2,576 research outputs found
Choice Of Exchange Rate Regimes For Developing Countries: Better Be Fixed Or Floating?
The following paper is a summary article about the choice of exchange rate regime for a developing country considering the importance of “currency mismatches”, “debt intolerance”, “and fear of floating”, “financial globalization”, “institutions and sudden stops”. In this paper, I first summarize recent researches and papers on this specific issue. In a recent work of theirs, Calvo and Mishkin(2003) argue that much of the debate on choosing an exchange rate regime misses the boat and concludes that choice of exchange rate regime is likely to be of second order importance to the development of good fiscal, financial, and monetary institutions in producing macroeconomic success in emerging market countries and that a focus on institutional reforms rather than on the exchange rate regime may encourage emerging market countries to be healthier and less prone to the crises that we have seen in recent years. Another major study in this subject belong to Obtsfeld(2004) which claim that the measurable gains from financial integration appear to be lower for emerging markets than for higher-income countries, and appear to have been limited by recent crises. Obtsfeld identifies one factor limiting the gains from financial integration as the difficulty emerging economies face in resolving the open-economy trilemma which claim that many emerging economies cannot live comfortably either with fixed or with freely floating exchange rates. And finally, Stanley Fisher (2001) discusses the bipolar or two-corner solution view of intermediate policy regimes between hard pegs and floating are not sustainable and that use of pegged rates for countries open to international capital flows. Finally, I sum up with some concluding remarks.
Impact of global climate change on agricultural production: Balkan countries in 2050
The occurrence of extreme weather events due to today’s climate change is having a significant impact on agriculture. The purpose of this study is to estimate the possible effects of global climate change on agriculture at a regional level. To this end, the Global trade analyses project (GTAP) model has been used to examine the possible effects of climate change on agricultural production in Turkey, Romania, Bulgaria, Greece, and other Balkan countries for 2050. GTAP analysis data is compiled from the GTAP database, which includes 6 regions and 33 sectors. It has been calculated that climate change will have negative effects on the gross domestic product (GDP) of Balkan countries. The negative impact of global climate change on crop yields is predicted to reduce the competitiveness of Balkan countries in the foreign trade of agricultural products. © 2020, Scibulcom Ltd.. All rights reserved
Phase Coexistence Near a Morphotropic Phase Boundary in Sm-doped BiFeO3 Films
We have investigated heteroepitaxial films of Sm-doped BiFeO3 with a
Sm-concentration near a morphotropic phase boundary. Our high-resolution
synchrotron X-ray diffraction, carried out in a temperature range of 25C to
700C, reveals substantial phase coexistence as one changes temperature to
crossover from a low-temperature PbZrO3-like phase to a high-temperature
orthorhombic phase. We also examine changes due to strain for films greater or
less than the critical thickness for misfit dislocation formation.
Particularly, we note that thicker films exhibit a substantial volume collapse
associated with the structural transition that is suppressed in strained thin
films
Atomic step motion during the dewetting of ultra-thin films
We report on three key processes involving atomic step motion during the
dewetting of thin solid films: (i) the growth of an isolated island nucleated
far from a hole, (ii) the spreading of a monolayer rim, and (iii) the zipping
of a monolayer island along a straight dewetting front. Kinetic Monte Carlo
results are in good agreement with simple analytical models assuming
diffusion-limited dynamics.Comment: 7 pages, 5 figure
Design strategy of urban Heritage Trail
From an international perspective, this article introduces the concept and content of urban historical and cultural path design in cultural heritage, and through the construction experience of Boston Freedom Trail and Hong Kong Historic Trail, summarizes and studies the series method of historical and cultural path to fragmented historical remains and the continuous narrative method of heritage space, and carries out a detailed analysis and summary
Comparison of structural features and antioxidant activity of polysaccharides from natural and cultured Cordyceps sinensis
Element Replacement Approach by Reaction with Lewis Acidic Molten Salts to Synthesize Nanolaminated MAX Phases and MXenes
Nanolaminated materials are important because of their exceptional properties
and wide range of applications. Here, we demonstrate a general approach to
synthesize a series of Zn-based MAX phases and Cl-terminated MXenes originating
from the replacement reaction between the MAX phase and the late transition
metal halides. The approach is a top-down route that enables the late
transitional element atom (Zn in the present case) to occupy the A site in the
pre-existing MAX phase structure. Using this replacement reaction between Zn
element from molten ZnCl2 and Al element in MAX phase precursors (Ti3AlC2,
Ti2AlC, Ti2AlN, and V2AlC), novel MAX phases Ti3ZnC2, Ti2ZnC, Ti2ZnN, and V2ZnC
were synthesized. When employing excess ZnCl2, Cl terminated MXenes (such as
Ti3C2Cl2 and Ti2CCl2) were derived by a subsequent exfoliation of Ti3ZnC2 and
Ti2ZnC due to the strong Lewis acidity of molten ZnCl2. These results indicate
that A-site element replacement in traditional MAX phases by late transition
metal halides opens the door to explore MAX phases that are not
thermodynamically stable at high temperature and would be difficult to
synthesize through the commonly employed powder metallurgy approach. In
addition, this is the first time that exclusively Cl-terminated MXenes were
obtained, and the etching effect of Lewis acid in molten salts provides a green
and viable route to prepare MXenes through an HF-free chemical approach.Comment: Title changed; experimental section and discussion revise
Effective area for the northern polar cap magnetic activity index
Peer Reviewedhttp://deepblue.lib.umich.edu/bitstream/2027.42/94783/1/grl12045.pd
Racial Mislabeling in Multiracial Individuals: Implications for Professional Counseling and Education
With the extreme growth of people who identify as Biracial or Multiracial, it is evident that their unique racial experiences need to be better understood, especially within the field of professional counseling to underscore competent practice (Charmaraman, Woo, Quach, & Erkut, 2014; Jackson, Yoo, Guevarra & Harrington, 2012; Tran, Miyake, Martinez-Morales, & Csizmadia, 2016). As a result, the researchers in this study investigated the lived experiences of racial mislabeling for Multiracial individuals. The participants of this study were fourteen (n=14) individuals who identified as Multiracial and endorsed experiencing the specific form of racial invalidation entitled racial mislabeling. Data were collected through individual, semi-structured interviews. The data was analyzed using phenomenological methods within Moustakas’ (1994) transcendental approach, which led to themes that described the essence of the participants’ experience. These themes are discussed in detail and recommendations for researchers and counselor educators to improve training and education are provided
Coexistence of antiferromagnetic order and unconventional superconductivity in heavy fermion compounds CeRh_{1-x}Ir_xIn_5: nuclear quadrupole resonance studies
We present a systematic ^{115}In NQR study on the heavy fermion compounds
CeRh_{1-x}Ir_xIn_5 (x=0.25, 0.35, 0.45, 0.5, 0.55 and 0.75). The results
provide strong evidence for the microscopic coexistence of antiferromagnetic
(AF) order and superconductivity (SC) in the range of 0.35 \leq x \leq 0.55.
Specifically, for x=0.5, T_N is observed at 3 K with a subsequent onset of
superconductivity at T_c=0.9 K. T_c reaches a maximum (0.94 K) at x=0.45 where
T_N is found to be the highest (4.0 K). Detailed analysis of the measured
spectra indicate that the same electrons participate in both SC and AF order.
The nuclear spin-lattice relaxation rate 1/T_1 shows a broad peak at T_N and
follows a T^3 variation below T_c, the latter property indicating
unconventional SC as in CeIrIn_5 (T_c=0.4 K). We further find that, in the
coexistence region, the T^3 dependence of 1/T_1 is replaced by a T-linear
variation below T\sim 0.4 K, with the value \frac{(T_1)_{T_c}}{(T_1)_{low-T}}
increasing with decreasing x, likely due to low-lying magnetic excitations
associated with the coexisting magnetism.Comment: 20 pages, 14 figure
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