FAKTOR-FAKTOR YANG MEMPENGARUHI EFEKTIVITAS GABUNGAN KELOMPOK TANI (GAPOKTAN) DALAM PROGRAM PENGEMBANGAN USAHA AGRIBISNIS PERDESAAN (PUAP) DI KECAMATAN PEDAN KABUPATEN KLATEN

n this paper we give the full classification of curves $C$ of genus $g$ such that a Brill--Noether locus $W^ s_d(C)$, strictly contained in the jacobian $J(C)$ of $C$, contains a variety $Z$ stable under translations by the elements of a positive dimensional abelian subvariety $A\subsetneq J(C)$ and such that $\dim(Z)=d-\dim(A)-2s$, i.e., the maximum possible dimension for such a $Z$

MONETARY POLICY AND EXTERNAL VULNERABILITY IN BRAZIL

This paper analyses monetary policy in Brazil, investigating why interest rates were so high and volatile from 1995 to 1998. We identify in monetary policy an overreaction to external shocks, where exogenous changes in international liquidity triggered sharp movements on domestic interest rates. We also show that the Brazilian policy response to these shocks was far more intense than in Argentina and Mexico. We argue that Brazil was caught in a high interest rates trap, which culminated in a currency crisis in January 1999.