Although the “country runs” of the Asian crisis stopped at the Chinese border, their effects nonetheless included a realignment of real exchange rates and a rise in the risk premium demanded of investments in China. To examine alternative Chinese policy responses, this paper introduces a multi-country, multi-commodity comparative static macroeconomic model. Simulations suggest that, although th...

demand response (dr) has many beneficiaries in the electricity market. there are independent players who are interested in dr, which include: transmission system owners, distributors, retailers, and aggregators. in this paper dr is introduced as a tradable commodity that can be exchanged between dr buyers and sellers in a pool-based market which is called demand response exchange (drx). drx ope...

We present an overview of quantum key distribution (QKD), a secure key exchange method based on the quantum laws of physics rather than computational complexity. We also provide an overview of the two most widely used commodity security protocols, IPsec and TLS. Pursuing a key exchange model, we propose how QKD could be integrated into these security applications. For such a QKD integration we ...

A vertical electronic marketplace (EM) is an inter-organizational intermediary within a single industry that enables participating buyers and sellers to exchange information about price and product offerings and to cooperate on commodity exchange. Using a Relational View (RV) perspective, this paper develops theoretical arguments that explain the impact of ownership on the likelihood of vEM sur...

We consider dual-role exchange markets, where traders can offer to both buy and sell the same commodity in the exchange but, if they transact, they can only be either a buyer or a seller, which is determined by the market mechanism. To design desirable mechanisms for such exchanges, we show that existing solutions may not be incentive compatible, and more importantly, cause the market maker to ...

Efficiently passing spiking messages in a neural model is an important aspect of high-performance simulation. As the scale of networks has increased so has the size of the computing systems required to simulate them. In addition, the information exchange of these resources has become more of an impediment to performance. In this paper we explore spike message passing using different mechanisms ...

This paper analyzes qualitatively the impact of changes in the level and variability of the US dollar / EURO exchange rate on the real GDP growth rate and trade balance positions of three MENA countries, namely Egypt, Jordan and Morocco. First, the analytical framework is presented by developing explicit relationships between (1) output growth and the variability of the nominal exchange rate; (...