Multiple Reserve Requirements, Exchange Rates, Sudden Stops and Equilibrium Dynamics in a Small Open Economy

We model a typical Asian-crisis-economy using dynamic general equilibrium tech-niques. Exchange rates obtain from nontrivial fiat-currencies demands. Sudden stops/bank-panics are possible, and key for evaluating the merits of alternative ex-change rate regimes. Strategic complementarities contribute to the severe indetermi-nacy of the continuum of equilibria. The scope for existence and indeterminacy of equilibria and dynamic properties are associated with the underlying policy regime. Binding multiple reserve requirements promote stability under floating but increase the scope for panic equilibria under both regimes. Backing the money supply acts as a stabilizer only in fixed regimes, but reduces financial fragility under both regimes.Sudden stops, Exchange rate regimes, Multiple reserve requirements

Multiple Reserve Requirements, Exchange Rates, Sudden Stops and Equilibrium Dynamics in a Small Open Economy

We model a typical Asian-crisis-economy using dynamic general equilibrium tech-niques. Exchange rates obtain from nontrivial fiat-currencies demands. Sudden stops/bank-panics are possible, and key for evaluating the merits of alternative ex-change rate regimes. Strategic complementarities contribute to the severe indetermi-nacy of the continuum of equilibria. The scope for existence and indeterminacy of equilibria and dynamic properties are associated with the underlying policy regime. Binding multiple reserve requirements promote stability under floating but increase the scope for panic equilibria under both regimes. Backing the money supply acts as a stabilizer only in fixed regimes, but reduces financial fragility under both regimes.Sudden stops; Bank runs; Exchange rate regimes; Multiple reserve requirements; Dynamic Stochastic General Equilibrium; Open Economy Macroeconomics; International Financial crises.

Software dependability techniques validated via fault injection experiments

The present paper proposes a C/C++ source-to-source compiler able to increase the dependability properties of a given application. The adopted strategy is based on two main techniques: variable duplication/triplication and control flow checking. The validation of these techniques is based on the emulation of fault appearance by software fault injection. The chosen test case is a client-server application in charge of calculating and drawing a Mandelbrot fracta

DeSyRe: on-Demand System Reliability

The DeSyRe project builds on-demand adaptive and reliable Systems-on-Chips (SoCs). As fabrication technology scales down, chips are becoming less reliable, thereby incurring increased power and performance costs for fault tolerance. To make matters worse, power density is becoming a significant limiting factor in SoC design, in general. In the face of such changes in the technological landscape, current solutions for fault tolerance are expected to introduce excessive overheads in future systems. Moreover, attempting to design and manufacture a totally defect and fault-free system, would impact heavily, even prohibitively, the design, manufacturing, and testing costs, as well as the system performance and power consumption. In this context, DeSyRe delivers a new generation of systems that are reliable by design at well-balanced power, performance, and design costs. In our attempt to reduce the overheads of fault-tolerance, only a small fraction of the chip is built to be fault-free. This fault-free part is then employed to manage the remaining fault-prone resources of the SoC. The DeSyRe framework is applied to two medical systems with high safety requirements (measured using the IEC 61508 functional safety standard) and tight power and performance constraints

Advanced software techniques for space shuttle data management systems Final report

Airborne/spaceborn computer design and techniques for space shuttle data management system

Numerical aerodynamic simulation facility

Critical to the advancement of computational aerodynamics capability is the ability to simulate flows about three-dimensional configurations that contain both compressible and viscous effects, including turbulence and flow separation at high Reynolds numbers. Analyses were conducted of two solution techniques for solving the Reynolds averaged Navier-Stokes equations describing the mean motion of a turbulent flow with certain terms involving the transport of turbulent momentum and energy modeled by auxiliary equations. The first solution technique is an implicit approximate factorization finite-difference scheme applied to three-dimensional flows that avoids the restrictive stability conditions when small grid spacing is used. The approximate factorization reduces the solution process to a sequence of three one-dimensional problems with easily inverted matrices. The second technique is a hybrid explicit/implicit finite-difference scheme which is also factored and applied to three-dimensional flows. Both methods are applicable to problems with highly distorted grids and a variety of boundary conditions and turbulence models