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Daily Archives: February 13, 2015

Why Institutions Matter? The Recent Experience of the United States and the European Union

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Shachmurove, Yochanan and Kowalski, Tadeusz, Why Institutions Matter? The Recent Experience of the United States and the European Union (February 11, 2015). Available for download at SSRN: http://ssrn.com/abstract=2563820

“This paper assesses the reactions of the United States and the twelve economies of the European Monetary Union (EMU) to the financial crisis of 2008-2009. The rapidly spreading financial and economic contagion uncovered structural problems of each member of the EMU that impacted their relative competitiveness. Furthermore, the crisis highlights the scale and scope of interdependences in the world economy. It unveiled economic and institutional flaws in the EMU, the European Union (EU) and the U.S. Additionally, in the U.S., the crisis brought to light institutional and industry conflicts of interest, as well as glaring regulatory failures.“

Embezzlement, Whistleblowing, and Organizational Structure

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Makowsky, Michael D. and Wang, Siyu, Embezzlement, Whistleblowing, and Organizational Structure (February 12, 2015). Available for download at SSRN: http://ssrn.com/abstract=2563849 “We build and test a theoretical framework which captures the key features of embezzlement and whistleblowing within different organizational structures. The model is a synthesis of an inverted public goods game and an ultimatum game… Continue Reading

Agile Government Handbook

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 “The U.S. federal TechFAR Handbook highlights six key reasons why government should adopt Agile for IT project management and development. Improvement in investment manageability and budgetary feasibility Reduction of overall risk Frequent delivery of usable capabilities that provide value to customers more rapidly Increased flexibility Creation of new opportunities for small businesses Greater visibility into… Continue Reading

The Target and Other Financial Data Breaches: Frequently Asked Questions

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The Target and Other Financial Data Breaches: Frequently Asked Questions “In November and December of 2013, cybercriminals breached the data security of Target, one of the largest U.S. retail chains, stealing the personal and financial information of millions of customers. On December 19, 2013, Target confirmed that some 40 million credit and debit card account… Continue Reading

Scientists develop comparative search engine that helps to predict human gene function

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“The Human Genome Project wrapped up over a decade ago, yet around a third of the genome remains mysterious, its function unknown. Now, School of Medicine researchers have developed a comparative search engine that uses evolutionary correlations between human and other species’ genes to help identify human gene function.” After the human genome was sequenced,… Continue Reading

Monetary Policy and the Federal Reserve: Current Policy and Conditions

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Monetary Policy and the Federal Reserve: Current Policy and Conditions. Marc Labonte, Specialist in Macroeconomic Policy. February 9, 2015. “The Federal Reserve (the Fed) defines monetary policy as its actions to influence the availability and cost of money and credit. Because the expectations of market participants play an important role in determining prices and economic… Continue Reading

Information Overload: The Differences That Age Makes

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Journal of Librarianship and Information Science January 18, 2015 0961000614566341. Jennifer C Benselin “Information overload has long been studied as a phenomenon that causes problems at the personal, social and organisational level. This study investigates overload from a new angle, that of the influence of age on perceptions of information overload. A combination of questionnaires,… Continue Reading