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Refined Inference On Long Memory In Realized Volatility, Peter C. B. Phillips, Offer Lieberman Jan 2008

Refined Inference On Long Memory In Realized Volatility, Peter C. B. Phillips, Offer Lieberman

Research Collection School Of Economics

There is an emerging consensus in empirical finance that realized volatility series typically display long range dependence with a memory parameter around 0.4 (Andersen et al., 2001; Martens et al., 2004). The present article provides some illustrative analysis of how long memory may arise from the accumulative process underlying realized volatility. The article also uses results in Lieberman and Phillips (2004, 2005) to refine statistical inference about by higher order theory. Standard asymptotic theory has an error rate for error rejection probabilities, and the theory used here refines the approximation to an error rate of. The new formula is independent …


Hong Kong's Money: The History, Logic And Operation Of The Currency Peg, Hwee Kwan Chow Jan 2008

Hong Kong's Money: The History, Logic And Operation Of The Currency Peg, Hwee Kwan Chow

Research Collection School Of Economics

No abstract provided.


Unit Root Model Selection, Peter C. B. Phillips Jan 2008

Unit Root Model Selection, Peter C. B. Phillips

Research Collection School Of Economics

Some limit properties for information based model selection criteria are given in the context of unit root evaluation and various assumptions about initial conditions. Allowing for a nonparametric short memory component, standard information criteria are shown to be weakly consistent for a unit root provided the penalty coefficient Cn?? and Cn/n?0 as n??. Strong consistency holds when Cn/(log logn)3?? under conventional assumptions on initial conditions and under a slightly stronger condition when initial conditions are infinitely distant in the unit root model. The limit distribution of the AIC criterion is obtained.


Settlement Agreements As Defences To Unjust Enrichment Claims, Hang Wu Tang Jan 2008

Settlement Agreements As Defences To Unjust Enrichment Claims, Hang Wu Tang

Research Collection Yong Pung How School Of Law

There is unanimity that where there is a contract of settlement, an unjust enrichment claim is barred.  However, there is uncertainty in this area because it is sometimes quite difficult to determine whether a contract of settlement has been concluded between the parties.  This essay will consider the various tests for determining the boundaries of a settlement contract. In the absence of an express settlement agreement, the argument made in this paper is that the most satisfactory and practical approach to deciding whether there is an implied settlement agreement is to focus on whether the payor was consciously aware of …


The Asean Charter As "Legs To Go Places": Ideational Norms And Pragmatic Legalism In Community Building In Southeast Asia, Eugene K. B. Tan Jan 2008

The Asean Charter As "Legs To Go Places": Ideational Norms And Pragmatic Legalism In Community Building In Southeast Asia, Eugene K. B. Tan

Research Collection Yong Pung How School Of Law

The Charter of the Association of Southeast Asian Nations (ASEAN) has been hailed as a legal instrument that would integrate the ten constituent members as a community and a regional organization. Ostensibly, the Charter has three strategic thrusts in support of the vision of the ASEAN Community. The first is to formalize ASEAN as an institution while streamlining its decision-making processes. Secondly, the Charter seeks to strengthen ASEAN institutions. Thirdly, it seeks to establish mechanisms to monitor compliance and settle disputes. The article considers the extent to which the Charter will help ASEAN achieve its aims. This is especially pertinent …


Balancing Competing Interests In Bankruptcy: Discharge By Certificate Of The Official Assignee In Singapore, S. Chandra Mohan Jan 2008

Balancing Competing Interests In Bankruptcy: Discharge By Certificate Of The Official Assignee In Singapore, S. Chandra Mohan

Research Collection Yong Pung How School Of Law

After more than a hundred years, Singapore made major reforms to its bankruptcy laws in 1995. These changes attracted considerable public interest, with the Government taking pains to emphasise that the new law was designed to strike a balance between the interest of the debtor, the creditor and society. The greatest scrutiny of the provisions, to determine whether in law and in practice the competing interests of debtors and creditors could effectively be balanced, was in respect of the discharge provisions. In this article, the writer, who was then the Official Assignee, discusses how the novel remedy of discharge by …


Choice Of Law For Unjust Enrichment/Restitution And The Rome Ii Regulation, Adeline Chong Jan 2008

Choice Of Law For Unjust Enrichment/Restitution And The Rome Ii Regulation, Adeline Chong

Research Collection Yong Pung How School Of Law

After being considered as niche territory for a long period, conflicts of law and restitution has provided a fertile ground for exposition in recent times. Whilst some development on the jurisdictional front has occurred, choice of law has lagged behind somewhat as, in England at least, no one seemed to be quite sure what was or should be the choice of law rule for restitutionary claims. However, the Regulation of the European Parliament and of the Council on the law applicable to non-contractual obligations (commonly known as the Rome II Regulation) has now entered into force and will apply from …


Distinguished Visitors: The Honourable Murray Gleeson Ac Chief Justice Of Australia, Yihan Goh, Nathaniel Khng Jan 2008

Distinguished Visitors: The Honourable Murray Gleeson Ac Chief Justice Of Australia, Yihan Goh, Nathaniel Khng

Research Collection Yong Pung How School Of Law

No abstract provided.


Beyond The Torrens Mirror: A Framework Of The In Personam Exception To Indefeasibility, Hang Wu Tang Jan 2008

Beyond The Torrens Mirror: A Framework Of The In Personam Exception To Indefeasibility, Hang Wu Tang

Research Collection Yong Pung How School Of Law

One of the central tenets of the Torrens system is that the registered proprietor is conferred indefeasible title. Indefeasibility of title is subject to cm in personam exception. The content of the in personam exception to indefensibility has been a source of debute in many Torrens jurisdictions. The purpose of this article is to map out a theoretical structure to analyse the ambit of the in personam exception so as to provide a principled development of the law in this area. This article will also attempt to explain how this proposed theoretical structure of the in personam exception deals with …


Civil Liabilities For False Or Misleading Statements Made By Listed Companies To The Securities Markets In Singapore, Wai Yee Wan Jan 2008

Civil Liabilities For False Or Misleading Statements Made By Listed Companies To The Securities Markets In Singapore, Wai Yee Wan

Research Collection Yong Pung How School Of Law

This article examines the scope and efficacy of the civil remedies available to investors against listed companies which have made false or misleading statements in the secondary securities market in Singapore, both at common law and the statutory compensation scheme under the Securities and Futures Act. It argues that there are a number of limitations faced by such investors in bringing claims founded in tort law against the listed companies. While the statutory compensation scheme attempts to improve the position of investors, there are a number of deficiencies in the scheme the most significant of which is the ceiling on …


Pre-Commencement Discovery And The Odex Litigation: Copyright Versus Confidentiality Or Is It Privacy?, Sze Shun, George Wei Jan 2008

Pre-Commencement Discovery And The Odex Litigation: Copyright Versus Confidentiality Or Is It Privacy?, Sze Shun, George Wei

Research Collection Yong Pung How School Of Law

This article examines whether internet service providers are under any duty to disclose the names of subscribers whose accounts can be shown to be associated with infringing activity. This question involves tension between the economic interests of copyright owners/licensees, the privacy interests of internet users and the economic interests of the internet service provider. This tension in turn raises age-old problems of balance and proportionality between privacy, confidentiality and other competing rights and freedoms as well as the interests of society at large. The article concludes by briefly touching on privacy areas from outside of copyright and the Internet: including …


Legal Education, Philosophy And Values Consciousness Of The Law Student, Seow Hon Tan Jan 2008

Legal Education, Philosophy And Values Consciousness Of The Law Student, Seow Hon Tan

Research Collection Yong Pung How School Of Law

The value of teaching philosophy in law schools has been the subject of considerable debate, with detractors in practice and academia questioning its utility for professional practice. This paper suggests that teaching legal philosophy in law schools is necessary to challenge the law student to develop her own theory about law, its legitimacy, and its relation to justice, morality, power and rationality. Through such theoretical understanding, the law student acquires a sensitivity to, and concern for, the ideals underlying the law. Only when students’ hearts and minds are critically engaged on fundamental questions may they meaningfully understand their role and …


Tobacco Control And The Role Of Litigation: A Survey Of Issues In Law, Policy, And Economics, Basil C. Bitas, Pedro B. Barros Jan 2008

Tobacco Control And The Role Of Litigation: A Survey Of Issues In Law, Policy, And Economics, Basil C. Bitas, Pedro B. Barros

Research Collection Yong Pung How School Of Law

No abstract provided.


Natural Justice: A Case For Uniform Rigour, Siyuan Chen, Lionel Leo Jan 2008

Natural Justice: A Case For Uniform Rigour, Siyuan Chen, Lionel Leo

Research Collection Yong Pung How School Of Law

This note considers if there is a discernible framework in which courts resolve alleged claims of breaches of natural justice. On the one hand, once it has been ascertained that the rules of natural justice apply, the court will look at all the circumstances of the case to determine if there has been any u nfairness. On the other hand, it has been suggested th even assuming the rules of natural justice apply, there can be varying degrees of rigour in which they are enforced, a sliding scale of sorts.


Resisting The Socialist Fetish, Shubhankar Dam Jan 2008

Resisting The Socialist Fetish, Shubhankar Dam

Research Collection Yong Pung How School Of Law

No abstract provided.


Private Query On Encrypted Data In Multi-User Setting, Feng Bao, Robert H. Deng, Xuhua Ding, Yanjiang Yang Jan 2008

Private Query On Encrypted Data In Multi-User Setting, Feng Bao, Robert H. Deng, Xuhua Ding, Yanjiang Yang

Research Collection School Of Computing and Information Systems

Searchable encryption schemes allow users to perform keyword based searches on an encrypted database. Almost all existing such schemes only consider the scenario where a single user acts as both the data owner and the querier. However, most databases in practice do not just serve one user; instead, they support search and write operations by multiple users. In this paper, we systematically study searchable encryption in a practical multi-user setting. Our results include a set of security notions for multi-user searchable encryption as well as a construction which is provably secure under the newly introduced security notions.


Do Sages Have Emotions?, Alan Kam Leung Chan Jan 2008

Do Sages Have Emotions?, Alan Kam Leung Chan

Research Collection College of Integrative Studies

Contemporary discussions of Confucian philosophy may tend to privilege certain key ethical concepts such as “benevolence“ (ren 仁) and “filial piety” (xiao 孝), but in traditional China much of the Confucian hermeneutical and philosophical enterprise revolved around the figure of the ideal “sage” (shengren 聖 人 ). Virtues are neither abstract nor self-existing; they are seen to cohere and find profound expression in the being of the sage. In this context, “sagehood“ thus emerges as a critical concern in Confucian self-understanding. Can sagehood be attained? Can the “average person” (zhongren 中人), indeed, become like Confucius, the sage par excellence, who …


Rationalising The Regime Of Compulsory Patent Licensing By The Essential Facilities Doctrine, Kung-Chung Liu Jan 2008

Rationalising The Regime Of Compulsory Patent Licensing By The Essential Facilities Doctrine, Kung-Chung Liu

Research Collection Yong Pung How School Of Law

Where intellectual property rights (IP) owned by dominant undertakings are indispensable and impossible for other market players to replicate or acquire, the refusal to grant license to use such IP may cause serious harm to vital public interests, such as the supply of life-saving drugs, of technology that protects the environment, the compliance with de jure or de facto industry standards and the preservation of competition in markets with network effects or strong need for compatibility and interoperability


The Stress-Affiliation Paradigm Revisited: Do People Prefer The Kindness Of Strangers Or Their Attractiveness?, Norman P. Li, Rose A. Halterman, Margaret J. Cason, George P. Knight, Jon K. Maner Jan 2008

The Stress-Affiliation Paradigm Revisited: Do People Prefer The Kindness Of Strangers Or Their Attractiveness?, Norman P. Li, Rose A. Halterman, Margaret J. Cason, George P. Knight, Jon K. Maner

Research Collection School of Social Sciences

Two studies employed a classic affiliation-under-stress paradigm and examined people's preferences for affiliating with kind versus attractive same- and opposite-sex targets. When men were under default conditions of low stress, they preferred to affiliate with attractive women. However, men placed in a high stress situation instead preferred to interact with kind women. Regardless of stress level, women preferred to affiliate with kind, rather than attractive, men. When choosing among interaction partners of their own sex, participants uniformly chose to interact with kind others, regardless of stress level. This research builds on traditional stress-affiliation research, which has focused on whether people …


Sanctions Against Belarus: Normative Unintended, Clara Portela Jan 2008

Sanctions Against Belarus: Normative Unintended, Clara Portela

Research Collection School of Social Sciences

The goals pursued by the EU vis-à-vis Belarus through its sanctions policies are unequivocally normative. The EU refers to the ‘violations of international electoral standards’ in the 2006 presidential elections and the ‘crackdown on civil society and democratic opposition’ as the primary reasons for the imposition of sanctions. The EU sanctions strategy against Belarus has followed an incrementalist logic, unfolding in parallel to the evolution of the Belarusian state towards authoritarianism.


The Well-Being Of Nations: Linking Together Trust, Cooperation, And Democracy, William Tov, Ed Diener Jan 2008

The Well-Being Of Nations: Linking Together Trust, Cooperation, And Democracy, William Tov, Ed Diener

Research Collection School of Social Sciences

The theme of this chapter is that cooperative and trusting social relationships tend to enhance people’s subjective well-being (happiness and life satisfaction), and that in turn positive feelings of well-being tend to augment cooperation and trust. Extensive empirical work now supports the fact that sociability, interpersonal warmth, community involvement, and interpersonal trust are heightened by positive emotions. New analyses based on the World Value Survey show that nations that are high on subjective well-being (SWB) also tend to be high on generalized trust, volunteerism, and democratic attitudes. Additional analyses indicate that the association of SWB to volunteerism and democratic attitudes …


On Being A Mindful Authoritarian: Is Need For Cognition Always Associated With Greater Tolerance Of Deviant And Stigmatized Groups?, Kim-Pong Tam, Angela K. Y. Leung, Chi-Yue Chiu Jan 2008

On Being A Mindful Authoritarian: Is Need For Cognition Always Associated With Greater Tolerance Of Deviant And Stigmatized Groups?, Kim-Pong Tam, Angela K. Y. Leung, Chi-Yue Chiu

Research Collection School of Social Sciences

Previous research shows that the motivation to be mindful is associated with less intolerance toward deviant and stigmatized groups. The present research examines authoritarianism as a possible moderator of this seemingly robust finding. We obtained consistent evidence from two studies that authoritarianism (right-wing authoritarianism, social dominance orientation) moderates the relationship between need for cognition and punitiveness. Among low authoritarians, need for cognition was negatively associated with punitiveness and dispositional attribution of crimes and positively associated with support for rehabilitation of criminals. However, among high authoritarians, the pattern reversed. These results are discussed in the context of some recent advances in …


Ethnic Differentials In Parental Health Seeking For Childhood Illness In Vietnam, Bussarawan Teerawichitchainan, James F. Phillips Jan 2008

Ethnic Differentials In Parental Health Seeking For Childhood Illness In Vietnam, Bussarawan Teerawichitchainan, James F. Phillips

Research Collection School of Social Sciences

Vietnam's sustained investment in primary healthcare since the onset of socialism has lowered infant and childhood mortality rates and improved life expectancy, exceeding progress achieved in other poor countries with comparable levels of income per capita. The recent introduction of user fees for primary healthcare services has generated concern that economic policies may have adversely affected health-seeking behavior and health outcomes of the poor, particularly among impoverished families who are members of socially marginalized minority groups. This paper examines this debate by analyzing parental recall of illness and care-seeking for sick children under the age of 5 years recorded by …


Columbia University/Vireo-Cityu/Irit Trecvid2008 High-Level Feature Extraction And Interactive Video Search, Shih-Fu Chang, Junfeng He, Yu-Gang Jiang, Elie El Khoury, Chong-Wah Ngo, Akira Yanagawa, Eric Zavesky Jan 2008

Columbia University/Vireo-Cityu/Irit Trecvid2008 High-Level Feature Extraction And Interactive Video Search, Shih-Fu Chang, Junfeng He, Yu-Gang Jiang, Elie El Khoury, Chong-Wah Ngo, Akira Yanagawa, Eric Zavesky

Research Collection School Of Computing and Information Systems

In this report, we present overview and comparative analysis of our HLF detection system, which achieves the top performance among all type-A submissions in 2008. We also describe preliminary evaluation of our video search system, CuZero, in the interactive search task.


Concept Detection: Convergence To Local Features And Opportunities Beyond, Shih-Fu Chang, Junfeng He, Yu-Gang Jiang, Elie El Khoury, Chong-Wah Ngo, Akira Yanagawa, Eric Zavesky Jan 2008

Concept Detection: Convergence To Local Features And Opportunities Beyond, Shih-Fu Chang, Junfeng He, Yu-Gang Jiang, Elie El Khoury, Chong-Wah Ngo, Akira Yanagawa, Eric Zavesky

Research Collection School Of Computing and Information Systems

No abstract provided.


Document Selection For Extracting Entity And Relationship Instances Of Terrorist Events, Zhen Sun, Ee Peng Lim, Kuiyu Chang, Maggy Anastasia Suryanto, Rohan Kumar Gunaratna Jan 2008

Document Selection For Extracting Entity And Relationship Instances Of Terrorist Events, Zhen Sun, Ee Peng Lim, Kuiyu Chang, Maggy Anastasia Suryanto, Rohan Kumar Gunaratna

Research Collection School Of Computing and Information Systems

In this chapter, we study the problem of selecting documents so as to extract terrorist event information from a collection of documents. We represent an event by its entity and relation instances. Very often, these entity and relation instances have to be extracted from multiple documents. We therefore define an information extraction (IE) task as selecting documents and extracting from which entity and relation instances relevant to a user-specified event (aka domain specific event entity and relation extraction). We adopt domain specific IE patterns to extract potentially relevant entity and relation instances from documents, and develop a number of document …


The Oil Drilling Model And Iterative Deepening Genetic Annealing Algorithm For The Traveling Salesman Problem, Hoong Chuin Lau, Fei Xiao Jan 2008

The Oil Drilling Model And Iterative Deepening Genetic Annealing Algorithm For The Traveling Salesman Problem, Hoong Chuin Lau, Fei Xiao

Research Collection School Of Computing and Information Systems

In this work, we liken the solving of combinatorial optimization problems under a prescribed computational budget as hunting for oil in an unexplored ground. Using this generic model, we instantiate an iterative deepening genetic annealing (IDGA) algorithm, which is a variant of memetic algorithms. Computational results on the traveling salesman problem show that IDGA is more effective than standard genetic algorithms or simulated annealing algorithms or a straightforward hybrid of them. Our model is readily applicable to solve other combinatorial optimization problems.


When You Have To Dump It, M. Thulasidas Jan 2008

When You Have To Dump It, M. Thulasidas

Research Collection School Of Computing and Information Systems

It makes sense to cut further losses and such containment efforts are routine events in most establishments.


Collective Outsourcing To Market (Com): A Market-Based Framework For Information Supply Chain Outsourcing, Fang Fang, Zhiling Guo, Andrew B. Whinston Jan 2008

Collective Outsourcing To Market (Com): A Market-Based Framework For Information Supply Chain Outsourcing, Fang Fang, Zhiling Guo, Andrew B. Whinston

Research Collection School Of Computing and Information Systems

This paper discusses the importance of and a solution to separating the information flow from the physical product flow in a supply chain. Motivated by the inefficient demand forecast caused by information asymmetry and lack of an incentive among supply chain partners to share valuable information, we propose a radically new framework called collective outsourcing to market (COM) to address many information supply chain design challenges. To validate the COM framework, we consider a supply chain with one manufacturer and multiple downstream retailers. Retailers privately acquire demand forecast information that they do not have incentive to share horizontally with other …


Values, Ideologies, And Frames Of Reference In Employment Relations, John W. Budd, Devasheesh P. Bhave Jan 2008

Values, Ideologies, And Frames Of Reference In Employment Relations, John W. Budd, Devasheesh P. Bhave

Research Collection Lee Kong Chian School Of Business

Employment relations—which form most of the 20th century was called industrial relations, and what some now call human resources and industrial relations—is a multidisciplinary field studying all aspects of work and the employment relationship (Ackers and Wilkinson, 2003; Budd, 2004; Kaufm an, 2004). A multidisciplinary approach means that competing values and assumptions underlie the analyses, policies, and practices of employment relations scholars, practitioners, and policymakers. Unfortunately, these underlying beliefs are often implicit rather than explicit, or, with the longstanding focus on how industrial relations processes work, sometimes ignored altogether. But understanding the employment relationship, corporate human resource management practices, labor …