Exogenous Shocks and Exchange Rate Management in Developing Countries

Even though globalization benefits less developed countries (LDCs), it also makes them more vulnerable to the exogenous shocks to the economies. Many LDCs rely on imported technologies and intermediate inputs to compete in the international export markets with better quality and cost efficient products. In this regard, exchange rate policies in respective countries have a direct bearing on the cost of production. This paper examines alternative exchange rate regimes to suggest an appropriate exchange rate policy in the context of developing countries. The paper utilizes a small open economy model involving direct supply-side effects of exchange rate and expectations of key economic variables and considers four possible exchange rate policies, e.g., fixed exchange rate, perfectly flexible exchange rate, leaning against the wind, and leaning with the wind. Contrary to the conventional wisdom, the paper finds that in the event of a shock, leaning against the wind is likely to be the most appropriate exchange rate policy. Moreover, in the event of rigid wages, a fixed exchange rate policy is advisable.globalization, exchange rate regimes, exchange rate policy

Current-voltage characteristics in donor-acceptor systems: Implications of a spatially varying electric field

We have studied the transport properties of a molecular device composed of donor and acceptor moieties between two electrodes on either side. The device is considered to be one-dimensional with different on-site energies and the non-equilibrium properties are calculated using Landauer's formalism. The current-voltage characteristics is found to be asymmetric with a sharp Negative Differential Resistance at a critical bias on one side and very small current on the other side. The NDR arises primarily due to the bias driven electronic structure change from one kind of insulating phase to another through a highly delocalized conducting phase. Our model can be considered to be the simplest to explain the experimental current-voltage characteristics observed in many molecular devices.Comment: 5 pages, 4 figures (accepted for publication in Physical Review B

Thermoelectric properties of Bi2Te3 atomic quintuple thin films

Motivated by recent experimental realizations of quintuple atomic layer films of Bi2Te3,the thermoelectric figure of merit, ZT, of the quintuple layer is calculated and found to increase by a factor of 10 (ZT = 7.2) compared to that of the bulk at room temperature. The large enhancement in ZT results from the change in the distribution of the valence band density of modes brought about by the quantum confinement in the thin film. The theoretical model uses ab initio electronic structure calculations (VASP) with full quantum-mechanical structure relaxation combined with a Landauer formalism for the linear-response transport coefficients.Comment: 4 figures, submitted to AP

Higher Dimensional Inhomogeneous Perfect Fluid Collapse in \emph{f(R)} Gravity

This paper is about the $n+2$-dimensional gravitational contraction of inhomogeneous fluid without heat flux in the framework of $f(R)$ metric theory of gravity. Matching conditions for two regions of a star has been derived by using the Darmois junction conditions. For the analytic solution of equations of motion in modified $f(R)$ theory of gravity, we have taken scalar curvature as constant. Hence final result of gravitational collapse in this frame work is the existence of black hole and cosmological horizons, both of these form earlier than singularity. It has been shown that constant curvature term $f(R_{0})$ ($R_0$ is constant scalar curvature) slows down the collapsing process.Comment: 17 Pages, to appear in European Physical Journal

Charging induced asymmetry in molecular conductors

We investigate the origin of asymmetry in various measured current-voltage (I-V) characteristics of molecules with no inherent spatial asymmetry, with particular focus on a recent break junction measurement. We argue that such asymmetry arises due to unequal coupling with the contacts and a consequent difference in charging effects, which can only be captured in a self-consistent model for molecular conduction. The direction of the asymmetry depends on the sign of the majority carriers in the molecule. For conduction through highest occupied molecular orbitals (i.e. HOMO or p-type conduction), the current is smaller for positive voltage on the stronger contact, while for conduction through lowest unoccupied molecular orbitals (i.e. LUMO or n-type conduction), the sense of the asymmetry is reversed. Within an extended Huckel description of the molecular chemistry and the contact microstructure (with two adjustable parameters, the position of the Fermi energy and the sulphur-gold bond length), an appropriate description of Poisson's equation, and a self-consistently coupled non-equilibrium Green's function (NEGF) description of transport, we achieve good agreement between theoretical and experimental I-V characteristics, both in shape as well as overall magnitude.Comment: length of the paper has been extended (4 pages to 6 pages), two new figures have been added (3 figures to 5 figures), has been accepted for PR

Measuring Fatigue of Soldiers in Wireless Body Area Sensor Networks

Wireless Body Area Sensor Networks (WBASNs) consist of on-body or in-body sensors placed on human body for health monitoring. Energy conservation of these sensors, while guaranteeing a required level of performance, is a challenging task. Energy efficient routing schemes are designed for the longevity of network lifetime. In this paper, we propose a routing protocol for measuring fatigue of a soldier. Three sensors are attached to soldier's body that monitor specific parameters. Our proposed protocol is an event driven protocol and takes three scenarios for measuring the fatigue of a soldier. We evaluate our proposed work in terms of network lifetime, throughput, remaining energy of sensors and fatigue of a soldier.Comment: IEEE 8th International Conference on Broadband and Wireless Computing, Communication and Applications (BWCCA'13), Compiegne, Franc