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Seed Funding: The Global Peripheries Project (GPP)

Project Description

Sustainability has become one of the most prevalent buzzwords of our current era. From a built envi-ronment perspective, sustainability can be defined as finding ways to benefit the most people possible, while taking away as few resources as possible from our future generations. However, in this discourse on sustainable development, inequality is often neglected. This is important because inequality does not just occur in income disparity or education; research has shown that the structure of space itself can, for example, preclude access to economic opportunity, subject certain environments to dispropor-tionate impacts from climate change, or impose social costs on people commuting from urban periph-eries to urban centers. Cities and societies worldwide consist of centers and peripheries-not just with-in urban and regional areas, but in relation to one another.

The formation of "global peripheries" is illustrated by the raw materials that are required for sustaina-ble transitions not just in the building, but also transportation and communication industries. Copper, lithium, cobalt, manganese, and tungsten are some of the main mineral resources we require, for ex-ample, for the production of mobile phones, computer chips, and electric vehicle batteries. These min-erals are concentrated in several locations around the globe-Southern Africa, South America, and parts of Asia, primarily-which exhibit high levels of inequality, both within their own urban regions and in relation to the rest of the world. These devices are ubiquitous to modern society, but it is not clear how places are globally linked; we should be aware of this because of the environmental impact of resource extraction, but also because we should be aware of how markets function and what impact our consumption has on societies beyond just our own. This has broad implications for sustainable transitions, connecting to larger questions about the ways that globalization and urbanization function such that entire regions of the world are operationalized for the export of the materials we rely upon in highly industrialized places like Europe and the Alpenrheintal.

This project builds on ongoing research at the future lab for Architecture and Society, examining every-day life in the Alpenrheintal to reframe the way we discuss sustainability and inequality in the field of urban studies. It will act as "seed funding" with which to launch a major collaborative research project into the formation of global peripheries. The 12-month project aims to secure international partners at both sites of "consumption" and "extraction," develop the research questions and methods for a grant, write applications to the EU Research Fund and Swiss National Science Foundation, and translate the content of the grant applications into initial findings that can be published for a broad audience. Through partnerships in Switzerland and London, as well as with prominent universities in Brazil and Chile, the project also aims to bring internationally renowned scholars to the University of Liechten-stein. The long-term aim of the grant application, beginning with this project, is thus to establish the university as a center of expertise on urban theory and sustainable urban development, based on the unique qualities and competencies that exist at the university and in the surrounding Alpenrheintal area.

Participating Institutions

Project Participants

Employee
Prof. Dr. Lindsay Blair Howe
- Project Manager
Project Manager

Secured Credit

Project Description

Kreditsicherung findet in vielen Formen statt: Explizit über Grundschulden, implizit über Derivate und Kreditausfallvereinbarungen (CDS). Die Sicherung ist für eine ausgewogene Risikostruktur jedes Intermediärs erforderlich, stößt aber in Liechtenstein auf Probleme, da die Vollstreckung ausländischer Titel nicht gewährleistet ist. Dies erzeugt auch Kosten. Die Anforderungen und Konsequenzen werden in dem Projekt untersucht.

Relevance to Liechtenstein

Die Kreditsicherung ist für eine ausgewogene Risikostruktur jedes Intermediärs erforderlich, stößt aber in Liechtenstein auf Probleme, da die Vollstreckung ausländischer Titel nicht gewährleistet ist.

Project Participants

Employee
Prof. Dr. Dirk Zetzsche LL.M. (Toronto)
- Professor
Professor

SAMLAF: Security Assessment of Machine Learning Applications in Finance

Project Description

Algorithmic trading has become a vital instrument in the financial services industry. Automatic decision making on financial markets with the help of intelligent algorithms enables traders to increase the volume of their operations and hence to optimize their profits. Machine Learning (ML) is becoming increasingly popular in algorithmic trading as it enables decisions to be driven by large volumes of data rather than hardcoded rules. Advances in computational intelligence revealed that ML methods can yield a superior predictive performance in the context of algorithmic trading in comparison to traditional time-series forecasting (TSF) methods (e.g., ARIMA). Despite such advantage, deployment of ML exposes algorithmic trading systems to the risk of adversarial examples, i.e., small perturbations to input data that cause substantial prediction errors. In this project, we scrutinize the security of ML applications for TSF in finance and, specifically, for algorithmic trading. The necessity of this research arises from the peculiarity of algorithmic trading which attempts to identify microtrends in the behavior of financial time series which are based on publicly available data, and hence exploitable by everybody. Prior work on security of ML has hardly considered such deployment scenarios, and the few recorded accounts did so by making far-fetched assumptions. Hence the proposed research is aimed at: (i) uncovering the real risks related to deployment of ML for financial predictions, (ii) potentially quantifying such risks, and (iii) assessing feasible countermeasures if required.

Relevance to Liechtenstein

Liechtenstein will greatly benefit from the SAMLAF project, since it deals with themes (artificial intelligence, finance, cyber security, and information systems) with abundant interest to Liechtenstein's development, and which also represent a core component in the University of Liechtenstein's portfolio. In particular, the biggest opportunity for Liechtenstein lies in the the novelty of the SAMLAF project: its accomplishment would mean that Liechtestein is the first country to carry out sound research on the security of artificial intelligence applications in finance.

Scientific, Economic and Societal Impact

All the experiments carried out in this project will be based on real data, which will be used to develop ML models that exhibit a predictive performance that is useful in practice. As such, it is reasonable to assume that all the findings of this research will allow to estimate the real threat of adversarial attacks against ML systems for financial predictions. Therefore, our findings will have a high value to practitioners within the financial domain.

Keywords

Cybersecurity Management Finance

RISE-BPM

Project Description

RISE_BPM networks world-leading research institutions and corporate innovators to develop new horizons for Business
Process Management (BPM). BPM is a boundary-spanning discipline focused on division and re-integration of day-to-day
work in organisations and on analysis of process data for organisational decision-making. Recent break-through innovations
in Social Computing, Smart Devices, Real-Time Computing, and Big Data Technology create a strong impetus for propelling
BPM into a pervasive corporate topic that enables design of entirely new products and services.

Revitalising isolated communities: a holistic approach to sustainable transformation

Project Description

The proposed research seeks to examine the role of architecture in promoting sustainable development and enhancing the quality of life in underdeveloped villages, with the case study within the biosphere reserve of the Danube Delta in Romania. The objective is for them to transcend a merely academic endeavor and to be implemented as all-encompassing principles, as a holistic future conviction.
The study will investigate based on the topic of the five needs (namely resource and energy, space and mobility, food and health, demographics and integration, and values and ethics) the challenges experienced by local communities and examine innovative sustainable design strategies that balance conservation and development objectives to address these challenges. Simultaneously, it is crucial to preserve the traditions and customs of such communities, to learn from them, and to attempt to reconnect the contemporary human with nature.

Reusing & Upcycling Architecture: Rethinking the way we build things

Project Description

The exploitation and destruction of the environment makes a paradigm change in the consumption of resources imperative: in the future, building 'new' must be separated from the dogma of constructing new buildings. Building stock must be seen as a source of ideas and resources, and its reuse and further use must be understood as architectural potential again.
New approaches in architecture show a trend towards 'upcycling', a term that is frequently used, but theoretically and historically rarely defined. It is often forgotten that the history of building was also always a history of reuse and further use - firstly of building materials and parts of buildings; secondly of building expertise and architectural styles. Understanding building structures again as part of a process in social change challenges our current practices and a modern understanding of the uniqueness, insularity and authorship of architecture.
This research project examines the potential of historical concepts of upcycling - the qualitative reuse of buildings and building components - and contrasts them with new developments in architectural and construction practice. The aim of the project is to open up new levels of understanding and explore the question of how new solutions can be found for the future, so that 'reuse and upcycling' in architecture will no longer be seen as a question of idealism but rather an economic argument and a matter of creative and structural quality.

Project Participants

Employee
Prof. Dr. Daniel Stockhammer
- Principal Investigator
Professor - Built Heritage and Upcycling
Principal Investigator
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Employee
Prof. Peter A. Staub
- Project Collaborator
Project Collaborator
Employee
Dipl. Arch. BSA/HTL Dieter Jüngling
- Project Collaborator
Project Collaborator

Retail Distribution of Financial Services

Project Description

Der Vertrieb von Finanzprodukten an Privatkunden von Liechtenstein aus erzeugt Risiken und Chancen. Die Kenntnis des Rechtsumfelds ist unabdingbar für eine ausgewogene Tätigkeit.

Relevance to Liechtenstein

Der Vertrieb von Finanzprodukten an Privatkunden von Liechtenstein aus erzeugt Risiken und Chancen.

Project Participants

Employee
Prof. Dr. Dirk Zetzsche LL.M. (Toronto)
- Professor
Professor
Employee
Sebastiaan Hooghiemstra LL. M.
- Project Collaborator
Project Collaborator
Employee
Dipl. Kff. Nadja Dobler
- Project Collaborator
Programme Manager - Banking and Financial Market Law
Project Collaborator
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