Exchange rate dynamics in crawling-band systems

In this note we show that an exchange rate crawling-band system can borrow a portion of those aspects of a target zone that lead to its stabilizing effects on the exchange rate, depending on the relationship between the crawl rate and the drift of the fundamentals process. If the crawl rate is sufficiently high (with respect to the drift), the crawling-band is similar to a free float regime. As the crawl rate decreases, the crawling-band system collapses to a standard target zone.crawling band

The credibility of the Venezuela crawling-band system

This paper studies the credibility of the Venezuela crawling-band exchange rate regime during the period July, 1996-February, 2002. We show that, introducing some modifications, the credibility analysis widely applied to target zone regimes can also be used in studying the credibility of crawling- band regimes. In analyzing the credibility of the Venezuela crawling band, first we use the so-called simple credibility tests developed by Svensson (1991). Additionally, we estimate the expected rate of realignment using the drift- adjustment method. Both the credibility tests and the drift-adjustment method give similar results, showing that the crawling-band system was highly credible during the period.crawling band exchange rate system, credibility, realignments

Measuring total social income of a stone pine afforestation in Huelva (Spain)

We apply an experimental ecosystem accounting approach aimed at estimating the contribution of ecosystem services to total social income accrued from a Stone pine (Pinus pinea L.) forest as the result of afforestation in Huelva Province, Spain. The study encompasses private market products such as timber, pine cones, and forest conservation intermediate services; and non-market final services that include private amenities and public services such as landscape, free-access recreation and carbon sequestration services. We show how the total income of each single product is distributed amongst the factorial rewards to labor, and environmental and manufactured assets. Private products account for 46% of the average total income that the Stone pine forest would yield over its rotation, while public services comprise the remaining 54%. Our results also suggest that the production of public non-market services would offset the government compensation payments to support Stone pine afforestation and management. Finally, the results show that, on average, 7% of the estimated total income would be captured by the current System of National Accounts for forestry if applied to our case study (including only the net value added from timber and pine cone production and from plantation investment) and that 14% of this income would be dislocated into the government institutional accounts

Mechanisms for AAA and QoS Interaction

Proceedings of Third IEEE Workshop on Applications and Services in Wireless Networks, ASWN 2003. Bern, Switzerland, July 2-4, 2003.The interaction between Authentication, Authorization and Accounting (AAA) systems and the Quality of Service (QoS) infrastructure is to become a must in the near future. This interaction will allow rich control and management of both users and networks. DIAMETER and DiffServ are likely to turn into the future standards in AAA and QoS systems, but they are not designed to interact with each other. To face this, we propose a new Diameter-Diffserv interaction model and describe the Application Specific Module (ASM) implemented to allow this interaction. The ASM has been implemented and tested in a complete AAA-QoS IPv6 scenario

Understanding contribution of microstructure to fracture behaviour of sintered steels

Proceedings of: Euro PM2014 Congress & Exhibition, Salzburg, Austria, 21-24 September 2014.This paper was the winner of the EPMA PM Structural Parts Keynote Award made at Euro PM 2014Microstructural features of sintered steels, which comprise both phases and porosity, strongly condition the mechanical behaviour of the material under service conditions. Many research activities have dealt with this relationship since better understanding of the microstructure&-property correlation is the key of improvement of current powder metallurgy (PM) steels. Up to now, fractographic investigation after testing has been successfully applied for this purpose and, more recently, the in situ analysis of crack evolution through the microstructure as well as some advanced computer assisted tools. However, there is still a lack of information about local mechanical behaviour and strain distributions at the microscale in relation to the local microstructure of these steels, i.e. which phases in heterogeneous PM microstructures contribute to localisation of plastic deformation or which phases can impede crack propagation during loading. In the present work, these questions are addressed through the combination of three techniques: (i) in situ tensile testing (performed in the SEM) to monitor crack initiation and propagation; (ii) digital image correlation technique to trace the progress of local strain distributions during loading; (iii) fractographic examination of the loaded samples. Three PM steels, all obtained from commercially available powders but presenting different microstructures, are examined: a ferritic-pearlitic Fe-C steel, a bainitic prealloyed Fe-Mo-C steel and a diffusion alloyed Fe-Ni-Cu-Mo-C steel, with more heterogeneous microstructure (ferrite, pearlite, upper and lower bainite, martensite and Ni rich austenite).The authors wish to thank to Höganäs AB for providing all the raw materials to develop this work.Publicad

Supporting the design of an ambient assisted living system using virtual reality prototypes

APEX, a framework for prototyping ubiquitous environments, is used to design an Ambient Assisted Living (AAL) system to enhance a care home for older people. The environment allows participants in the design process to experience the proposed design and enables developers to explore the design by rapidly developing alternatives. APEX provided the means to explore alternative designs through a virtual environment. It provides a mediating representation (a boundary object) allowing users to be involved in the design process. A group of residents in a city-based care home were involved in the design. The paper describes the design process and lessons learnt for the design of AAL systems.EPSRC - Engineering and Physical Sciences Research Council(EP/G059063/1)Jose C. Campos acknowledges support by the FCT – Fundação para a Ciência e a Tecnologia (Portuguese Foundation for Science and Technology) within project UID/EEA/50014/2013. José Luís Silva acknowledges support from project PEST-OE/EEI/LA0009/2015. Michael Harrison was also funded by EPSRC research grant EP/G059063/1: CHI+MED (Computer–Human Interaction for Medical Devices)

A numerical study of the Plata River plume along the southeastern South American continental shelf

O Rio da Prata, um dos maiores rios da Terra, descarrega no oceano águas de uma bacia de drenagem que cobre uma ampla área da América do Sul. Sua pluma extende-se ao longo do norte da Argentina, Uruguay e sul do Brasil influenciando amplamente os ecossistemas costeiros. A despeito disso, pouco se sabe a respeito dos mecanismos que a controlam. Relatamos aqui simulações conduzidas com o modelo POM na investigação do papel dos ventos e da descarga fluvial na dinâmica da pluma do Prata. Descargas com valores médios climatológicos e magnitudes representativas de El Niño e La Niña foram explorados. Somente sob descarga fluvial, a velocidade média de penetração da pluma ao longo da costa foi diretamente relacionada à vazão. Sua extensão variou entre 850 e 1550 km e no caso da vazão média uma banda de baixa salinidade formou-se desde o estuário até 30ºN na plataforma continental sul brasileira. O efeito de ventos de sudoeste, que causam subsidência, e de nordeste, que promovem a ressurgência costeira, foram investigados após 130 dias de descarga fluvial. Os resultados sugerem que a distribuição de baixa salinidade é muito mais sensível à direção dos ventos do que à descarga fluvial. Ventos de sudoeste são capazes de advectar o sinal de baixa salinidade ao longo da costa. Já os ventos de nordeste demonstram ser eficientes na erosão da pluma, que é destacada da costa por deriva de Ekman. Uma intrusão anormal da pluma de baixa salinidade em direção a baixas latitudes pode ser o resultado da posição original da pluma acoplada a eventos persistentes de fortes ventos de sudoeste.The Rio de la Plata, one of the largest rivers on Earth, discharges into the ocean waters from basin that covers a large area of South America. Its plume extends along northern Argentina, Uruguay, and southern Brazil shelves strongly influencing the ecosystems. In spite of this, little is known about the mechanisms that control it. Here we report results of simulations with POM carried out to investigate the roles of wind and river discharge in Plata plume dynamics. Different outflows were explored, including an average climatological value and magnitudes representative of La Niña and El Niño. Forcing the model with river discharge the average plume speed was directly related to the outflow intensity. The Plata northward extension varied from 850 to 1550 km and for average discharge a band of low salinity waters formed from the estuary up to 30ºN of South Brazilian Shelf. Upwelling and downwelling winds were applied after 130 days. The distribution of low salinity waters over the shelf was more sensitive to the wind direction than to the river outflow variability. Downwelling winds were very capable of advecting the low salinity signal downshelf. Upwelling winds were efficient in eroding the plume, which was basically detached from the coast by Ekman drift. Abnormal plume intrusions toward low latitudes may be a result of the original plume position coupled with events of persistent strong downwelling favorable winds

Simple camera calibration for light measurements

The availability and decreasing prices of digital photographic cameras using megapixel sensors could point to its use as high quality light measuring devices if simple and effective calibration procedures could be put to work.This paper proposes such a system, using a common digital camera combined with low cost reference color charts. The procedure to obtain the response function of the camera, the production of the color chart and its calibration is presented.In this way, it is possible to obtain light measurements otherwise only possible with sophisticated and expensive equipments.The research work is being conducted with partial funding from FCT (Portuguese Foundation for Science and Technology)