Import Protection, Capital Inflows, and Real Exchange Rate Dynamics

This paper focuses on the effect of import protection on the response of the real exchange rate to capital flows. The central hypothesis is that barriers to imports blunt the expenditure and production shifting effects of changes in relative prices, and hence the ability of the real exchange rate to equilibrate the economy in response to international capital flows. Employing a cross-section approach, the study focuses on three broadly similar countries but with very different levels of protection: Argentina, Australia, and Canada. The empirical results are consistent with the central hypothesis.import protection; real exchange rate

Magnetic behavior of lamellar mnps3 and cdps3 composites with a paramagnetic manganese(iii) macrocyclic guest

Indexación: ScieloSix new composites derived from the intercalation of the MPS3 phases (M = MnII, CdIII) with the macrocyclic manganese(III) complex [MnL(H2O)2].NO3(H2O) (LH2 = Schiff base macrocyclic ligand derived from the condensation of 2-hydroxy-5-methy1-1,3-benzene-dicarbaldehyde and 1,2-diamine-benzene) were obtained by two different synthetic procedures: a conventional and a microwave assisted method. The composites [MnL]0.25K0.15Mn0.80 PS3(H2O)~1.0 (1), and [MnL]0.25K0.15Cd 0. 80PS3(H2O)~0.5 (2) were obtained by the conventional method, after stirring a suspension of the corresponding potassium precursor and the macrocyclic complex for two weeks, while [MnL]0.35K0.15Mn0.80 PS3(H2O)~1.0 (3) and [MnL]0.25K0.15Cd 0. 80PS3(H2O)~0.5 (4) after stirring for four weeks at room temperature. Using a microwave assisted reaction permitted to obtain in a shorter period of time as compared with the conventional method, composites [MnL]0.20K0.15Mn0.80 PS3(H2O)~1.0 (5) and [MnL]0.15K0.15Cd 0. 80PS3(H2O)~0.5 (6). All the M = MnII, MnIII composites show a bulk antiferromagnetic behavior. However, the spontaneous magnetization present at low temperature in the potassium precursor K0.40Mn0.80 PS3(H2O)~1.0 is observable in composite [MnL]0.20K0.15Mn0.80 PS3(H2O)~1.0 (5), while it is completely absent in composites [MnL]0.25K0.15Mn0.80 PS3(H2O)~1.0 (1) and [MnL]0.35K0.15Mn0.80 PS3(H2O)~1.0 (3). Keywords: Intercalation; MPS3 phases; MnIII macrocyclic complex; microwave assisted synthesis; magnetic properties

Currency option pricing and realised volatility

Volatility is a key parameter in currency option pricing. This paper examines alternative specifications ofthe volatility input to the Black-Scholes option pricing procedure. The focus is the relative performance ofimplied, realized, and GARCH-based models as predictors of market volatility to forecast currency optionsprices. Using exchange-traded, daily and intra-daily data for three major European currencies, the results indicate that the realized volatility model tends to outperform the other two specifications, both in-sample and out-of-sample. This result is intuitively appealing and expected to facilitate resolution of other problems in risk management applications

A 83Krm Source for Use in Low-background Liquid Xenon Time Projection Chambers

We report the testing of a charcoal-based Kr-83m source for use in calibrating a low background two-phase liquid xenon detector. Kr-83m atoms produced through the decay of Rb-83 are introduced into a xenon detector by flowing xenon gas past the Rb-83 source. 9.4 keV and 32.1 keV transitions from decaying 83Krm nuclei are detected through liquid xenon scintillation and ionization. The characteristics of the Kr-83m source are analyzed and shown to be appropriate for a low background liquid xenon detector. Introduction of Kr-83m allows for quick, periodic calibration of low background noble liquid detectors at low energy.Comment: Updated to version submitted to JINS

Preparation of Neutron-activated Xenon for Liquid Xenon Detector Calibration

We report the preparation of neutron-activated xenon for the calibration of liquid xenon (LXe) detectors. Gamma rays from the decay of xenon metastable states, produced by fast neutron activation, were detected and their activities measured in a LXe scintillation detector. Following a five-day activation of natural xenon gas with a Cf-252 (4 x 10^5 n/s) source, the activities of two gamma ray lines at 164 keV and 236 keV, from Xe-131m and Xe-129m metastable states, were measured at about 95 and 130 Bq/kg, respectively. We also observed three additional lines at 35 keV, 100 keV and 275 keV, which decay away within a few days. No long-lifetime activity was observed after the neutron activation.Comment: to be published in NIM A, corrected typos in Table 1 and Fig.6 of the previous versio

The NorthStar Ambulatory Assessment in Duchenne muscular dystrophy: considerations for the design of clinical trials.

With the emergence of experimental therapies for Duchenne muscular dystrophy (DMD), it is fundamental to understand the natural history of this disorder to properly design clinical trials. The aims of this study were to assess the effects produced on motor function by different DMD genotypes and early initiation of glucocorticoids

Calibration of a Liquid Xenon Detector with Kr-83m

We report the preparation of a Kr-83m source and its subsequent use in calibrating a liquid xenon detector. Kr-83m atoms were produced through the decay of Rb-83 atoms trapped in zeolite molecular sieve and were then introduced into liquid xenon. Decaying Kr-83m nuclei were detected through liquid xenon scintillation. Conversion electrons with energies of 9.4 keV and 32.1 keV from the decay of Kr-83m were both observed. This calibration source will allow the characterization of the scintillation and ionization response of noble liquid detectors at low energies, highly valuable for the search for WIMP dark matter. Kr-83m may also be useful for measuring fluid flow dynamics, both to understand purification in noble liquid-based particle detectors, as well as for studies of classical and quantum turbulence in superfluid helium.Comment: Minor edits to match published versio

Effect of Long-Range Corrections on Intermolecular Interactions and Vibrational Assignments of Ethylene Oxide Dimer. A Combined DFT and SQFF Study

Theoretical structural and vibrational study for the ethylene oxide dimer have been performed by using the experimental structure determined by X-ray diffraction, the vibrational spectra and, the functional hybrids B3LYP/6-311++G** and WB97XD/6-311++G** methods. Here, the effects of dispersion on intermolecular interactions and on complete assignments of infrared and Raman spectra of dimer have been performed combining the Pulay´s scaled quantum mechanical force field (SQMFF) methodology with those two levels of calculations in order to fit the theoretical wavenumbers values to the experimental ones. Calculations including long-range corrections have revealed similar optimized energy, volume and frequencies to calculated with the B3LYP/6-31G* method, lower correlations in the geometrical parameters, higher stabilization energy, higher values in the topological parameters and higher scaled force constants than the obtained at B3LYP/6-311++G** level. Natural bond order (NBO) and atoms in molecules theory (AIM) studies with both methods reveal two types of intermolecular interactions (C-O···H and C-O···O) in the ethylene oxide dimer in accordance with the bands observed in the experimental Raman spectrum at low temperatures and with the experimental structure determined at 100 K. The nature of those interactions and their topological properties were studied by using NBO and AIM calculations. The studied properties for the ethylene oxide dimer were analyzed and compared with those obtained for the monomer. Similar assignments of the vibrational modes for dimer were obtained using the three different methods

Evaluación económica de la investigación en trigo.

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