The Cowl - v. 27 - n.10 - Feb 03, 1965

The Cowl - student newspaper of Providence College. Vol 27, Number 10 - February 03, 1965. 8 pages

Missed Expectations: The Argentine Convertibility

This paper studies the process that led to the Argentine crisis. The crisis is understood as a major disappointment of previous expectations, indicated by widespread insolvencies and abrupt declines in consumption. The analysis concentrates on the sequence of public and private decisions, and the varying perceptions and policy incentives that motivated them. In the nineties Argentina searched for a new growth trend. During much of the period, the behavior of agents seemed to be based on the anticipation that current and future incomes could sustain a value of domestic spending much higher than in the past. The government was motivated to reinforce those expectations, for signaling and political economy reasons. The convertibility monetary regime not only provided a very visible nominal anchor, but also operated as a basic framework for financial contracts, mostly denominated in dollars. Dollar contracting implicitly presumed that the dollar value of incomes would support the servicing of debts. Despite precautionary measures, the reliance on the sustainability of the real exchange rate increased over time. In the late nineties exports stopped rising and the foreign supply of credit tightened. Facing these contraints, the economy contracted and the solvency of the government was put into question. The financial system was vulnerable both in the event of devaluation and that of a (large) deflation-cum-adjustment. As was implicit in its design and management, convertibility proved to have very large exit costs.http://deepblue.lib.umich.edu/bitstream/2027.42/39900/3/wp515.pd

An ethnography of a neighbourhood café: informality, table arrangements and background noise

Café society is something that many of us as customers and/or social theorists take for granted. Cafés are places where we are not simply served hot beverages but are also in some way partaking of a specific form of public life. It is this latter aspect that has attracted the attention of social theorists, especially Jürgen Habermas, and leads them to locate the café as a key place in the development of modernity. Our approach to cafés is to ‘turn the tables’ on theories of the public sphere and return to just what the life of a particular café consists of, and in so doing re-specify a selection of topics related to public spaces. The particular topics we deal with in a ‘worldly manner’ are the socio-material organisation of space, informality and rule following. In as much as we are able we have drawn on an ethnomethodological way of doing and analysing our ethnographic studies

Missed Expectations: The Argentine Convertibility

This paper studies the process that led to the Argentine crisis. The crisis is understood as a major disappointment of previous expectations, indicated by widespread insolvencies and abrupt declines in consumption. The analysis concentrates on the sequence of public and private decisions, and the varying perceptions and policy incentives that motivated them. In the nineties Argentina searched for a new growth trend. During much of the period, the behavior of agents seemed to be based on the anticipation that current and future incomes could sustain a value of domestic spending much higher than in the past. The government was motivated to reinforce those expectations, for signaling and political economy reasons. The convertibility monetary regime not only provided a very visible nominal anchor, but also operated as a basic framework for financial contracts, mostly denominated in dollars. Dollar contracting implicitly presumed that the dollar value of incomes would support the servicing of debts. Despite precautionary measures, the reliance on the sustainability of the real exchange rate increased over time. In the late nineties exports stopped rising and the foreign supply of credit tightened. Facing these contraints, the economy contracted and the solvency of the government was put into question. The financial system was vulnerable both in the event of devaluation and that of a (large) deflation-cum-adjustment. As was implicit in its design and management, convertibility proved to have very large exit costs.Economic Crisis, Contracts, Convertibility and Wealth Perceptions

Daily Eastern News: March 16, 1978

https://thekeep.eiu.edu/den_1978_mar/1011/thumbnail.jp

On ringeisen's isolation game

AbstractWe develop the theory of the Isolation Game on a graph G, in which two players alternately “switch” at successive vertices v not previously switched. The switching operation deletes all edges incident with v, and creates new edges between v and those vertices not previously adjacent to it. The game is won when a vertex is first isolated. Among other results, we show that n-vertex forced wins exist for all n, and that length-p forced wins exist for all p. We give generic examples of forced wins which (against best defense) can be won only very late in the game. We also prove several large classes of graphs to be unwinnable, and give a complexity results for a problem closely related to the identification of drawing strategies in In(G)

Daily Eastern News: March 16, 1978

https://thekeep.eiu.edu/den_1978_mar/1011/thumbnail.jp