When programmers get together to talk, the conversation is likely at some point to turn from .NET frameworks or memory usage patterns to copyrights, patents, or trade secrets. People in the computer field realize that a cluster of legal concerns known as intellectual property (IP) plays a big role in its development. Consider just a few of the headline-making legal issues in technology over the…
Risk is a quantitative evaluation of the potential damage caused by an attack, a vulnerability, or an event impacting the set of company IT assets. A vulnerability (or weakness) is a lack of a safeguard, which may be exploited by a threat, causing harm to the information systems; specifically it can be a software flaw that permits an exogenous agent to use a computer system without authorizat…
This paper reviews a number of recent surveys relevant to risk management by UK insurers. These include the results of four surveys specifically on UK insurers. Our findings suggest that the risk management practices of UK insurers are variable, generally behind best practices in adjacent sectors, and in some cases are a cause of concern. However, we also find that they have been improving sign…
This booklet for teachers is the second of the three books in the “Towards Excellence...” series. These books were first authored and published by me with generous financial help from the Director, St. Joseph Engineering College, Vamanjoor, Mangalore, India, and distributed for free to schools, Pre-University, Degree and Professional colleges in Mangalore Dioces area. The books were receive…
The class of Lévy processes consists of all stochastic processes with stationary and independent increments; here ‘stationarity’ means that increments corresponding to a fixed time interval are identically distributed, whereas ‘independence’ refers to the property that increments corresponding to non-overlapping time intervals behave statistically independently. As such, Lévy proces…
This paper examines how developing countries can embark on a sustained path of strong investment, capital accumulation and economic growth without capital imports. It is argued that the key lies in the Keynesian-Schumpeterian credit-investment nexus: Given certain preconditions, the central bank can allow a credit expansion which finances new investment and creates the savings necessary to …
The Micro, Small and Medium-sized Enterprises (MSME) strategy focuses on the core elements of the Bank’s approach towards supporting the development of MSMEs in its countries of operation. Support for MSMEs is central to the Bank’s transition mandate, and the document sets out the underlying principles of EBRD’s activities in the sector going forward. The strategy further aims to out…