Surviving financial crises: a study of the Australian Government securities market. This project assesses the capacity of the Australian Government securities market to meet investor demand in times of financial crises. The outcomes will provide governments in Australia and other countries with the necessary tools to enhance the efficiency of securities markets and to flag liquidity problems in a timely manner.
Adoption of Australian IFRS: Are IFRS "fit for purpose"? The project seeks to explore the usefulness of modifications made to company earnings based on International Financial Reporting Standards (IFRS; Australia’s mandatory accounting standards) by financial report preparers and users. The project intends to show how share markets respond to adjustments to IFRS earnings and provide evidence to assist standard setters and regulators in policy decisions to strengthen the financial reporting frame ....Adoption of Australian IFRS: Are IFRS "fit for purpose"? The project seeks to explore the usefulness of modifications made to company earnings based on International Financial Reporting Standards (IFRS; Australia’s mandatory accounting standards) by financial report preparers and users. The project intends to show how share markets respond to adjustments to IFRS earnings and provide evidence to assist standard setters and regulators in policy decisions to strengthen the financial reporting framework and to improve the comparability and transparency of financial information. A more robust framework would improve capital market efficiency, promote economic growth in Australia and support the goal of making Australia a world-leading financial market.Read moreRead less
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
Stochastic Analysis with a View to Applications in Financial Risk Processes. Recent decades have seen explosive growth in applications of probability theory and statistics to the modelling of risk in finance and insurance. An intensive theoretical investigation into passage time and other problems for Levy and other continuous time processes will be applied to financial risk analyses. Related investigations will involve perpetuities and stochastic volatility models for price series. Outcomes ....Stochastic Analysis with a View to Applications in Financial Risk Processes. Recent decades have seen explosive growth in applications of probability theory and statistics to the modelling of risk in finance and insurance. An intensive theoretical investigation into passage time and other problems for Levy and other continuous time processes will be applied to financial risk analyses. Related investigations will involve perpetuities and stochastic volatility models for price series. Outcomes will include the development of new theory in probability and statistics, the initiation and reinforcement of collaborative ties with major international research figures, and the fostering of contacts with the finance industry.Read moreRead less
Sustaining India's economic transformation: challenges, prospects and implications for Australia and the Pacific region. India's emergence from economic stagnation is beginning to have a profound impact on the world economy, including Australia. This project aims to investigate the sources of India's growth and the reforms needed to ensure that growth generates reductions in poverty and ensures equity and political stability.
Economic Growth and Real Exchange Rates. Exchange rate movements are important elements of Australia's economic environment. Protectionist interests in the US and Europe, constrained by WTO trade rules, accuse East Asian economies of deliberate undervaluation. While exchange rate movements are not readily predictable in the short run, long run changes in underlying real exchange rates are amenable to economic analysis using structural models. The clearer understanding of these forces, toward ....Economic Growth and Real Exchange Rates. Exchange rate movements are important elements of Australia's economic environment. Protectionist interests in the US and Europe, constrained by WTO trade rules, accuse East Asian economies of deliberate undervaluation. While exchange rate movements are not readily predictable in the short run, long run changes in underlying real exchange rates are amenable to economic analysis using structural models. The clearer understanding of these forces, toward which this project is directed, will better guide investment in the region, including in Australia, and more importantly, it will better inform future policy debates surrounding currency movements.Read moreRead less
Automation and Income Inequality: Macroeconomic Policy Implications. The transition to wider use of robotics and artificial intelligence may eventually make our citizens better off, yet effects on domestic income and wealth inequality remain uncertain, depending strongly on general governance and macroeconomic policy regimes. This project would help clarify income inequality effects, both abroad and in Australia, through (i) new numerical theory from calibrated economic models at the global and ....Automation and Income Inequality: Macroeconomic Policy Implications. The transition to wider use of robotics and artificial intelligence may eventually make our citizens better off, yet effects on domestic income and wealth inequality remain uncertain, depending strongly on general governance and macroeconomic policy regimes. This project would help clarify income inequality effects, both abroad and in Australia, through (i) new numerical theory from calibrated economic models at the global and national levels; (ii) econometric testing of results from global and national data; (iii) the use of emerging insights to analyse economic policy responses and their global interaction as well as the implications for Australian economic policyRead moreRead less
Provable elimination of information leakage through timing channels. This project aims to develop techniques to solve the issue in information security of unauthorised information flow resulting from competition for shared hardware resources. The project will combine operating systems design, formal hardware models, information-flow reasoning and theorem proving to achieve a goal that is widely considered infeasible. The project is expected to result in a system that prevents leakage of critical ....Provable elimination of information leakage through timing channels. This project aims to develop techniques to solve the issue in information security of unauthorised information flow resulting from competition for shared hardware resources. The project will combine operating systems design, formal hardware models, information-flow reasoning and theorem proving to achieve a goal that is widely considered infeasible. The project is expected to result in a system that prevents leakage of critical information, such as encryption keys, through timing channels. This should prevent sophisticated attacks on public clouds, mobile devices and military-grade cross-domain devices.Read moreRead less
Signal Processing for Reconfigurable Antennas – a Multidisciplinary Approach for Next Generation Wireless Communications. To satisfy the enormous demand for wireless applications with scarce radio spectrum, new technologies must be researched, developed, and then employed. Reconfigurable antennas, through morphing their physical structures with various switches, can adapt to the radio propagation environment, thereby increasing spectrum efficiency and power efficiency of wireless communications. ....Signal Processing for Reconfigurable Antennas – a Multidisciplinary Approach for Next Generation Wireless Communications. To satisfy the enormous demand for wireless applications with scarce radio spectrum, new technologies must be researched, developed, and then employed. Reconfigurable antennas, through morphing their physical structures with various switches, can adapt to the radio propagation environment, thereby increasing spectrum efficiency and power efficiency of wireless communications. This project aims to design signal processing algorithms for achieving all the benefits that reconfigurable antennas can provide for wireless communications. An important outcome of this research is sound channel models validated by extensive field measurement data.Read moreRead less
Energy big data analytics from a cybersecurity perspective. This project aims to develop a framework on energy big data analytics from security and privacy perspectives. Unlike other big data analytics such as social network big data analytics, energy big data analytics involve research challenges on how to cope with real-time tight cyber-physical couplings, and security/safety of the smart grid system. This project will develop advanced data-driven algorithms that are capable of detecting coord ....Energy big data analytics from a cybersecurity perspective. This project aims to develop a framework on energy big data analytics from security and privacy perspectives. Unlike other big data analytics such as social network big data analytics, energy big data analytics involve research challenges on how to cope with real-time tight cyber-physical couplings, and security/safety of the smart grid system. This project will develop advanced data-driven algorithms that are capable of detecting coordinated cyber-attacks that will potentially lead to catastrophic cascaded failures; and develop new solutions in detecting the false data-injection attacks that are conventionally considered as unobservable. This project will provide the benefit of enhancing our national critical infrastructure's security.Read moreRead less