Who is Running the IMF: Critical Shareholders or the Staff?

The paper deals with the principal-agent relationship at the International Monetary Fund (IMF). We argue that residual control rights at the IMF are vested with the critical shareholders, the countries included in the G-7. This group controls vast financial resources and enjoys the highest regulatory and governance standards among IMF members. Imperfect incentives for monitoring and the complexity of the issues give staff and management a degree of autonomy. The evidence marshalled in the paper suggests that critical shareholders are in charge on those issues they care most about, leaving discretion to staff and management on peripheral issues.IMF, G-7, principal-agent relationship, critical shareholder, staff autonomy

A Voice is Worth a Thousand Words: The Implications of the Micro-Coding of Social Signals in Speech for Trust Research

While self-report measures are often highly reliable for field research on trust (Mayer and Davis, 1999), subjects often cannot complete surveys during real time interactions. In contrast, the social signals that are embedded in the non-linguistic elements of conversations can be captured in real time and extracted with the assistance of computer coding. This chapter seeks to understand how computer-coded social signals are related to interpersonal trust

Non-perturbative improvement of the axial current in N_f=3 lattice QCD with Wilson fermions and tree-level improved gauge action

The coefficient c_A required for O(a) improvement of the axial current in lattice QCD with N_f=3 flavors of Wilson fermions and the tree-level Symanzik-improved gauge action is determined non-perturbatively. The standard improvement condition using Schroedinger functional boundary conditions is employed at constant physics for a range of couplings relevant for simulations at lattice spacings of ~ 0.09 fm and below. We define the improvement condition projected onto the zero topological charge sector of the theory, in order to avoid the problem of possibly insufficient tunneling between topological sectors in our simulations at the smallest bare coupling. An interpolation formula for c_A(g_0^2) is provided together with our final results.Comment: 16 pages including figures and tables, latex2e; version published in Nucl. Phys. B, small additions to the text and references added, results unchange

Water production rates and activity of interstellar comet 2I/Borisov

We observed the interstellar comet 2I/Borisov using the Neil Gehrels-Swift Observatory's Ultraviolet/Optical Telescope. We obtained images of the OH gas and dust surrounding the nucleus at six epochs spaced before and after perihelion (-2.56 AU to 2.54 AU). Water production rates increased steadily before perihelion from $(7.0\pm1.5)\times10^{26}$ molecules s$^{-1}$ on Nov. 1, 2019 to $(10.7\pm1.2)\times10^{26}$ molecules s$^{-1}$ on Dec. 1. This rate of increase in water production rate is quicker than that of most dynamically new comets and at the slower end of the wide range of Jupiter-family comets. After perihelion, the water production rate decreased to $(4.9\pm0.9)\times10^{26}$ molecules s$^{-1}$ on Dec. 21, which is much more rapidly than that of all previously observed comets. Our sublimation model constrains the minimum radius of the nucleus to 0.37 km, and indicates an active fraction of at least 55% of the surface. $A(0)f\rho$ calculations show a variation between 57.5 and 105.6 cm with a slight trend peaking before the perihelion, lower than previous and concurrent published values. The observations confirm that 2I/Borisov is carbon-chain depleted and enriched in NH$_2$ relative to water.Comment: 12 pages, 3 figures, 2 tables, submitted to ApJ

Non-perturbative renormalization of the axial current in Nf=3N_f = 3 lattice QCD with Wilson fermions and tree-level improved gauge action

We non-perturbatively determine the renormalization factor of the axial vector current in lattice QCD with $N_f=3$ flavors of Wilson-clover fermions and the tree-level Symanzik-improved gauge action. The (by now standard) renormalization condition is derived from the massive axial Ward identity and it is imposed among Schr\"{o}dinger functional states with large overlap on the lowest lying hadronic state in the pseudoscalar channel, in order to reduce kinematically enhanced cutoff effects. We explore a range of couplings relevant for simulations at lattice spacings of $\approx 0.09$ fm and below. An interpolation formula for $Z_A(g_0^2)$, smoothly connecting the non-perturbative values to the 1-loop expression, is provided together with our final results.Comment: 13 pages, 2 tables, 5 figures. Version accepted for publication in PRD. References added, results unchanged. arXiv admin note: text overlap with arXiv:1502.0499

A Circumstellar Disc in a High-Mass Star Forming Region

We present an edge-on Keplerian disc model to explain the main component of the 12.2 and 6.7 GHz methanol maser emission detected toward NGC7538-IRS1 N. The brightness distribution and spectrum of the line of bright masers are successfully modeled with high amplification of background radio continuum emission along velocity coherent paths through a maser disc. The bend seen in the position-velocity diagram is a characteristic signature of differentially rotating discs. For a central mass of 30 solar masses, suggested by other observations, our model fixes the masing disc to have inner and outer radii of about 350 AU and 1000 AU.Comment: 11 pages, accepted for publication in ApJ Letter