Scotland as an Optimal Currency Area

Since the Scottish independence movement has reached the point that there will be a referendum on Scottish independence this September, the issue of whether the Scotland is optimal currency areas is very topical.In this paper we review the microeconomic foundations of an optimal currency area. We test these microeconomic foundations. We find that the UK, Scotland and the UK without Scotland meet the microeconomic criteria for a common currency area. While adopting a common currency is ultimately a political decision, these results imply that the broadest of these areas, the UK, is the optimal currency area in the sense of minimizing transactions costs.We do find differences in the UK less Scotland and Scotland economies in loan data. We further find that neither the euro bloc nor the euro bloc including Scotland meet the microeconomic criteria for a common currency area. In the event of a “yes” vote for Scottish independence, the immediate problem facing the Scottish government is to decide on an exchange rate regime that is seen as credible by the financial markets to avoid a flight of capital. How policymakers chooses between alternative exchange rate regimes is currently a topic for hot debate in central banking circles and the process of a monetary union breaking up is a fascinating area worthy of future research

Measuring sigma(e^+e^- \to hadrons) using tagged photon

We propose to use events with radiated photons in e^+e^- collisions to measure the total cross section of e^+ e^- \to hadrons as a function of the center of mass energy. The Monte Carlo simulation for the collider DAPHNE shows that a competitive accuracy can be achieved with this method.Comment: revtex, 13 page

Quantitative analysis of the residual stress and dislocation density distributions around indentations in alumina and zirconia toughened alumina (ZTA) ceramics

This is an Open Access Article. It is published by Elsevier under the Creative Commons Attribution 3.0 Unported Licence (CC BY). Full details of this licence are available at: http://creativecommons.org/licenses/by/3.0/Alumina, 10% and 20% ZTA with 1.5mol% yttria stabiliser were subjected to Vickers indentation testing with loads from 1 to 20kg. Cr fluorescence and Raman spectroscopy were applied to the indent centre and around the indentation in order to investigate the origin of the signal, the effect of indentation loads and zirconia phase transformation on the residual stress and plastic deformation in the plastic zone. The results suggested that with very strong laser scattering, the depth resolution of ZTA materials was very poor, which lead to a very significant amount of the signal being collected from the subsurface regions below the plastic zone. It was also found that zirconia phase transformation reduced the compressive residual stress in the alumina matrix within the plastic zone, except at the indentation centre, due to the tensile residual microstress generated by the zirconia phase transformation. In addition, the dislocation density on the indent surface of the ZTA samples was significantly reduced due to the restriction of crack propagation and energy absorption during the phase transformation process. At the indent centre, the zirconia phase transformation was suppressed by the high compressive stress, therefore, no significant difference between alumina and ZTA in terms of their residual stress and dislocation density were observed. Using TEM observation, it was found that the plastic zone microstructure of pure alumina is different from that of ZTA, which is consistent with the Cr fluorescence results

Solvothermal nanoYAG synthesis: Mechanism and particle growth kinetics

This paper was accepted for publication in the journal Journal of Supercritical Fluids and the definitive published version is available at http://dx.doi.org/10.1016/j.supflu.2015.09.031NanoYAG particles with spherical morphology have been synthesised using a solvothermal method; a structure sensitive reaction, where the chemical reaction and the particle growth kinetics are interdependent. It has been observed that the primary YAG particles agglomerated into ∼30 nm clusters via a self-assembled Ostwald ripening process along (2 1 1) planes, separated by a distance of ∼0.49 nm, at 270 °C and 2.0 MPa for 2 h. These nanoclusters coalesced into single nanoparticles of ∼30 nm in size and exhibited a smaller inter planar distance of ∼0.26 nm, corresponding to the (4 2 0) planes, when synthesized at 300 °C and 8.5 MPa for 2 h. in addition, the solvent 1,4-butanediol transformed into 1,4-diacetoxybutane, this will have undergone esterification by reacting with the terminal acetate groups cleaved from the precursor, yttrium acetate. The proposed mechanism based on the analytical evidence suggests that a complete dissolution of precursors facilitated the structural re-arrangement of atoms within the planes and lead to a significantly higher degree of crystallinity. Moreover, once the particles with (4 2 0) planes had formed, they were no longer involved in facile coalescence along their preferential planes due to their lower interfacial energy compared to the (2 1 1) planes. This led to control of the particle morphology and with little agglomeration occurring in the final nanopowder

Ultra high temperature ceramic composite materials

Ultra-high temperature ceramics (UHTCs) are materials that have been demonstrated to withstand temperatures up to around 3000°C, thermal fluxes of ~17 MWm-2 and gas velocities of around Mach 0.6. Thus, they offer potential for use in applications such as leading edges and engine parts for hypervelocity vehicles. Under the Domain 8 of the MCM-ITP (Materials and Components for Missiles – Innovation and Technology Partnership) programme, research has been carried out investigating UHTC composites consisting of carbon fibre (Cf) preforms impregnated with HfB2 powders. Whilst the initial impregnation route resulted in preforms with high and uniform powder loadings, this was not true for large samples. As a result, the mechanical properties showed a high degree of scatter. Nevertheless, samples with higher final densities showed higher strengths. Thus a new impregnation route has been developed that results in both higher and more homogeneous powder loading. This has led to higher strengths and even greater temperature and ablation resistance with the only penalty being an increase in component mass. A prototype jet vane has been successfully produced

Final-sate radiation in electron-positron annihilation into a pion pair

The process of $e^+e^-$ annihilation into a $\pi^+\pi^-$ pair with radiation of a photon is considered. The amplitude of the reaction $e^+e^-\to\pi^+\pi^-\gamma$ consists of the model independent initial-state radiation (ISR) and model-dependent final-state radiation (FSR). The general structure of the FSR tensor is constructed from Lorentz covariance, gauge invariance and discrete symmetries in terms of the three invariant functions. To calculate these functions we apply Chiral Perturbation Theory (ChPT) with vector and axial-vector mesons. The contribution of $e^+e^-\to\pi^+\pi^-\gamma$ process to the muon anomalous magnetic moment is evaluated, and results are compared with the dominant contribution in the framework of a hybrid model, consisting of VMD and point-like scalar eletrodynamics. The developed approach allows us also to calculate the $\pi^+\pi^-$ charge asymmetry.Comment: 21 pages, 8 figure

Low temperature synthesis and spark plasma sintering of a boron carbide with a low residual carbon content

Supplementary data available online at: https://www.sciencedirect.com/science/article/pii/S0955221921007214?via%3Dihub#sec0075 .Using spark plasma sintering (SPS), >98.5 % dense boron carbide (B4C) samples were made from commercially available and lab-synthesised powders made via a low temperature synthesis (LTS) process. The work showed that the LTS powder can be produced in batches of tens to hundreds of grams whilst maintaining a high purity material with lower levels of residual free carbon (20.6–21.3 wt.% C) than commercially available samples (22.4 wt.% C). The LTS material was seen to exhibit higher hardness values (37.8 GPa) than the commercial grade material (32.5 GPa) despite featuring a coarser average grain size (10.8 μm and 2.4 μm respectively). This is largely thought to be due to the influence of ZrO2 and AlB2 impurities introduced to the material during micronising milling of the powder after synthesis, as opposed to the influence of the materials lower carbon content.UK-France PhD scheme (grant no: DSTLX- 1000092033)

Mechanical behaviour of additively manufactured lunar regolith simulant components

Additive manufacturing and its related techniques have frequently been put forward as a promising candidate for planetary in-situ manufacturing, from building life-sustaining habitats on the Moon to fabricating various replacements parts, aiming to support future extra-terrestrial human activity. This paper investigates the mechanical behaviour of lunar regolith simulant material components, which is a potential future space engineering material, manufactured by a laser-based powder bed fusion additive manufacturing system. The influence of laser energy input during processing was associated with the evolution of component porosity, measured via optical and scanning electron microscopy in combination with gas expansion pycnometry. The compressive strength performance and Vickers microhardness of the components were analysed and related back to the processing history and resultant microstructure of the lunar regolith simulant build material. Fabricated structures exhibited a relative porosity of 44 – 49% and densities ranging from 1.76 – 2.3 g cm-3 , with a maximum compressive strength of 4.2 ± 0.1 MPa and elastic modulus of 287.3 ± 6.6 MPa, the former is comparable to a typical masonry clay brick (3.5 MPa). The 2 AM parts also had an average hardness value of 657 ± 14 HV0.05/15, better than borosilicate glass (580 HV). This study has shed significant insight into realizing the potential of a laser-based powder bed fusion AM process to deliver functional engineering assets via in-situ and abundant material sources that can be potentially used for future engineering applications in aerospace and astronautics

Understanding the influence of processing conditions on the extraction of rhamnogalacturonan-I “hairy” pectin from sugar beet pulp

Sugar beet pectin is rich in rhamnogalacturonan-I (RG-I) region, which is a potential source of prebiotics. RG-I pectin cannot be extracted the same way as commercial homogalacturan-rich pectin using hot acid. Therefore, this study has explored several alternative methods, including microwave-assisted extraction (MAE) and conventional- solvent extraction (CSE) at atmospheric pressure using different solvents, and microwave-assisted hydrothermal extraction (MAHE) under pressure using water. No conclusive differences in microwave and conventional heating were found with heating rate controlled. The optimum treatment times of both MAE and CSE at 90 °C atmospheric pressure and regardless of the solvents used were 120 min; however, MAHE at 130 °C under pressure can dramatically reduce the time to 10 min. Alcohol-insoluble solids (AIS) extracted using pH13 solvent by MAE had both the highest RG-I yield at 25.3% and purity at 260.2 mg/g AIS, followed by AIS extracts using water by MAHE with 7.5% and 166.7 mg/g AIS respectively