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              <text>Investigating a taphonomy model by analysing damage to SedaDNA, changes in proportion of taxa in the sediment and changes to sediment type, in response to large changes in climate. Using sediment samples from the North Sea and OSL and carbon dating techniques to make a timeline of data with respect to sedaDNA damage, rate of change in sediment or rate of change in taxa, the timeline is compared against known large changes of climate.</text>
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              <text>Economic downturns can be amplified when weakening conditions lead banks to restrict lending, hence transmitting shocks to households, businesses and the wider economy. Countercyclical capital buffers (CCyBs) thus seek to strengthen the banking system resilience by requiring banks to accumulate additional capital which can then provide greater capacity to absorb losses during periods of stress. Yet, whether having a stronger buffer already in place translates into a more resilient credit provision in the next period remains an important empirical question.  This research therefore analyses whether bank credit responds differently to economic conditions depending on the CCyB already in force when a quarter begins. To investigate this, I constructed a quarterly cross-country panel covering the years between 2014 to 2024, combining data from the Bank for International Settlements, the World Bank and the International Monetary Fund. Using fixed-effects panel regressions in R-programming, I examined the relationship between real GDP growth and real bank credit growth and tested whether it is moderated by the pre-quarter CCyB rate. Robustness analyses also compared positive versus zero buffers, focused on countries that actively changed their CCyBs, incorporated unemployment, and explored heterogeneity by financial institution development.  Across the main and robustness specifications, the analyses show no statistically significant evidence that higher pre-existing CCyB rates attenuate the contemporaneous relationship between GDP growth and bank credit growth. Another key result is that there is no statistically detectable evidence that this moderation varies with financial institution development.  These findings do not imply that CCyBs are ineffective. They however suggest that capital availability alone may not determine lending resilience. Credit demand, borrower creditworthiness, uncertainty, expected losses, timing and policy implementation are other important considerations in the credit transmission. By combining the econometric findings with insights from interviews with economists and policymakers, the research therefore contributes towards a better understanding of when, how and under what conditions CCyBs can most effectively support financial resilience. </text>
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              <text>This project aims to elucidate the diversity, abundance, and  interactions of microbial communities in the rhizosphere of  barley crops.Historically, rhizosphere studies have been  carried out by extracting roots from the soil. The limitation  with this approach is that majority of the rhizosphere (a soil zone surrounding plant roots, harboring a complex microbiome  that significantly influences plant health ) structure is left behind. Here, we focus on developing a novel  experimental system to characterise the rhizosphere and  investigate its effect of nutrient cycling on soil. </text>
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              <text>South Africa, a country that experienced  the apartheid state, is home to renowned humanitarians and has undergone significant political transformation. With a Black president and a predominantly Black governing party, it appears to tick many of the boxes associated with racial equality. But this encouraged me to question whether this means  South Africa has ‘overcome’ race as a social issue.</text>
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              <text>This study examines the impact of the Pradhan Mantri MUDRA Yojana (PMMY) on enterprise creation in India, addressing a gap in the literature that emphasises loan trends rather than causal outcomes. Using panel data from 33 states and union territories between 2011–2021, fixed-effects regressions estimate the relationship between per-capita PMMY disbursements and MSME registrations. The results show a marked rise in MSME formation after the scheme’s launch in 2015, with per-capita lending associated with nearly one additional MSME per 1,000 people in the following year. This relationship remains robust after controlling for income, banking infrastructure and national shocks, though significant variation exists across states. Wealthier states display stronger impacts, while poorer or infrastructure-constrained regions benefit less. Interviews with beneficiaries support these patterns, indicating that although PMMY improves credit access, sustained enterprise growth also depends on market access, financial literacy and broader institutional support. </text>
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                <text>Does Microfinance Drive Entrepreneurship? Evidence from India’s Microfinance Scheme (PMMY)</text>
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                <text>2025</text>
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                <text>Aayush Bhandari</text>
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