"Finance and Development: Institutional and Policy Alternatives to Financial Liberalization"

There are many recent worldwide examples of severe financial crises that are linked to periods of financial liberalization. Given the ubiquity of these crises, there is the legitimate question of why governments still pursue financial liberalization policies. Answers to this question range from the recent institutionalization of norms of "acceptable" financial policies and perceived potential gains of attracting private capital inflows to the implied gains arising from the economic logic embedded in the theory underlying financial liberalization. This paper will focus on the latter arguing that financial transformation along the lines proposed by McKinnon-Shaw has engendered widespread banking crises precisely because of the weak foundations of the theory. The financial liberalization theory is critically evaluated on both theoretical and empirical grounds. An alternative theoretical approach is presented that focuses on ways to effect financial and banking transformation that is more consistent with economic development that draws on an institutional-centric perspective.

LDEF Materials Workshop 1991, part 2

The LDEF Materials Workshop 1991 was a follow-on to the Materials Sessions at the First LDEF Post-Retrieval Symposium held in Kissimmee, Florida, June 1991. The workshop comprised a series of technical sessions on materials themes, followed by theme panel meetings. Themes included materials, environmental parameters, and data bases; contamination; thermal control and protective coating and surface treatments; polymers and films; polymer matrix composites; metals, ceramics, and optical materials; lubricants adhesives, seals, fasteners, solar cells, and batteries. This document continues the LDEF Space Environmental Effects on Materials Special Investigation Group (MSIG) pursuit to investigate the effects of LEO exposure on materials which were not originally planned to be test specimens. Papers from the technical sessions are presented

Finance and Development: Institutional and Policy Alternatives to Financial Liberalization Theory

Development; Finance; Financial Liberalization; Policy

Proceedings of the LDEF Materials Data Analysis Workshop

The 5-year, 10-month flight of the Long Duration Exposure Facility (LDEF) greatly enhanced the potential value of most LDEF materials, compared to the original 1-year flight plan. NASA recognized this potential by forming the LDEF Space Environmental Effects on Materials Special Investigation Group in early 1989 to address the expanded opportunities available in the LDEF structure and on experimental trays, so that the value of all LDEF materials to current and future space missions would be assessed and documented. The LDEF Materials Data Analysis Workshop served as one step toward the realization of that responsibility and ran concurrently with activities surrounding the successful return of the spacecraft to the NASA Kennedy Space Center. A compilation of visual aids utilized by speakers at the workshop is presented. Session 1 summarized current information on analysis responsibilities and plans and was aimed at updating the workshop attendees: the LDEF Advisory Committee, Principle Investigators, Special Investigation Group Members, and others involved in LDEF analyses or management. Sessions 2 and 3 addressed materials data analysis methodology, specimen preparation, shipment and archival, and initial plans for the LDEF Materials Data Base. A complementary objective of the workshop was to stimulate interest and awareness of opportunities to vastly expand the overall data base by considering the entire spacecraft as a materials experiment

LDEF Materials Workshop 1991, part 1

The workshop comprised a series of technical sessions on materials themes, followed by theme panel meetings. Themes included materials, environmental parameters, and data bases; contamination; thermal control and protective coatings and surface treatments; polymers and films; polymer matrix composites; metals, ceramics, and optical materials; lubricants adhesives, seals, fasteners, solar cells, and batteries. This report contains most of the papers presented at the technical sessions. It also contains theme panel reports and visual aids. This document continues the LDEF Space Environmental Effects on Materials Special Investigation Group (MSIG) pursuit of its charter to investigate the effects of LEO exposure on materials which where not originally planned to be test specimens and to integrate this information with data generated by principal investigators into an LDEF materials data base

Breakdown of Strong-Coupling Perturbation Theory in Doped Mott Insulators

We show that doped Mott insulators, such as the copper-oxide superconductors, are asymptotically slaved in that the quasiparticle weight, $Z$, near half-filling depends critically on the existence of the high energy scale set by the upper Hubbard band. In particular, near half filling, the following dichotomy arises: $Z\ne 0$ when the high energy scale is integrated out but Z=0 in the thermodynamic limit when it is retained. Slavery to the high energy scale arises from quantum interference between electronic excitations across the Mott gap. Broad spectral features seen in photoemission in the normal state of the cuprates are argued to arise from high energy slavery.Comment: Published versio

Fracture behaviour and damage characterisation in composite impact panels by laboratory X-ray computed tomography

<p>Presentation from Thermosets 2013, From Monomers to Components Conference in Berlin, Germany 16-18 September 2013.</p

Avian functional responses to landscape recovery

Restoring native vegetation in agricultural landscapes can reverse biodiversity declines via species gains. Depending on whether the traits of colonizers are complementary or redundant to the assemblage, species gains can increase the efficiency or stability of ecological functions, yet detecting these processes is not straightforward.We propose a new conceptual model to identify potential changes to complementarity and redundancy in response to landscape change via relative changes in taxonomic and functional richness.We applied our model to a 14-year study of birds across an extensive agricultural region. We found compelling evidence that high levels of landscape-scale tree cover and patch-scale restoration were significant determinants of functional change in the overall bird assemblage. This was true for every one of the six traits investigated individually, indicating increased trait-specific functional complementarity and redundancy in the assemblage. Applying our conceptual model to species diversity data provided new insights into how the return of vertebrates to restored landscapes may affect ecological function. © 2019 The Author(s)