Understanding the Behaviour and Impact of Bond Markets. An improved understanding of the way in which the timing of transactions on financial markets interact enables better choices to be made in terms of designing market systems and conventions. The US Treasury market is arguably the most important market in the world, and uses an expandable limit order book. Better understanding of this market will help in choices about new system design, and in how news transmitted through this market may im ....Understanding the Behaviour and Impact of Bond Markets. An improved understanding of the way in which the timing of transactions on financial markets interact enables better choices to be made in terms of designing market systems and conventions. The US Treasury market is arguably the most important market in the world, and uses an expandable limit order book. Better understanding of this market will help in choices about new system design, and in how news transmitted through this market may impact on other markets. In particular this project will consider the role of the microstructure of the US Treasury market in the 2007-2008 financial crisis.Read moreRead less
Change Detection in Causal Relationships and Measurement of Systemic Risk. Empirical measures of interconnectedness between financial institutions based on tests of Granger causality are currently used in detecting systemic risk. However, researchers need to define periods of calm and stress exogenously in order to implement these tests appropriately. This project aims to develop a new procedure to identify changes in causal relationships and the timing of these changes. The new approach has the ....Change Detection in Causal Relationships and Measurement of Systemic Risk. Empirical measures of interconnectedness between financial institutions based on tests of Granger causality are currently used in detecting systemic risk. However, researchers need to define periods of calm and stress exogenously in order to implement these tests appropriately. This project aims to develop a new procedure to identify changes in causal relationships and the timing of these changes. The new approach has the potential to be a significant improvement in the real-time identification of emerging turmoil in financial markets and provide an improved method for the detection of systemic risk. The new test procedure will be implemented using data for financial and non-financial institutions across Europe, the US and Australia.Read moreRead less
Household mortgage choice: theoretical and empirical evidence. A house is often the largest component of household assets, and financing its purchase involves choosing a mortgage product from many alternatives. Inefficiencies and incompleteness in mortgage markets have important consequences. This project uncovers theoretical and empirical evidence on why Australians choose particular mortgage products.
Capital Offending: Income, Work and Crime in Australia’s Convict Era. At least 60 per cent of Australia’s current prison population has been in prison before. By contrast a mere 18 per cent of transported convicts were re-incarcerated following release. This project aims to use information on the bank accounts maintained for convicts while under sentence to measure the relationship between capital formation and post-sentence marriage, migration and reconviction rates. It will look in particular ....Capital Offending: Income, Work and Crime in Australia’s Convict Era. At least 60 per cent of Australia’s current prison population has been in prison before. By contrast a mere 18 per cent of transported convicts were re-incarcerated following release. This project aims to use information on the bank accounts maintained for convicts while under sentence to measure the relationship between capital formation and post-sentence marriage, migration and reconviction rates. It will look in particular at the extent to which skills, employment opportunities and asset accumulation enabled former transported convicts to go straight. It will also result in improved archival search engines enabling access for members of the public to internationally recognised record groups hitherto held by different institutions.Read moreRead less
Detecting financial contagion using high frequency data. Financial crises spread extraordinarily quickly. However, existing tools for measuring this spread use relatively low frequency data. This project develops tools for measuring and detecting periods of stress and the effects of financial contagion in financial markets, using high frequency data based on recorded transaction prices.
Discovery Early Career Researcher Award - Grant ID: DE130100967
Funder
Australian Research Council
Funding Amount
$375,000.00
Summary
Understanding the effects of sovereign default risk on economic fluctuations in open economies. The recent financial crisis has shown that the possibility of sovereign default is no longer an exclusive feature of developing countries. This project incorporates default risk into structural modeling of how foreign disturbances affect the domestic economy. Our results will aid in developing policy responses to adverse macroeconomic events.
An Evaluation of Suspended Sentences of Imprisonment. A suspended sentence is a fixed term of imprisonment, the execution of which has been suspended in whole or in part. It is widely used in most Australian jurisdictions. A conflict between public and legal perceptions about the severity of this sanction contributes to a lack of public confidence in the criminal justice system and makes abolition or restrictions on the use of suspended sentences a real possibility when governments feel pressure ....An Evaluation of Suspended Sentences of Imprisonment. A suspended sentence is a fixed term of imprisonment, the execution of which has been suspended in whole or in part. It is widely used in most Australian jurisdictions. A conflict between public and legal perceptions about the severity of this sanction contributes to a lack of public confidence in the criminal justice system and makes abolition or restrictions on the use of suspended sentences a real possibility when governments feel pressured to be tough on crime. This project aims to explore the use of the suspended sentence and to evaluate its efficacy as an alternative to imprisonment.
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Farming 4 Care: Using nature to cultivate resilience in young people. This project aims to explore how passive and active engagement with nature might influence outcomes for young people who have experienced trauma, maltreatment and disrupted families. These people are extremely vulnerable, but often slip through the system. As they rarely engage in traditional therapy, non-traditional interventions may offer a viable alternative that should be explored and harnessed for this population. In addi ....Farming 4 Care: Using nature to cultivate resilience in young people. This project aims to explore how passive and active engagement with nature might influence outcomes for young people who have experienced trauma, maltreatment and disrupted families. These people are extremely vulnerable, but often slip through the system. As they rarely engage in traditional therapy, non-traditional interventions may offer a viable alternative that should be explored and harnessed for this population. In addition, traditional interventions are delivered at enormous cost and with minimal success for this group. Using an innovative multidisciplinary design, the project plans to test four hypotheses about nature engagement to contribute to the growing field of nature-based interventions. Our approach offers an alternative that draws on existing community resources and benefits local organisations, young people and farmers.Read moreRead less
Discovery Early Career Researcher Award - Grant ID: DE210100784
Funder
Australian Research Council
Funding Amount
$400,728.00
Summary
The nexus between organisational trust and collaboration in disasters . This project will use empirical investigation to develop a multidimensional model depicting the organisational practices that are vital for quickly establishing and maintaining trusting relationships in emergency management collaboration. Trust is the crucial but often neglected element that determines the success of collaboration. Expected outcomes include the creation of the first rigorously established knowledge base for ....The nexus between organisational trust and collaboration in disasters . This project will use empirical investigation to develop a multidimensional model depicting the organisational practices that are vital for quickly establishing and maintaining trusting relationships in emergency management collaboration. Trust is the crucial but often neglected element that determines the success of collaboration. Expected outcomes include the creation of the first rigorously established knowledge base for understanding what mechanisms are effective to overcome conflicting cultures in Australian emergency management arrangements and successfully build trusting relationships. This should provide significant benefits for all organisations when collaborating in the response to, and recovery from, disasters.Read moreRead less
Discovery Early Career Researcher Award - Grant ID: DE200101182
Funder
Australian Research Council
Funding Amount
$395,945.00
Summary
Problem families in the 21st century: policy, practice, outcomes. The project aims to investigate intractable intergenerational disadvantage by critically examining policy and practice in relation to so-called problem families. It expects to generate new knowledge for social work, policy and welfare by documenting how problem families are understood and managed through the key areas of data linkage, priority investment, income management and family support, and how these areas might be shaped by ....Problem families in the 21st century: policy, practice, outcomes. The project aims to investigate intractable intergenerational disadvantage by critically examining policy and practice in relation to so-called problem families. It expects to generate new knowledge for social work, policy and welfare by documenting how problem families are understood and managed through the key areas of data linkage, priority investment, income management and family support, and how these areas might be shaped by emerging fields including data analytics and epigenetics. Expected outcomes include greater practitioner capacity to engage with the implications of intergenerational disadvantage and dysfunction. This should provide significant benefits including more effective interventions and a richer evidence base for policy.Read moreRead less