X-ray and Synchrotron FTIR Studies of Partially Decomposed Magnesium Borohydride

Magnesium borohydride (Mg(BH4)(2)) is an attractive compound for solid-state hydrogen storage due to its lucratively high hydrogen densities and theoretically low operational temperature. Hydrogen release from Mg(BH4)(2) occurs through several steps. The reaction intermediates formed at these steps have been extensively studied for a decade. In this work, we apply spectroscopic methods that have rarely been used in such studies to provide alternative insights into the nature of the reaction intermediates. The commercially obtained sample was decomposed in argon flow during thermogravimetric analysis combined with differential scanning calorimetry (TGA-DSC) to differentiate between the H-2-desorption reaction steps. The reaction products were analyzed by powder X-ray diffraction (PXRD), near edge soft X-ray absorption spectroscopy at boron K-edge (NEXAFS), and synchrotron infrared (IR) spectroscopy in mid- and far-IR ranges (SR-FTIR). Up to 12 wt% of H-2 desorption was observed in the gravimetric measurements. PXRD showed no crystalline decomposition products when heated at 260-280 degrees C, the formation of MgH2 above 300 degrees C, and Mg above 320 degrees C. The qualitative analysis of the NEXAFS data showed the presence of boron in lower oxidation states than in (BH4)(-). The NEXAFS data also indicated the presence of amorphous boron at and above 340 degrees C. This study provides additional insights into the decomposition reaction of Mg(BH4)(2)

What difference does Euro membership make to stabilization? The political economy of international monetary systems revisited

For many political economists, the loss of monetary sovereignty is the major reason why the Southern periphery fared so badly in the Euro area crisis. Monetary sovereignty here means the ability of the central bank to devalue the exchange rate or to buy government debt by printing the domestic currency. We explore this diagnosis by comparing three countries - Hungary, Latvia and Greece – that received considerable amounts of external assistance under different monetary regimes. The evidence does not suggest that monetary sovereignty helped Hungary and Latvia to stabilize their economies. Rather, cooperation and external assistance made foreign banks share in the costs of stabilization. By contrast, the provision of liquidity by the ECB inadvertently facilitated the reduction of foreign banks’ exposure to Greece which left the Greek sovereign even more exposed. By viewing the Euro area as a monetary system rather than an incomplete state, we see that what is needed for Euro area stabilization is cooperation over banking union, rather than a fully-fledged federal budget