Capital Flows, Capital Account Liberalisation and the Mediterranean Countries

This paper examines questions related to possible capital account liberalisation in the Mediterranean countries. First, we provide an overview of the extent to which these countries have capital controls along with their exchange rate regimes and some basic macroeconomic aggregates. Second, we examine the case for capital account liberalisation, along with the prerequisites for successful liberalisation. Here we consider issues such as sequencing and possible benefits of synchronisation. Finally, we examine the experience with capital flows – both FDI and other capital flows. We explain these flows and use the past experience of these countries to draw some conclusions for the successful opening up of the capital account.capital account liberalisation, Mediterranean countries, capital flows

Trunk muscle activity during drop jump performance in adolescent athletes with back pain

It was with great interest we read the recently published article “Trunk Muscle Activity during Drop Jump Performance in Adolescent Athletes with Back Pain.” Investigating back pain (BP) in adolescents is commendable as there is growing evidence that for many, an experience of BP as early as 14 years of age may relate to ongoing pain in adulthood (Coenen et al., 2017). Indeed, the conventional narrative is changing as individual physical factors such as posture, use of schoolbags, and hypermobility are only weakly associated with adolescent BP. Rather, factors which predict BP at a young age are considered to be multi-dimensional and include gender, negative BP beliefs and poor mental health (O\u27Sullivan et al., 2017; Smith et al., 2017). Mueller et al. (2017) have focused on a single physical factor (trunk muscle activation patterns) drawing inferences regarding BP prevention and treatment. This article prompts consideration of three essential aspects regarding research design and interpretation of findings: 1. Interpreting results from cross-sectional designs 2. Interpreting pain-related differences in motor behavior 3. Translating and conveying scientific results to the end-user (patients, healthcare professionals and policy makers)

Combinatorial biomaterials discovery strategy to identify new macromolecular cryoprotectants

Cryoprotective agents (CPAs) are typically solvents or small molecules, but there is a need for innovative CPAs to reduce toxicity and increase cell yield, for the banking and transport of cells. Here we use a photochemical high-throughput discovery platform to identify macromolecular cryoprotectants, as rational design approaches are currently limited by the lack of structure–property relationships. Using liquid handling systems, 120 unique polyampholytes were synthesized using photopolymerization with RAFT agents. Cryopreservation screening identified “hit” polymers and nonlinear trends between composition and function, highlighting the requirement for screening, with polymer aggregation being a key factor. The most active polymers reduced the volume of dimethyl sulfoxide (DMSO) required to cryopreserve a nucleated cell line, demonstrating the potential of this approach to identify materials for cell storage and transport

Raising the bar: legislating to achieve diversity in the professions is only half of the story

Purpose – Argues that merely complying with legislation is not sufficient to accomplish genuine diversity and that, rather than assuming its benefits will naturally be derived and accepted, diversity must be approached strategically and its advantages communicated effectively to stakeholders to ensure desired outcomes. Design/methodology/approach – Considers the business case for diversity, presents a case study of barristers and examines the role of the national equality standard. Findings – Advances the view that multi-layered approaches to diversity are essential for its successful implementation. Practical implications – Highlights the strong business case for diversity in the workforce, as well as possible social repercussions from failing to ensure that workforces are diverse. Social implications – Underlines how young people in European and Anglo-Saxon countries are increasingly demanding to work with colleagues from varied ethnicities, nationalities and sexual orientations who are similar to the peers they socialize with. Diverse workforces have thus become central to talent attraction. Originality/value – Presents an interesting case study of barristers and diversity. Keywords: Performance, Recruitment, Equal opportunities, Lawyer

Assembly and force measurement with SPM-like probes in holographic optical tweezers

We report a high fidelity tomographic reconstruction of the quantum state of photon pairs generated by parametric down-conversion with orbital angular momentum (OAM) entanglement. Our tomography method allows us to estimate an upper and lower bound for the entanglement between the down-converted photons. We investigate the two-dimensional state subspace defined by the OAM states ±ℓ and superpositions thereof, with ℓ=1, 2, ..., 30. We find that the reconstructed density matrix, even for OAMs up to around ℓ=20, is close to that of a maximally entangled Bell state with a fidelity in the range between F=0.979 and F=0.814. This demonstrates that, although the single count-rate diminishes with increasing ℓ, entanglement persists in a large dimensional state space

On the Physical Origin of OVI Absorption-Line Systems

We present a unified analysis of the O{\sc vi} absorption-lines seen in the disk and halo of the Milky Way, high velocity clouds, the Magellanic Clouds, starburst galaxies, and the intergalactic medium. We show that these disparate systems define a simple relationship between the O{\sc vi} column density and absorption-line width that is independent of the Oxygen abundance over the range O/H $\sim$ 10% to twice solar. We show that this relation is exactly that predicted theoretically as a radiatively cooling flow of hot gas passes through the coronal temperature regime - independent of its density or metallicity (for O/H $\gtrsim$ 0.1 solar). Since most of the intregalactic O{\sc vi} clouds obey this relation, we infer that they can not have metallicities less than a few percent solar. In order to be able to cool radiatively in less than a Hubble time, the intergalactic clouds must be smaller than $\sim$1 Mpc in size. We show that the cooling column densities for the O{\sc iv}, O{\sc v}, Ne{\sc v}, and Ne{\sc vi} ions are comparable to those seen in O{\sc vi}. This is also true for the Li-like ions Ne{\sc viii}, Mg{\sc x}, and Si{\sc xii} (if the gas is cooling from $T \gtrsim 10^6$ K). All these ions have strong resonance lines in the extreme-ultraviolet spectral range, and would be accessible to $FUSE$ at $z \gtrsim$ 0.2 to 0.8. We also show that the Li-like ions can be used to probe radiatively cooling gas at temperatures an order-of-magnitude higher than where their ionic fraction peaks. We calculate that the H-like (He-like) O, Ne, Mg, Si, and S ions have cooling columns of $\sim10^{17}$ cm$^{-2}$. The O{\sc vii}, O{\sc viii}, and Ne{\sc ix} X-ray absorption-lines towards PKS 2155-304 may arise in radiatively cooling gas in the Galactic disk or halo.Comment: 25 pages, 5 figure

FUSE Observations of Outflowing OVI in the Dwarf Starburst Galaxy NGC1705

We report FUSE far-UV spectroscopy of the prototypical dwarf starburst galaxy NGC 1705. These data allow us for the first time to probe the coronal-phase gas (T = 10E5 to 10E6 K) that may dominate the radiative cooling of the supernova-heated ISM and thereby determine the dynamical evolution of starburst-driven outflows. We detect a broad (100 km/s) and blueshifted (by 80 km/s) OVI absorption-line arising in the previously-known galactic outflow. The properties of the OVI absorption are inconsistent with the standard superbubble model in which this gas arises in a conductive interface inside the outer shell. We show that the superbubble in NGC 1705 is blowing out of the galaxy ISM. During blow-out, coronal-phase gas can be created by hydrodynamical mixing as hot gas rushes out through fissures in the fragmenting shell of cool gas. As the coronal gas cools radiatively, it can naturally produce the observed OVI column density and outflow speed. The OVI data show that the cooling rate in the coronal-phase gas is less than about 10% of the supernova heating rate. Since the X-ray luminosity from hotter gas is even smaller, we conclude that radiative losses are insignificant. The outflow should be able to vent its metals and kinetic energy out of the galaxy. This process has potentially important implications for the evolution of dwarf galaxies and the IGM.Comment: ApJ (in press