2 Abstract This paper provides a framework for examining developing-country financial crisis. It is based upon Hyman Minsky's financial fragility thesis and applied to the case of Thailand 1984-1999. There is empirical evidence for the evolution of the Thai economy through the Minskian regimes (hedged through speculative to Ponzi) in the period prior to the onset of the 1997 Asian crisis. Evide...

We propose a framework to evaluate the risk incurred when managing users and permissions through RBAC. The risk analysis framework does not require roles to be defined, thus making it applicable before the role engineering phase. In particular, the proposed approach highlights users and permissions that markedly deviate from others, and that might consequently be prone to error when roles are o...

This paper presents a methodology for anticipating failures in a component up to the end of its life cycle. Often, feedback data is not sufficient and must be complemented by the analysis of expert judgment. The methodology developed aims at anticipating the degradation mechanisms responsible for aging, and evaluating their relevance and related uncertainties. This is necessary information for ...

utility computing, reachability, security modelling, object oriented logical models, security properties, risk analysis In this paper we consider how logic-based object modelling techniques may be used to help Utility Providers and their customers obtain insight concerning the security characteristics of utility infrastructure and networked systems. We briefly describe two modelling tool protot...

The objective of this article is to discuss the potential of economic analysis as a tool for identification and evaluation of corruption in legislative acts. We propose that corruption be perceived as a risk variable within the legislative process. Therefore we find it appropriate to employ risk analysis methods, used in various fields of economics, for the evaluation of corruption in legislati...

This paper reviews and discusses some key concept and principles of risk analysis and risk management, based on a set of statements, formulated as myths about risk. Examples of such myths are: risk is equal to the expected value, risk equals uncertainty, risk can be expressed by probabilities, risk is equal to an event, risk acceptance criteria contribute to obtaining a high safety standard, an...

The problem of coding low-entropy information sources is considered. Since the run-length code was offered about 50 years ago by Shannon, it is known that for such sources there exist coding methods much simpler than for sources of a general type. However, known coding methods of low-entropy sources do not reach the given redundancy. In this correspondence, a new method of coding low-entropy so...

The characterisation of uncertainty and risk analysis are two research domains that have many common elements. Specifically, they are both based on an acknowledgment that decisions are never made using perfect knowledge and therefore always have some degree of associated risk or uncertainty. Research in uncertainty addresses this by seeking to understand the causes of uncertainty, and to quanti...

I worked with Peter for eight years and during that time I learned a great deal from a man who had an abundance of drive and enthusiasm. I had been warned he had quite a bark and that it was often heard, which was very true. He could be forthright about his views as many of us probably know from having been at the receiving end or overhearing from a distance. His bark was tempered though by an ...