On the sustainability of currency boards : evidence from Argentina and Hong Kong : [Version: September 2008]

This paper examines the sustainability of the currency board arrangements in Argentina and Hong Kong. We employ a Markov switching model with two regimes to infer the exchange rate pressure due to economic fundamentals and market expectations. The empirical results suggest that economic fundamentals and expectations are key determinants of a currency board’s sustainability. We also show that the government’s credibility played a more important role in Argentina than in Hong Kong. The trade surplus, real exchange rate and inflation rate were more important drivers of the sustainability of the Hong Kong currency board

Altered Achilles Tendon Morphology in Individuals With Chronic Post-Stroke Hemiparesis: A Case Report

Background: Individuals post-stroke walk slowly and with more effort, which puts them at higher risks for falls. The slow walking speed results from insufficient propulsive forces generated by the paretic leg. Current rehabilitative efforts to improve walking function target increasing propulsive forces, but overlook the muscle-tendon unit. Case presentations: Two individuals with chronic post-stroke hemiparesis are presented. In both individuals post-stroke, paretic ankle plantarflexors presented with increased muscle tone. Gait kinetics revealed asymmetric propulsive forces, specifically, insufficient propulsive forces by the paretic legs, consistent with previous literature. Sonography revealed increased thickness of paretic Achilles tendon at the calcaneal insertion, in both stroke cases, in contrast to comparable Achilles tendon thickness between limbs in the non-neurologically impaired controls. Conclusion: Tendon unit integrity should be considered in individuals post-stroke who demonstrate abnormal muscle tone and insufficient propulsion during gait

On pattern classification algorithms - Introduction and survey

Pattern recognition algorithms, and mathematical techniques of estimation, decision making, and optimization theor

Nonlocal Flow of Convex Plane Curves and Isoperimetric Inequalities

In the first part of the paper we survey some nonlocal flows of convex plane curves ever studied so far and discuss properties of the flows related to enclosed area and length, especially the isoperimetric ratio and the isoperimetric difference. We also study a new nonlocal flow of convex plane curves and discuss its evolution behavior. In the second part of the paper we discuss necessary and sufficient conditions (in terms of the (mixed) isoperimetric ratio or (mixed) isoperimetric difference) for two convex closed curves to be homothetic or parallel.Comment: 23 page

Scalar Dark Matter and Standard Model with Four Generations

We consider a scalar dark matter model, the SM4+D, consisting of the standard model with four generations (SM4) and a real gauge-singlet scalar called darkon, D, as the weakly interacting massive particle (WIMP) dark-matter (DM) candidate. We explore constraints on the darkon sector of the SM4+D from WIMP DM direct-search experiments, including CDMS II and CoGeNT, and from the decay of a B meson into a kaon plus missing energy. We find that a sizable portion of the darkon parameter space is still compatible with the experimental data. Since the darkon-Higgs interaction may give rise to considerable enhancement of the Higgs invisible decay mode, the existence of the darkon could lead to the weakening or evasion of some of the restrictions on the Higgs mass in the presence of fourth-generation quarks. In addition, it can affect the flavor-changing decays of these new heavy quarks into a lighter quark and the Higgs boson, as the Higgs may subsequently decay invisibly. Therefore we also study these flavor-changing neutral transitions involving the darkon, as well as the corresponding top-quark decay t -> cDD, some of which may be observable at the Tevatron or LHC and thus provide additional tests for the SM4+D.Comment: 18 pages, 5 figure

A Radiative Neutrino Mass Model with SIMP Dark Matter

We propose the first viable radiative seesaw model, in which the neutrino masses are induced radiatively via the two-loop Feynman diagram involving Strongly Interacting Massive Particles (SIMP). The stability of SIMP dark matter (DM) is ensured by a $\mathbb{Z}_5$ discrete symmetry, through which the DM annihilation rate is dominated by the $3 \to 2$ self-annihilating processes. The right amount of thermal relic abundance can be obtained with perturbative couplings in the resonant SIMP scenario, while the astrophysical bounds inferred from the Bullet cluster and spherical halo shapes can be satisfied. We show that SIMP DM is able to maintain kinetic equilibrium with thermal plasma until the freeze-out temperature via the Yukawa interactions associated with neutrino mass generation.Comment: 19 pages, 8 figures, 2 tables, expanded, new appendix added, new references added, updated plots, fixed minor typos, matches journal versio

Systematic U(1)_{B-L} Extensions of Loop-Induced Neutrino Mass Models with Dark Matter

We study the gauged U(1)_{B-L} extensions of the models for neutrino masses and dark matter. In this class of models, tiny neutrino masses are radiatively induced through the loop diagrams, while the origin of the dark matter stability is guaranteed by the remnant of the gauge symmetry. Depending on how the lepton number is violated in the neutrino mass diagrams, these models are systematically classified. We present a complete list for the one-loop Z_2 and the two-loop Z_3 neutrino mass models as examples of the classification. These underlying gauge symmetries and its breaking patterns can be probed at future high energy colliders by looking at the width of the new gauge boson.Comment: 15 pages, 4 figures, revised to match version published in PR

A Dynamic Oligopoly Game of the US Airline Industry: Estimation and Policy Experiments

This paper studies the contribution of demand, costs, and strategic factors to the adoption of hub-and-spoke networks in the US airline industry. Our results are based on the estimation of a dynamic oligopoly game of network competition that incorporates three groups of factors that may explain hub-and-spoke networks: (1) travelers may value the services associated with the scale of operation of an airline in the hub airport; (2) operating costs and entry costs in a route may decline with the airline's scale of operation in the origin and destination airports (e.g., economies of scale and scope); and (3) a hub-and-spoke network may be an effective strategy to deter the entry of other carriers. We estimate the model using data from the Airline Origin and Destination Survey with information on quantities, prices, and entry and exit decisions for every airline company in the routes between the 55 largest US cities. As methodological contributions, we propose and apply a method to reduce the dimension of the state space in dynamic games, and a procedure to deal with the problem of multiple equilibria when using a estimated model to make counterfactual experiments. We find that the most important factor to explain the adoption of hub-and-spoke networks is that the cost of entry in a route declines importantly with the scale of operation of the airline in the airports of the route. For some of the larger carriers, strategic entry deterrence is the second most important factor to explain hub-and-spoke networks.Airline industry; Hub-and-spoke networks; Entry costs; Industry dynamics; Estimation of dynamic games; Counterfactual experiments in models with multiple equilibria.