Leaving the nest: the rise of regional financial arrangements and the future of global governance

This article examines the impact of regional financial arrangements (RFAs) on the global liquidity regime. It argues that the design of RFAs could potentially alter the global regime, whether by strengthening it and making it more coherent or by decentring the International Monetary Fund (IMF) and destabilizing it. To determine possible outcomes, this analysis deploys a ‘middle‐up’ approach that focuses on the institutional design of these RFAs. It first draws on the rational design of institutions framework to identify the internal characteristics of RFAs that are most relevant to their capabilities and capacities. It then applies these insights to the interactions of RFAs with the IMF, building on Aggarwal's (1998) concept of ‘nested’ versus ‘parallel’ institutions, to create an analytical lens through which to assess the nature and sustainability of nested linkages. Through an analysis of the Chiang Mai Initiative Multilateralization (CMIM) and the Latin American Reserve Fund (FLAR), the article demonstrates the usefulness of this lens. It concludes by considering three circumstances in which fault lines created by these RFAs’ institutional design could be activated, permitting an institution to ‘leave the nest’, including changing intentions of principals, creation of parallel capabilities and facilities, and failure of the global regime to address regional needs in a crisis.The authors would like to thank Veronica Artola, Masatsugu Asakawa, Ana Maria Carrasquilla, Junhong Chang, Paolo Hernando, Hoe Ee Khor, Kazunori Koike, Jae Young Lee, Ser-Jin Lee, Guillermo Perry, Yoichi Nemoto, Freddy Trujillo, Masaaki Watanabe, Yasuto Watanabe, Akihiko Yoshida, and others who wished to remain anonymous, for their generosity in providing in-person interviews. Further, the authors would like to thank various central bank and ministry of finance officials of both FLAR and CMIM member countries. We also thank Jose Antonio Ocampo, Diana Barrowclough, and participants in the 'Beyond Bretton Woods' Workshop at Boston University (where an earlier version of this article was presented in September 2017) for their feedback on our broader research projects on RFAs. Last but not least, the authors wish to thank the anonymous referees for their constructive comments. This work builds upon previous work funded by UNCTAD and the Global Economic Governance Initiative at the Global Development Policy Center at Boston University. (UNCTAD; Global Economic Governance Initiative at the Global Development Policy Center at Boston University)Accepted manuscrip

Wild snakes harbor West Nile virus

West Nile virus (WNV) has a complex eco-epidemiology with birds acting as reservoirs and hosts for the virus. Less well understood is the role of reptiles, especially in wild populations. The goal of our study was to determine whether a wild population of snakes in Pennsylvania harbored WNV. Six species of snakes were orally sampled in the summer of 2013 and were tested for the presence of WNV viral RNA using RT-PCR. Two Eastern Garter Snakes, Thamnophis sirtalis sirtalis tested positive for viral RNA (2/123, 1.62%). These results indicate a possible role for snakes in the complex transmission cycle of WNV

Mixing and oscillations of neutral particles in Quantum Field Theory

We study the mixing of neutral particles in Quantum Field Theory: neutral boson field and Majorana field are treated in the case of mixing among two generations. We derive the orthogonality of flavor and mass representations and show how to consistently calculate oscillation formulas, which agree with previous results for charged fields and exhibit corrections with respect to the usual quantum mechanical expressions.Comment: 8 pages, revised versio

Unveiling wide-orbit companions to K-type stars in Sco-Cen with Gaia EDR3

Stars and planetary system

Exploring the stability of super heavy elements: First measurement of the fission barrier of 254No

The gamma-ray multiplicity and total energy emitted by the heavy nucleus 254No have been measured at 2 different beam energies. From these measurements, the initial distributions of spin I and excitation energy E * of 254No were constructed. The distributions display a saturation in excitation energy, which allows a direct determination of the fission barrier. 254No is the heaviest shell-stabilized nucleus with a measured fission barrier. © Owned by the authors, published by EDP Sciences, 2014

Recurrent inversion polymorphisms in humans associate with genetic instability and genomic disorders

Unlike copy number variants (CNVs), inversions remain an underexplored genetic variation class. By integrating multiple genomic technologies, we discover 729 inversions in 41 human genomes. Approximately 85% of inversions <2 kbp form by twin-priming during L1 retrotransposition; 80% of the larger inversions are balanced and affect twice as many nucleotides as CNVs. Balanced inversions show an excess of common variants, and 72% are flanked by segmental duplications (SDs) or retrotransposons. Since flanking repeats promote non-allelic homologous recombination, we developed complementary approaches to identify recurrent inversion formation. We describe 40 recurrent inversions encompassing 0.6% of the genome, showing inversion rates up to 2.7 × 10(-4) per locus per generation. Recurrent inversions exhibit a sex-chromosomal bias and co-localize with genomic disorder critical regions. We propose that inversion recurrence results in an elevated number of heterozygous carriers and structural SD diversity, which increases mutability in the population and predisposes specific haplotypes to disease-causing CNVs

Drugs and supplements in amateur boxing: pugilistic amateurism and ideologies of performance

This research, which is based on the thoughts and experiences of coaches, athletes, officials and others involved in amateur boxing, explores the use of supplements, recreational and performance-enhancing drugs in the sport. After providing some context through a discussion of ideologies that shape elite sport, some key methodological issues are briefly described. The findings explore the manner in which ideologies of performance are shaped in relation to the notion of 'pugilistic amateurism'. In this way, the paper maps out a theoretical scaffold that can be used to understand the manner in which 'old school' training methods and participation in sport align with 'traditional' understandings of work-class manhood to produce an ideological tension with a win-at-all-costs mentality. This sheds light on the ways that boxing gyms might be understood as havens where drugs use can be resisted at the same times as potentially positive behaviours can be learned

Fission barrier of superheavy nuclei and persistence of shell effects at high spin: Cases of No 254 and Th 220

We report on the first measurement of the fission barrier height in a heavy shell-stabilized nucleus. The fission barrier height of No254 is measured to be Bf=6.0±0.5 MeV at spin 15 and, by extrapolation, Bf=6.6±0.9 MeV at spin 0. This information is deduced from the measured distribution of entry points in the excitation energy versus spin plane. The same measurement is performed for Th220 and only a lower limit of the fission barrier height can be determined: Bf(I)>8 MeV. Comparisons with theoretical fission barriers test theories that predict properties of superheavy elements

Exploring the stability of super heavy elements: First measurement of the fission barrier of 254No

The gamma-ray multiplicity and total energy emitted by the heavy nucleus 254No have been measured at 2 different beam energies. From these measurements, the initial distributions of spin I and excitation energy E * of 254No were constructed. The distributions display a saturation in excitation energy, which allows a direct determination of the fission barrier. 254No is the heaviest shell-stabilized nucleus with a measured fission barrier

N=151Pu, Cm and Cf nuclei under rotational stress: Role of higher-order deformations

Fast-rotating N=151 isotones 245Pu, 247Cm and 249Cf have been studied through inelastic excitation and transfer reactions with radioactive targets. While all have a ground-state band built on a νj15/2[734]9/2- Nilsson configuration, new excited bands have also been observed in each isotone. These odd-N excited bands allow a comparison of the alignment behavior for two different configurations, where the νj15/2 alignment is either blocked or allowed. The effect of higher order deformations is explored through cranking calculations, which help clarify the elusive nature of νj15/2 alignments