Liquid-gas phase transition in nuclear multifragmentation

The equation of state of nuclear matter suggests that at suitable beam energies the disassembling hot system formed in heavy ion collisions will pass through a liquid-gas coexistence region. Searching for the signatures of the phase transition has been a very important focal point of experimental endeavours in heavy ion collisions, in the last fifteen years. Simultaneously theoretical models have been developed to provide information about the equation of state and reaction mechanisms consistent with the experimental observables. This article is a review of this endeavour.Comment: 63 pages, 27 figures, submitted to Adv. Nucl. Phys. Some typos corrected, minor text change

Gas-Cooled Fast Reactor (GFR) FY05 Annual Report

The gas-cooled fast reactor (GFR) was chosen as one of the Generation IV nuclear reactor systems to be developed based on its excellent potential for sustainability through reduction of the volume and radio toxicity of both its own fuel and other spent nuclear fuel, and for extending/utilizing uranium resources orders of magnitude beyond what the current open fuel cycle can realize. In addition, energy conversion at high thermal efficiency is possible with the current designs being considered, thus increasing the economic benefit of the GFR. However, research and development challenges include the ability to use passive decay heat removal systems during accident conditions, survivability of fuels and in-core materials under extreme temperatures and radiation, and economical and efficient fuel cycle processes. Nevertheless, the GFR was chosen as one of only six Generation IV systems to be pursued based on its ability to meet the Generation IV goals in sustainability, economics, safety and reliability, proliferation resistance and physical protection. Current research and development on the Gas-Cooled Fast Reactor (GFR) has focused on the design of safety systems that will remove the decay heat during accident conditions, ion irradiations of candidate ceramic materials, joining studies of oxide dispersion strengthened alloys; and within the Advanced Fuel Cycle Initiative (AFCI) the fabrication of carbide fuels and ceramic fuel matrix materials, development of non-halide precursor low density and high density ceramic coatings, and neutron irradiation of candidate ceramic fuel matrix and metallic materials. The vast majority of this work has focused on the reference design for the GFR: a helium-cooled, direct power conversion system that will operate with on outlet temperature of 850 C at 7 MPa. In addition to the work being performed in the United States, seven international partners under the Generation IV International Forum (GIF) have identified their interest in participating in research related to the development of the GFR. These are Euratom (European Commission), France, Japan, South Africa, South Korea, Switzerland, and the United Kingdom. Of these, Euratom (including the United Kingdom and Switzerland), France, and Japan have active research activities with respect to the GFR. The research includes GFR design and safety, and fuels/in-core materials/fuel cycle projects. This report outlines the current design status of the GFR, and includes work done in the areas mentioned above for this fiscal year. In addition, this report fulfills the Level 2 milestones, ''Complete annual status report on GFR reactor design'', and ''Complete annual status report on pre-conceptual GFR reactor designs'' in work package GI0401K01. GFR funding for FY05 included FY04 carryover funds, and was comprised of multiple tasks. These tasks involved a consortium of national laboratories and universities, including the Idaho National Laboratory (INL), Argonne National Laboratory (ANL), Brookhaven National Laboratory (BNL), Oak Ridge National Laboratory (ORNL), Auburn University (AU), Idaho State University (ISU), and the University of Wisconsin-Madison (UW-M). The total funding for FY05 was $1000K, with FY04 carryover of$174K. The cost breakdown can be seen in Table 1

Quaternary glacial history of the Mediterranean mountains

Glacial and periglacial landforms are widespread in the mountains of the Mediterranean region. The evidence for glacial and periglacial activity has been studied for over 120 years and it is possible to identify three phases of development in this area of research. First, a pioneer phase characterized by initial descriptive observations of glacial landforms; second, a mapping phase whereby the detailed distribution of glacial landforms and sediments have been depicted on geomorphological maps; and, third, an advanced phase characterized by detailed understanding of the geochronology of glacial sequences using radiometric dating alongside detailed sedimentological and stratigraphical analyses. It is only relatively recently that studies of glaciated mountain terrains in the Mediterranean region have reached an advanced phase and it is now clear from radiometric dating programmes that the Mediterranean mountains have been glaciated during multiple glacial cycles. The most extensive phases of glaciation appear to have occurred during the Middle Pleistocene. This represents a major shift from earlier work whereby many glacial sequences were assumed to have formed during the last cold stage. Glacial and periglacial deposits from multiple Quaternary cold stages constitute a valuable palaeoclimatic record. This is especially so in the Mediterranean mountains, since mountain glaciers in this latitudinal zone would have been particularly sensitive to changes in the global climate system. © 2006 Edward Arnold (Publishers) Ltd

Interbank borrowing and lending between financially constrained banks

Some stylized facts about transactions among banks are not easily reconciled with coinsurance of short-term liquidity risks. In our model, interbank markets play a different role. We argue that lending to another bank can reduce a bank’s overall portfolio risk through diversification. If insolvency is costly, this diversification improves the interbank lender's funding liquidity, boosting credit supply to nonbanks. However, diversification comes at an endogenous cost that depends on bank-specific factors of interbank borrower and lender. The model provides a framework for understanding the importance of interbank lending for aggregate credit supply and the stability of banking systems. The model’s predictions are consistent with evidence documented in the literature that other theories cannot consistently explain

How Does Investors' Legal Protection Affect Productivity and Growth?

This paper analyzes the implications of investors' legal protection on aggregate productivity and growth. We have two main results. First, that better investors' legal protection can mitigate agency problems between investors and innovators and therefore expand the range of high-tech projects that can be financed by non-bank investors. Second, investors' legal protection shifts investment resources from less productive (medium-tech) to highly productive (high-tech) projects and therefore enhances economic growth. These results stem from two forces. On one hand, private investors' moral hazard problems (in which entrepreneurs shift investors' resources to their own benefit), and on the other hand innovators' risk of project termination by banks due to wrong signals about projects' probability of success. Our results are consistent with recent empirical studies that show a high correlation between legal investors' protection and the structure of the financial system as well as the economic performance at industry and macroeconomic levels

Models of Traumatic Cerebellar Injury

Traumatic brain injury (TBI) is a major cause of morbidity and mortality worldwide. Studies of human TBI demonstrate that the cerebellum is sometimes affected even when the initial mechanical insult is directed to the cerebral cortex. Some of the components of TBI, including ataxia, postural instability, tremor, impairments in balance and fine motor skills, and even cognitive deficits, may be attributed in part to cerebellar damage. Animal models of TBI have begun to explore the vulnerability of the cerebellum. In this paper, we review the clinical presentation, pathogenesis, and putative mechanisms underlying cerebellar damage with an emphasis on experimental models that have been used to further elucidate this poorly understood but important aspect of TBI. Animal models of indirect (supratentorial) trauma to the cerebellum, including fluid percussion, controlled cortical impact, weight drop impact acceleration, and rotational acceleration injuries, are considered. In addition, we describe models that produce direct trauma to the cerebellum as well as those that reproduce specific components of TBI including axotomy, stab injury, in vitro stretch injury, and excitotoxicity. Overall, these models reveal robust characteristics of cerebellar damage including regionally specific Purkinje cell injury or loss, activation of glia in a distinct spatial pattern, and traumatic axonal injury. Further research is needed to better understand the mechanisms underlying the pathogenesis of cerebellar trauma, and the experimental models discussed here offer an important first step toward achieving that objective

The Role of Information and Financial Reporting in Corporate Governance and Debt Contracting

We review recent literature on the role of financial reporting transparency in reducing governance-related agency conflicts among managers, directors, and shareholders, as well as in reducing agency conflicts between shareholders and creditors, and offer researchers some suggested avenues for future research. Key themes include the endogenous nature of debt contracts and governance mechanisms with respect to information asymmetry between contracting parties, the heterogeneous nature of the informational demands of contracting parties, and the heterogeneous nature of the resulting governance and debt contracts. We also emphasize the role of a commitment to financial reporting transparency in facilitating informal multiperiod contracts among managers, directors, shareholders, and creditors