Oil-rent Boom in Iran?

The present article aims to analyze the effects of high oil prices since 2003 on Iran. The theoretical basis of the analysis is the rentier state approach, the basic element of which is that rents are at the free disposal of the rentier. Empirically, the paper examines the issue areas of foreign policy, domestic policy and economic policy. After proving that the oil price—despite fluctuations—has constantly been at a high level in the first decade of the twenty-first century, the discussion demonstrates that Iran has used the increased rent in-come to support a populist policy. In terms of economic policy, the regime has pursued a redistributive strategy. The country’s foreign policy, particularly the ostentatiously pursued atomic program, has been very expensive since it provoked sanctions whose costs were initially balanced only by high rent income. Yet, in his first term, Ahmadinejad failed to prepare Iran for the situation that has occurred as a result of the global financial crisis: the redistributive policy of the regime has meant that an oil price below US$70 or US$75 now constitutes a severe challenge for the Iranian state budget.Iran, oil, rentier-state approach, domestic policy, economic policy, foreign policy 

Regional Politics in a Highly Fragmented Region: Israel’s Middle East Policies

The region of the Middle East is highly conflict-loaded. The absence of one distinct regional power may be considered both cause and consequence of this structural feature. At the same time, there are significant power gaps between states in the Middle East, with Israel among the most powerful actors and accordingly defined as a potential regional power. Due to the specific empirical setting of the Middle East region, an analytical design emphasizing relational and procedural dynamics is required. In attempting to develop such a design, this paper utilizes three well-established schools of thought of international relations: (neo)realism, institutionalism, and constructivism. These three schools of thought are further used for developing hypotheses on both Israeli regional policy and its effects on the Middle East. After illustrating these hypotheses in relation to four periods in the contemporary history of Israel, theoretical lessons to be learned for the analysis of regional powers in other world areas are presented.concept of regional power, Middle East, Israel, regional policies

Approximate Two-Party Privacy-Preserving String Matching with Linear Complexity

Consider two parties who want to compare their strings, e.g., genomes, but do not want to reveal them to each other. We present a system for privacy-preserving matching of strings, which differs from existing systems by providing a deterministic approximation instead of an exact distance. It is efficient (linear complexity), non-interactive and does not involve a third party which makes it particularly suitable for cloud computing. We extend our protocol, such that it mitigates iterated differential attacks proposed by Goodrich. Further an implementation of the system is evaluated and compared against current privacy-preserving string matching algorithms.Comment: 6 pages, 4 figure

Which Households Use Banks? Evidence from the Transition Economies

This paper uses survey data for 29,000 households from 29 transition economies to explore how the use of banking services is related to household characteristics, bank ownership structure and the development of the financial infrastructure. At the household level we find that the holding of a bank account or bank card increases with income, wealth and education in most countries and also find evidence for an urban-rural gap, as well as for a role of religion and social integration. Our results show that foreign bank ownership is associated with more bank accounts among high-wealth, high-income, and educated households. State ownership, on the other hand, does not induce financial inclusion of rural and poorer households. We find that higher deposit insurance coverage, better payment systems and creditor protection encourage the holding of bank accounts in particular by highincome and high-wealth households. All in all, our findings shed doubt on the ability of policy levers to broaden the financial system to disadvantaged groups.Access to finance, Bank-ownership, Deposit insurance, Payment system, Creditor protection.

The Importance of Health in Promoting Employability in the East Midlands

This paper analyses the relationship between health and employability in the context of the East Midlands, a high employment region with a history of manufacturing and coal mining, though both sectors\' importance has declined due to considerable industrial restructuring. It is argued that the health of the unemployed and economically inactive cannot be considered without an understanding of such contextual factors. Gender, age, the socio-economic context and other external factors are key to the complex relationship between health and employability. Within a broad framework of employability, health is not merely a personal characteristic. The paper argues for more qualitative research into employability and health to establish what factors influence the relationship.Employability, Health, Economic In-/activity, Employment, Unemployment

Mindfully Resisting the Bandwagon – IT Implementation and Its Consequences in the Financial Crisis

Although the ”financial meltdown” between 2007 and 2009 can be substantially attributed to herding behaviour in the subprime market for credit default swaps, a “mindless” IT implementation of participating financial services providers played a major role in the facilitation of the underlying bandwagon. The problem was a discrepancy between two core complementary capabilities: (1.) the (economic-rationalistic) ability to execute financial transactions (to comply with the herd) in milliseconds and (2.) the required contextualized mindfulness capabilities to comprehend the implications of the transactions being executed and the associated IT innovation decisions that enabled these transactions