, trends and drivers of the efficiency of MicroFinance Institutions (MFIs) depend on the scope of financial sustainability measures and on MFIs' inclination to either of the dual objectives of financial systems and outreach. A balanced panel data of 164 MFIs for the period 2004-08 is...

    Provided By University of Manchester

  • White Papers // Sep 2010

    Interest Rate Formation In Informal Credit Markets In India: Does Level Of Development Matter?

    Access by the poor to financial resources on favourable terms and conditions is a necessary prerequisite for achieving any developmental goal for an economy. However, in India, about 50 percent of the populations are financially excluded from the formal banking network. These households avail loans from informal lenders, who generally...

    Provided By University of Manchester

  • White Papers // Aug 2010

    The Impact Of The Country-Of-Origin Effect On Trust In Business Relationships

    It is the purpose of this paper to analyse how trust is formed within business relationships in cases in which the buyer's firm stems from a developed economy that has a positive Country-Of-Origin image (COO) whereas the seller's company emanates from a developing nation with a negative Country-Of-Origin image. This...

    Provided By University of Manchester

  • White Papers // Sep 2009

    A Study On The Relationship Orientation Of Supply Companies In Construction Industry

    In industrial markets, effort to improve the efficiency and effectiveness of both marketing and purchasing has increased. This paper has several goals as follows. Firstly, buyer-supplier relationship orientation in construction industry could be conceptualized to sum by means of behaviours for information exchange, coordination efforts, cooperative norms, operational linkages which...

    Provided By University of Manchester

  • White Papers // Aug 2010

    Partner Knowledge, Internal Communication And Customer Relationship Quality In The Light Of Study Conducted In Slovenia

    The popularization of some network-based research constructs is widely observed among IMP scholars. Most existing studies about inter-firm networks are descriptive and qualitative in nature which resulted in generating many new concepts but the ability of this kind of studies in providing managerial guidelines has been questioned (Golfetto, Salle, Borghini,...

    Provided By University of Manchester

  • White Papers // Sep 2009

    Developing A Taxonomy For Strategising In Industrial Networks: Manual And Computer-Assisted Approaches

    The purposes of the project described here were to develop a taxonomy of terms relating to strategy used in industrial networks research studies, and to compare manual qualitative content analysis with a computer-assisted text mining approach to taxonomy creation in a social science context. The unit of analysis was abstracts...

    Provided By University of Manchester

  • White Papers // Aug 2010

    The Impact Of The Country-Of-Origin Effect On Trust In Business Relationships

    It is the purpose of this paper to analyse how trust is formed within business relationships in cases in which the buyer's firm stems from a developed economy that has a positive Country-Of-Origin image (COO) whereas the seller's company emanates from a developing nation with a negative Country-Of-Origin image. This...

    Provided By University of Manchester

  • White Papers // Sep 2009

    Contextual Factors Of Network Picture Formation: An Empirical Examination

    The business network is a varying entity, depending on the perceptions of the actors within the network. Moreover, it has been posited that perceptions are important for actors' networking activities as well as for the outcomes of strategic actions. Given the recognised importance of actors' views, recently there has been...

    Provided By University of Manchester

  • White Papers // Sep 2009

    A Dimensional Model Of Contract Characteristics In Business Relationships

    Contracts are manifestations of enforceable agreements within business relationships. In this way, contract research offers an objectified lens through which the relationship between buying and selling counterparts can be studied. Notwithstanding the significance of contracts in business marketing, issues around different types of contracts and the nature of contractual provisions...

    Provided By University of Manchester

  • White Papers // Aug 2010

    The Role Of Inter-Firm Market Orientation On The Market Orientation - Performance Relationship

    Many researchers have studied market orientation over the last two decades and have argued its impact on firm performance. Much of the work has focused on the intra-firm market orientation of firms, namely manufacturers or suppliers and their own firm's performance. Some have also considered the impact of market orientation...

    Provided By University of Manchester

  • White Papers // Aug 2010

    Understanding Network Picture Complexity: An Empirical Analysis Of Contextual Factors

    There has recently been increasing interest in the relationship between managers' perceptions of their surroundings and their interactions with other actors. This sense-making issue is linked to the development of the concept of network pictures. The paper investigates a hitherto neglected aspect of network pictures: Their complexity. In several bodies...

    Provided By University of Manchester

  • White Papers // Sep 2009

    Network Pictures As A Research Device: Developing A Tool To Capture Actors? Perceptions In Organizational Networks

    In business networks, strategic actions are believed to be guided by actors' subjective views or perceptions of their surroundings. Researchers thus consider these perceptions as important for understanding network related phenomena. Despite their recognized importance, there has not been much research aimed at developing a way to systematically capture these...

    Provided By University of Manchester

  • White Papers // Sep 2009

    Is There Such A Thing As A 'Dyadic Operationalization'? Some Considerations Regarding Quantitative Research And The Interaction Model Of Business Relationships

    This paper addresses the challenge of bridging two seemingly incommensurable research traditions, i.e. the IMP Group tradition related to qualitative and descriptive interaction approaches on the one hand, and the focal company perspective linked to the resource-based view of the firm with quantitative approaches and the purpose of deriving generalizeable...

    Provided By University of Manchester

  • White Papers // Aug 2010

    The Fit Of Business Relationships With Business Strategies

    The concept of strategic fit has been a focus of the contemporary literature on organisational behaviour and strategy. This concept follows the logic of contingency theory and suggests that where business strategy is aligned with organizational structures; such a Gestalt provides the greatest contribution to firm performance. In this paper,...

    Provided By University of Manchester

  • White Papers // Sep 2009

    Perceived Value Of Key Account Relationships - An Emerging Theory-In-Use

    Key Account Management (KAM) has become an important aspect of building relationships with important business partners. It is often posited that KAM provides superior value to both seller and the buyer. However, while the research literature has intensified its theoretical and empirical scrutiny of the KAM phenomenon, the perceptions of...

    Provided By University of Manchester

  • White Papers // Jan 2011

    User Feedback as a First Class Citizen in Information Integration Systems

    User feedback is gaining momentum as a means of addressing the difficulties underlying information integration tasks. It can be used to assist users in building information integration systems and to improve the quality of existing systems, e.g., in dataspaces. Existing proposals in the area are confined to specific integration sub-problems...

    Provided By University of Manchester

  • White Papers // Sep 2009

    Growth-Optimal Investments And Numeraire Portfolios Under Transaction Costs: An Analysis Based On The Von Neumann-gale Model

    The aim of this work is to extend the capital growth theory developed by Kelly, Breiman, Cover and others to asset market models with transaction costs. The authors define a natural generalization of the notion of a numeraire portfolio proposed by Long and show how such portfolios can be used...

    Provided By University of Manchester

  • White Papers // Jul 2010

    Networks And The Diffusion Of Accounting Technologies: The UK Whole Of Government Accounts Project

    The paper has two central empirical dimensions. First, it investigates the process by which the UK came to adopt WGA, paying attention to the mechanisms by which various local political motivations come to be associated with international ideas, and the dynamic interactions between protagonists and recipients and their evolving roles...

    Provided By University of Manchester

  • White Papers // Jul 2010

    Governing By Bumiputera Ideology: Corporate Governance Reforms In Malaysia

    This paper reflects on the political and economic factors which have led to the pre-eminence of a particular political ideology in Malaysia and the effect of this on the country's corporate governance reforms. The authors' theoretical approach is informed by the diverse works on ideology which guided them to a...

    Provided By University of Manchester

  • White Papers // Dec 2009

    Power And Performance: A Field Study Of The Rise And Fall Of An Institutional Entrepreneur

    The purpose of this paper is to explore how Performance Measurement and Management (PMM) practices are implicated in the exercise of power in organizations through the theoretical lens of institutional entrepreneurship. The paper builds on a longitudinal field study in a Chinese local government department conducted over a period of...

    Provided By University of Manchester

  • White Papers // Jul 2010

    Hegemony, Counter Hegemony And NGO Accountability Change: BRAC In Bangladesh

    Drawing from Antonio Gramsci's ideas, a dialectic analysis of accountability change in a large, Bangladesh NGO - BRAC is conducted to investigate how BRAC extended accountability issues within society; and how hegemonic and counter-hegemonic dialectics changed accountability practices. The paper details how a functional accountability was transformed into a holistic...

    Provided By University of Manchester

  • White Papers // Jun 2010

    Resource Acquisition Strategies In Business Relationships

    Understanding business relationships represents the core aspect of research in the IMP Group tradition. Although different models and frameworks have contributed significantly to explaining inter-firm relationships, the existing literature has made little progress in putting forward classifications of different business relationship strategies, i.e. an understanding of the strategic intent behind...

    Provided By University of Manchester

  • White Papers // Sep 2010

    Actor Network Pictures And Networking Activities In Business Networks: An Exploratory Empirical Study

    In recent years, there has been increasing interest among business-to-business marketing scholars in the processes of managerial cognition. In particular, actors' network pictures, defined as the cognitive representations of their business surrounding, have attracted much attention. However, so far there has been little empirical research on the impact that network...

    Provided By University of Manchester

  • White Papers // Jul 2010

    Analysing The Relevance And Utility Of Leading Accounting Research

    The sub-prime banking crisis and credit crunch raised questions over whether the scope of accounting research has been too narrow to serve the longer-term needs of business and society. This paper assesses the extent to which the range of articles published by the foremost accounting journals has been broad enough...

    Provided By University of Manchester

  • White Papers // Jan 2010

    State, Business And Growth In Post-Apartheid South Africa

    This paper explores the relationship between 'State-business relations' (SBRs) and pro-poor growth in South Africa. It provides a history of business organization and the role of the large corporations in facilitating the democratic transition and creating a momentum for the development of post-apartheid tripartite negotiating institutions notably the National Economic,...

    Provided By University of Manchester

  • White Papers // Jul 2011

    What's Wrong And Right With Microfinance - Missing An Angle On Responsible Finance?

    Microfinance as the best way of tackling poverty is under attack. It has been accused of failing to help the poor, of treating its clients badly, of charging high interest rates and of encouraging poor people to take on excessive debt burdens. The authors examine these issues, and find that...

    Provided By University of Manchester

  • White Papers // Sep 2010

    Microfinance Efficiency Trade-Offs And Complementarities

    This paper argues that patterns, trends and drivers of the efficiency of MicroFinance Institutions (MFIs) depend on the scope of financial sustainability measures and on MFIs' inclination to either of the dual objectives of financial systems and outreach. A balanced panel data of 164 MFIs for the period 2004-08 is...

    Provided By University of Manchester

  • White Papers // Sep 2010

    Interest Rate Formation In Informal Credit Markets In India: Does Level Of Development Matter?

    Access by the poor to financial resources on favourable terms and conditions is a necessary prerequisite for achieving any developmental goal for an economy. However, in India, about 50 percent of the populations are financially excluded from the formal banking network. These households avail loans from informal lenders, who generally...

    Provided By University of Manchester

  • White Papers // Jun 2010

    Towards Open Tracing of P2P File Sharing Systems

    Since the release of Napster in 1999, peer-to-peer file-sharing has enjoyed a dramatic rise in popularity. A 2000 study by Plonka on the University of Wisconsin campus network found that file-sharing accounted for a comparable volume of traffic to web applications, while a 2002 study by Saroiu et al. on...

    Provided By University of Manchester

  • White Papers // Jan 2010

    Estimating The National Impact Of The Financial Crisis In Indonesia By Combining A Rapid Qualitative Study With Nationally Representative Surveys

    This paper draws on a rapid qualitative assessment of the impact of the financial crisis in Indonesia, to generate hypotheses about the potential national impacts. The authors test these hypotheses using nationally representative labor force surveys from before and after the onset of the financial crisis. They find that Indonesia...

    Provided By University of Manchester

  • White Papers // Jan 2010

    Financial Crisis In Asia And The Pacific Region-Its Genesis, Severity And Impact On Poverty And Hunger

    Building on a vast recent literature on finance, growth and hunger, the authors have examined the experience of 9 Asian countries over the period 1960-2006, using a state-of art-econometric methodology. Although the results are mixed depending on the specification and variables used, there is some evidence favouring a positive role...

    Provided By University of Manchester

  • White Papers // Jan 2010

    Measuring Economic Resilience And Vulnerability: Towards An International Index

    The world is now experiencing its worst synchronised economic downturn since the Great Depression of the 1930s. With its epicentre in the US subprime mortgage market, shockwaves spread rapidly through the financial systems of the developed economies, leading to the failure and near-failure of major financial institutions. The crisis has...

    Provided By University of Manchester

  • White Papers // Sep 2009

    Social Capital, Financial Crises And Health

    Alleviating poverty is among the most laudable aim of the Millennium Development Goals. However, policies aimed at alleviating poverty could only be successful if the people are underpinned by clear understanding of mechanisms which contribute to poverty incidences and distributions. This paper seeks to investigate the effect of major capitalist...

    Provided By University of Manchester

  • White Papers // Jan 2010

    The Real Origin Of Global Financial Imbalances

    There is an evident global imbalance puzzle: capital-scarce developing countries like China are accumulating huge foreign exchange reserves while the capital-abundant developed countries, such as the USA, are running huge deficits. Debt levels in developed countries are continuing to expand despite their huge size; meanwhile, the size of foreign exchange...

    Provided By University of Manchester

  • White Papers // Oct 2009

    The Welfare Gains Of Financial Liberalization: Capital Accumulation And Idiosyncratic Risks

    From a simple (theoretical) growth argument, financial integration enables capital scarce countries to raise capital inflows with positive effects on investment and on the speed of convergence. The authors first show that in a complete markets neoclassical growth model that although financial openness increases welfare, its quantitative effects are limited....

    Provided By University of Manchester

  • White Papers // Nov 2010

    Microfinance Regulation And Social Protection

    Arguably, micro-finance provides social protection for the vulnerable by enabling them to access finance, create assets and avoid backsliding into poverty traps. This paper aims to survey the status quo of regulation of micro-finance services in Africa and to map out patterns of micro-finance regulation. The paper explores the relationship...

    Provided By University of Manchester

  • White Papers // Jan 2010

    Savings, Investment And Current Account Surplus In Asia

    Drawing upon panel data and SUR estimates for selected eight countries in East, South and South-east Asia, over the period 1961-2007, the authors have examined the determinants of national saving, investment and current account balance. Their analysis confirms strong effects of growth, structural features (share of rural population) and demographics...

    Provided By University of Manchester

  • White Papers // Apr 2010

    Dynamic Relational Contracts With Credit Constraints

    This paper considers a long-term relationship between two agents who undertake costly actions or investments which produce a joint benefit. Agents have an opportunity to expropriate some of the joint benefit for their own use. The question asked is how to structure the investments and division of the surplus over...

    Provided By University of Manchester

  • White Papers // Jan 2010

    Job Scheduling on the Grid: Towards SLA-Based Scheduling

    This paper argues for the need to provide more flexibility in the level of service offered by Grid-enable high-performance, parallel, supercomputing resources. It is envisaged that such need could be satisfied by making separate Service Level Agreements (SLAs) between the resource owner and the user who wants to submit and...

    Provided By University of Manchester

  • White Papers // Mar 2011

    Capital Regulation, Monetary Policy And Financial Stability

    This paper examines the roles of bank capital regulation and monetary policy in mitigating procyclicality and promoting macroeconomic and financial stability. The analysis is based on a dynamic stochastic model with imperfect credit markets. Macroeconomic (financial) stability is defined in terms of the volatility of nominal income (real house prices)....

    Provided By University of Manchester

  • White Papers // Oct 2010

    Does Microfinance Reduce Poverty In Bangladesh? New Evidence From Household Panel Data

    The purpose of the present paper is to examine whether microfinance reduces poverty in Bangladesh drawing upon the nationally representative household panel data covering 4 rounds from 1997 to 2005. A special attention was drawn to the issue of endogeneity by applying treatment effects model and Propensity Score Matching (PSM)...

    Provided By University of Manchester

  • White Papers // Oct 2010

    Microfinance And Poverty A Macro Perspective

    This paper tests the hypothesis that microfinance reduces poverty at macro level using cross-country and panel data, based on the Microfinance Information EXchange (MIX) data on MFIs and the new World Bank poverty estimates. Taking account of the endogeneity associated with loans from MFIs, the authors' econometric analysis shows that...

    Provided By University of Manchester

  • White Papers // Apr 2010

    Microfinance And Household Poverty Reduction: New Evidence From India

    The objective of the present paper is to examine whether household access to microfinance reduces poverty. Using national household data from India, treatment effects model is employed to estimate the poverty-reducing effects of MFIs loans for productive purposes, such as investment in agriculture or non-farm businesses on household poverty levels....

    Provided By University of Manchester