The Asian Liquidity Crisis

A country's financial system is internationally illiquid if its potential short term obligations in foreign currency exceed the amount of foreign currency it can have access to in short notice. This condition may be crucial for the existence of financial crises and/or exchange rate collapses (Chang and Velasc 1998a, b). In this paper we argue that the 1997-98 crises in Asia were in fact a consequence of international illiquidity.LIQUIDITY ; BANKS ; CURRENCIES ; MONETARY CRISIS

DoS protection for a Pragmatic Multiservice Network Based on Programmable Networks

Proceedings of First International IFIP TC6 Conference, AN 2006, Paris, France, September 27-29, 2006.We propose a scenario of a multiservice network, based on pragmatic ideas of programmable networks. Active routers are capable of processing both active and legacy packets. This scenario is vulnerable to a Denial of Service attack, which consists in inserting false legacy packets into active routers. We propose a mechanism for detecting the injection of fake legacy packets into active routers. This mechanism consists in exchanging accounting information on the traffic between neighboring active routers. The exchange of accounting information must be carried out in a secure way using secure active packets. The proposed mechanism is sensitive to the loss of packets. To deal with this problem some improvements in the mechanism has been proposed. An important issue is the procedure for discharging packets when an attack has been detected. We propose an easy and efficient mechanism that would be improved in future work.Publicad

Implementing a subnational results-oriented management and budgeting system. Lessons from Medellín, Colombia.

"The purpose of this paper is to describe the budget process reform implemented in Medellín, and to analyze its actual performance and evaluate its success. The reform is changing the way public resources are allocated and executed, while gradually institutionalizing supply and demand-side practices beyond the government´s political cycles.This paper describes and analyzes how the RoB was designed and implemented, and the achievements of the system to date, in terms of resource allocation and the policy-making process. The following section describes the context of Medellín: political and economic trends, and the objectives of the budget reform. The third section presents the state of the budget process in Medellín as it was diagnosed before implementation. Section four describes the implementation process of the system, and section five addresses its major achievements. A final section includes some policy recommendations, which can be divided into two parts: (i) recommendations for consolidating the system as a main support tool of a RoM approach, and (ii) recommendations for replicating the system in other municipalities and subnational governments".Budget process reform, Budget reform, Medellín, Colombia

Theory and simulation of the confined Lebwohl-Lasher model

We discuss the Lebwohl-Lasher model of nematic liquid crystals in a confined geometry, using Monte Carlo simulation and mean-field theory. A film of material is sandwiched between two planar, parallel plates that couple to the adjacent spins via a surface strength $\epsilon_s$. We consider the cases where the favoured alignments at the two walls are the same (symmetric cell) or different (asymmetric or hybrid cell). In the latter case, we demonstrate the existence of a {\it single} phase transition in the slab for all values of the cell thickness. This transition has been observed before in the regime of narrow cells, where the two structures involved correspond to different arrangements of the nematic director. By studying wider cells, we show that the transition is in fact the usual isotropic-to-nematic (capillary) transition under confinement in the case of antagonistic surface forces. We show results for a wide range of values of film thickness, and discuss the phenomenology using a mean-field model.Comment: 40 pages 19 figures (preprint format). Part of the text and some figures were modified. New figure was include

The International National: Ius Commune and the fictions of citizenship.

The following text was presented as part of the Presidential Panel at the American Comparative Literature Association, Utrecht (The Netherlands), July 8th 2017. The panel was composed of Joseph Slaughter (ACLA President, English and Comparative Literature, Columbia University in the City of New York), Maria Aristodemou, Law, Birkbeck College, London), and Hala Halim (Comparative Literature, NYU). I address the question that international law is already formally, politically, and culturally embedded in national laws from a historical perspective. I will show how cultural legal history could unveil the ways in which the formation of national common law —and in particular that that claims to derive from the tradition of ius commune— implies the articulation of imperial and ecclesiastical legal models. This articulation, and its presentation as a common legal core, is indeed the result of a complex process of exclusions, of which one could highlight some important ones, including, of course, other universalized legal systems (Muslim, Jew), racial issues, gender issues as well as other more subtle ones, like the legalities surrounding citizenship and the legal fictions (fictiones legum) that underwrite citizenship in the process of imperial expansion