Impact of Asylum on Receiving Countries

Whereas asylum seekers and the systems for adjudicating their claims to refugee status in developed countries have garnished considerable attention and, often, have been at the centre of political controversy, there has been relatively little research on their actual impact on receiving countries. This article discusses the factors that determine the impact of asylum, as distinct from other forms of migration, concluding that the number of asylum seekers, government policies and socioeconomic characteristics all determine the impact of asylum. Hence, the impacts of asylum can differ significantly from country to country. Even within the same country, one could expect to see varied impacts depending on the age, education and skill level of individual asylum seekers. The paper then examines the fiscal, economic, and social impacts of asylum, as well as its impact on foreign policy and national security. It concludes with an examination of the impact of developed countries? asylum policies on the protection of refugees in developing countries. When refugee protection has been weakened in economically strong states and asylum restrictions are perceived as burden shifting, international protection in the developing world where most refugees try to survive has been undercut.asylum, fiscal impact, economic impact, national security

A Structural Break Approach to Analysing the Impact of the QE Portfolio Balance Channel on the US Stock Market

Following the 1929 Wall Street collapse, the initial response to the institutional failures and collapsing financial system was to allow the markets to self-correct, which led to a significant period of economic depression. In contrast the US (and UK) governments responded to the 2008 financial crisis with extra liquidity for the banking sector and a stimulus package, but why was there such a different response? Following a light touch approach to Bear Stearns and Lehmann’s, it became clear that without greater intervention, the effect would become contagious throughout the financial system. One of the most important forms of intervention was Quantitative Easing (QE) and historically low interest rates. This study finds that QE substantially reduced the Equity Risk Premium on S&P equities through a 9.6% rise in prices, thus reducing returns. Consequentially, this drives portfolios to seek risker asset classes to make up for the shortfall in returns. This suggests that the combination of low interest rates and QE, when compared to expansion alone, has had a marked change on equity prices and ERP. Furthermore, there is evidence that regime shifts support these findings. Such unforeseen consequences in the equity markets is of great interest to policy makers when deciding on a response to such exceptional circumstances, and researchers investigating monetary policy responses to the next inevitable extreme financial crisis

Charge dynamics of the spin-density-wave state in BaFe2_2As2_2

We report on a thorough optical investigation of BaFe$_2$As$_2$ over a broad spectral range and as a function of temperature, focusing our attention on its spin-density-wave (SDW) phase transition at $T_{SDW}=135$ K. While BaFe$_2$As$_2$ remains metallic at all temperatures, we observe a depletion in the far infrared energy interval of the optical conductivity below $T_{SDW}$, ascribed to the formation of a pseudogap-like feature in the excitation spectrum. This is accompanied by the narrowing of the Drude term consistent with the $dc$ transport results and suggestive of suppression of scattering channels in the SDW state. About 20% of the spectral weight in the far infrared energy interval is affected by the SDW phase transition

An Unsplit, Cell-Centered Godunov Method for Ideal MHD

We present a second-order Godunov algorithm for multidimensional, ideal MHD. Our algorithm is based on the unsplit formulation of Colella (J. Comput. Phys. vol. 87, 1990), with all of the primary dependent variables centered at the same location. To properly represent the divergence-free condition of the magnetic fields, we apply a discrete projection to the intermediate values of the field at cell faces, and apply a filter to the primary dependent variables at the end of each time step. We test the method against a suite of linear and nonlinear tests to ascertain accuracy and stability of the scheme under a variety of conditions. The test suite includes rotated planar linear waves, MHD shock tube problems, low-beta flux tubes, and a magnetized rotor problem. For all of these cases, we observe that the algorithm is second-order accurate for smooth solutions, converges to the correct weak solution for problems involving shocks, and exhibits no evidence of instability or loss of accuracy due to the possible presence of non-solenoidal fields.Comment: 37 Pages, 9 Figures, submitted to Journal of Computational Physic

Anisotropic charge dynamics in detwinned Ba(Fe1−x_{1-x}Cox_x)2_2As2_2

We investigate the optical conductivity as a function of temperature with light polarized along the in-plane orthorhombic $a$- and $b$-axes of Ba(Fe$_{1-x}$Co$_x$)$_2$As$_2$ for $x$=0 and 2.5$\%$ under uniaxial pressure. The charge dynamics at low frequencies on these detwinned, single domain compounds tracks the anisotropic $dc$ transport properties across their structural and magnetic phase transitions. Our findings allow us to estimate the dichroism, which extends to relatively high frequencies. These results are consistent with a scenario in which orbital order plays a significant role in the tetragonal-to-orthorhombic structural transition

Quantum critical points with the Coulomb interaction and the dynamical exponent: when and why z=1

A general scenario that leads to Coulomb quantum criticality with the dynamical critical exponent z=1 is proposed. I point out that the long-range Coulomb interaction and quenched disorder have competing effects on z, and that the balance between the two may lead to charged quantum critical points at which z=1 exactly. This is illustrated with the calculation for the Josephson junction array Hamiltonian in dimensions D=3-\epsilon. Precisely in D=3, however, the above simple result breaks down, and z>1. Relation to other theoretical studies is discussed.Comment: RevTex, 4 pages, 1 ps figur

Ensemble dependence in the Random transverse-field Ising chain

In a disordered system one can either consider a microcanonical ensemble, where there is a precise constraint on the random variables, or a canonical ensemble where the variables are chosen according to a distribution without constraints. We address the question as to whether critical exponents in these two cases can differ through a detailed study of the random transverse-field Ising chain. We find that the exponents are the same in both ensembles, though some critical amplitudes vanish in the microcanonical ensemble for correlations which span the whole system and are particularly sensitive to the constraint. This can \textit{appear} as a different exponent. We expect that this apparent dependence of exponents on ensemble is related to the integrability of the model, and would not occur in non-integrable models.Comment: 8 pages, 12 figure