Rethinking the International Monetary System: an overview

Monetary policy ; International finance

Why the interest in reform?

Monetary policy

Sustainable CO2 adsorbents prepared by coating chitosan onto mesoporous silicas for large-scale carbon capture technology

In this article, we report a new sustainable synthesis procedure for manufacturing chitosan/silica CO2 adsorbents. Chitosan is a naturally abundant material and contains amine functionality, which is essential for selective CO2 adsorptions. It is, therefore, ideally suited for manufacturing CO2 adsorbents on a large scale. By coating chitosan onto high-surface-area mesoporous silica supports, including commercial fumed silica (an economical and accessible reagent) and synthetic SBA-15 and MCF silicas, we have prepared a new family of CO2 adsorbents, which have been fully characterised with nitrogen adsorption isotherms, thermogravimetric analysis/differential scanning calorimetry, TEM, FTIR spectroscopy and Raman spectroscopy. These adsorbents have achieved a significant CO2 adsorption capacity of up to 0.98 mmol g−1 at ambient conditions (P=1 atm and T=25 °C). The materials can also be fully regenerated/recycled on demand at temperatures as low as 75 °C with a >85 % retention of the adsorption capacity after 4 cycles, which makes them promising candidates for advanced CO2 capture, storage and utilisation technology

Electron correlations in two-dimensional small quantum dots

We consider circular and elliptic quantum dots with parabolic external confinement, containing 0 - 22 electrons and with values of r_s in the range 0 < r_s < 3. We perform restricted and unrestricted Hartree-Fock calculations, and further take into account electron correlations using second-order perturbation theory. We demonstrate that in many cases correlations qualitatively change the spin structure of the ground state from that obtained under Hartree-Fock and spin-density-functional calculations. In some cases the correlation effects destroy Hund's rule. We also demonstrate that the correlations destroy static spin-density waves observed in Hartree-Fock and spin-density-functional calculations.Comment: 11 pages, 9 figures. This replacement contains new content. Results have been recalculated for dots with zero effective thickness (true 2D). For 6 electrons, results have been compared with configuration interaction results from the literatur

Exact solutions for hydrodynamic interactions of two squirming spheres

We provide exact solutions of the Stokes equations for a squirming sphere close to a no-slip surface, both planar and spherical, and for the interactions between two squirmers, in three dimensions. These allow the hydrodynamic interactions of swimming microscopic organisms with confining boundaries, or each other, to be determined for arbitrary separation and, in particular, in the close proximity regime where approximate methods based on point singularity descriptions cease to be valid. We give a detailed description of the circular motion of an arbitrary squirmer moving parallel to a no-slip spherical boundary or flat free surface at close separation, finding that the circling generically has opposite sense at free surfaces and at solid boundaries. While the asymptotic interaction is symmetric under head-tail reversal of the swimmer, in the near field microscopic structure can result in significant asymmetry. We also find the translational velocity towards the surface for a simple model with only the lowest two squirming modes. By comparing these to asymptotic approximations of the interaction we find that the transition from near- to far-field behaviour occurs at a separation of about two swimmer diameters. These solutions are for the rotational velocity about the wall normal, or common diameter of two spheres, and the translational speed along that same direction, and are obtained using the Lorentz reciprocal theorem for Stokes flows in conjunction with known solutions for the conjugate Stokes drag problems, the derivations of which are demonstrated here for completeness. The analogous motions in the perpendicular directions, i.e. parallel to the wall, currently cannot be calculated exactly since the relevant Stokes drag solutions needed for the reciprocal theorem are not available.Comment: 27 pages, 7 figure

Asymmetry and Fighting Performance in the Shore Crab Carcinus maenas

Fluctuating asymmetries (left–right differences in symmetric traits) can be negatively related to fitness parameters in a number of biological systems. Hence, it has been suggested that symmetric individuals should outcompete asymmetric individuals during intraspecific agonistic encounters. However, there is a lack of experimental evidence for such a relationship. We investigated the relationship between trait asymmetry (both directional and fluctuating asymmetry) and the outcome of agonistic encounters among size-matched male shore crabs. Our findings indicate that cheliped (‘weapon claw’) directional asymmetry is not related to the outcome of fights, whereas fluctuating asymmetry in the fifth pereiopod, but not the second pereiopod, is negatively related to the likelihood of winning conspecific aggressive encounters. This relationship is most readily explained by a biomechanical advantage in symmetric individuals, as the fifth pereiopod is likely to be mechanically important in maintaining stability and balance during fighting. There is no evidence that asymmetry (in traits that display fluctuating asymmetry) is related to an intrinsic individual quality factor. None the less, the relative mechanical advantage of low asymmetry may give rise to fitness benefits in symmetric crabs that may have evolutionary consequences

A note on the effective slip properties for microchannel flows with ultra-hydrophobic surfaces

A type of super-hydrophobic surface consists of a solid plane boundary with an array of grooves which, due to the effect of surface tension, prevent a complete wetting of the wall. The effect is greatest when the grooves are aligned with the flow. The pressure difference between the liquid and the gas in the grooves causes a curvature of the liquid surface resisted by surface tension. The effects of this surface deformation are studied in this paper. The corrections to the effective slip length produced by the curvature are analyzed theoretically and a comparison with available data and related mathematical models is presented.Comment: 19 pages, 5 figure

Solution of the Percus-Yevick equation for hard discs

We solve the Percus-Yevick equation in two dimensions by reducing it to a set of simple integral equations. We numerically obtain both the pair correlation function and the equation of state for a hard disc fluid and find good agreement with available Monte-Carlo calculations. The present method of resolution may be generalized to any even dimension.Comment: 9 pages, 3 figure

Structure of hard-hypersphere fluids in odd dimensions

The structural properties of single component fluids of hard hyperspheres in odd space dimensionalities $d$ are studied with an analytical approximation method that generalizes the Rational Function Approximation earlier introduced in the study of hard-sphere fluids [S. B. Yuste and A. Santos, Phys. Rev. A {\bf 43}, 5418 (1991)]. The theory makes use of the exact form of the radial distribution function to first order in density and extends it to finite density by assuming a rational form for a function defined in Laplace space, the coefficients being determined by simple physical requirements. Fourier transform in terms of reverse Bessel polynomials constitute the mathematical framework of this approximation, from which an analytical expression for the static structure factor is obtained. In its most elementary form, the method recovers the solution of the Percus-Yevick closure to the Ornstein-Zernike equation for hyperspheres at odd dimension. The present formalism allows one to go beyond by yielding solutions with thermodynamic consistency between the virial and compressibility routes to any desired equation of state. Excellent agreement with available computer simulation data at $d=5$ and $d=7$ is obtained. As a byproduct of this study, an exact and explicit polynomial expression for the intersection volume of two identical hyperspheres in arbitrary odd dimensions is given.Comment: 18 pages, 7 figures; v2: new references added plus minor changes; to be published in PR