A crise econômica no Japão após os anos 90

Coordenação de Aperfeiçoamento de Pessoal de Nível Superior (CAPES)

Crise financeira: o caso japonês

This paper aims to analyze the experience of Japan after the collapse of speculative bubbles in assets and the banking crisis in the 1990s. An analysis about the effectiveness of fiscal and monetary policy is conducted and the measures taken with respect to the banking sector are also discussed in this paper. The Japanese financial crisis experience suggests that the nature, speed and order in which the government implements measures determine, in large part, the magnitude and cost of the crisis. Therefore, in hindsight, it can be said that the following tasks were necessary: 1) recapitalize the banking sector; 2) restore credit; and 3) reinvigorate the economic activity through appropriate fiscal measures.

Finanças comportamentais e a formação de bolhas especulativas

Economic crises caused by speculative bubbles are recurring in economic history but there is still no consensus on how it begins, grows and overflows. Economists and regulators seem to be inefficient in predicting and preventing this process, which is so detrimental to economic functioning. This failure proved to be obvious with the American subprime crises, which had great impact on various sectors of the U.S. economy. In this paper, we perform a literature review of the traditional theory of finance, mainly represented by the Efficient Market Hypothesis. According to this theory, asset prices always reflect their intrinsic value, assumption that doesn’t match the price boom followed by a crash, observed in the crisis generated by speculative bubbles. Finally, we present a new way to analyze this phenomenon, in the light of the investors’ behavioral aspects and the flaws inherent to the financial markets

Longitudinal photographic observation of the occurrence of bubbles in pit and fissure sealants

The purpose of this study was to employ photographic evaluation to observe the presence or absence of bubbles in pit and fissure sealants Concise and Prisma Shield, at 7 days, 18 months, 36 months and 11 years after accomplishment of treatment. Methods: A hematoxylin-based staining solution was applied to the occlusal surface at the study periods, which allowed assessment of the sealing material on the surface. All occlusal surfaces were photographed and the photographs corresponding to each period were subjected to photographic evaluation. Results: There was statistically significant difference only at 18 months, with a significantly higher number of specimens with bubbles for the Prisma Shield sealant compared to the Concise, whereas the groups were similar at all other study periods. On the other hand, separate analysis of subsequent periods of the sealants did not reveal any significant difference. Conclusions: According to the results of the present longitudinal investigation, it may be concluded that the sealing materials showed that bubbles came into and went out with time. However, this fact did not interfere with its clinical purpose, provided the remaining material covers the expected region of pits and fissures.

Peircean semiotics and subject indexing: Contributions of speculative grammar and pure logic

The semiotics of C S. Peirce presents fundamental concepts to discover aspects of the indexing process, including representation and classes of signs. However, we still know little of its theoretical potential for subject indexing. We believe that the main difficulty in the proposals to understand the process of subject indexing based on Peircean semiotics stems from an incomplete interpretation of his semiotic system. This paper attempts to describe the contributions of Peircean semiotics to subject indexing. First, we analyze some of the concepts of the branches of semiotics, after which, we discuss strategies for conceptual approximation. Secondly, and aiming to raise the level of interlocution between the areas, we intend to argue that subject indexing is an inferential process, as explained by the second branch of semiotics. Thus, we seek to go beyond the level of speculative grammar, the first branch of semiotics, to forge a closer link with pure or critical logic, the second branch. We conclude that the indexer's work does not produce a mere reflection of what already exists in documents, but involves an instigating action to discover, through the inferential matrix, the meaning of a text in order to find the subject and the most appropriate subject added entry to the information system.

Winckelmann, Lessing e Herder: estéticas do efeito?

Este artigo investiga, sob a perspectiva de uma estética do efeito, as origens da assim chamada estética da época de Goethe, segundo a obra de Lessing, Winckelmann e Herder. Pretende-se mostrar que há nestes autores tanto uma influência do parâmetro do efeito, suscitado pela obra de arte no espectador, quanto o apontamento para uma instância, por assim dizer crítica, idealista e especulativa de apreciação do fenômeno artístico.

Tergal glands in termite soldiers of the subfamily Syntermitinae (Isoptera: Termitidae)

Conselho Nacional de Desenvolvimento Científico e Tecnológico (CNPq)

Experimental aspects of biomass fuels in a bubbling fluidized bed combustor

This work presents experimental information relevant to the combustion of biomass in a bubbling fluidized bed. The biomass distribution in a fluidized bed was studied through tests performed in a cold bed, while the volatiles released in the biomass pyrolysis, the burning rate of the resulting charcoal, and the combustion control regime, were studied through tests performed in a high temperature bed.Visual examination of photographs taken from a transparent walls bed, with a rectangular cross-section, showed that the large fuel particles, typical of biomass processing, were distributed in the bubbles, in the splash zone, and in the emulsion phase. The occurrence of biomass in the emulsion phase was favored by burning biomass particles of greater density and smaller size-expetimentally determined in each case. Decreasing the fuel particle size improved the biomass distribution inside the bed. The same was accomplished by increasing the superficial gas velocity as high as possible, compatibly with the acceptable elutriation.Burning tests showed that the biomass fuels have the advantage of reaching the diffusional regime at temperatures that can be lower than 1000 K, which ensures that the biomass fuels burn in a stable regime. (C) 2007 Elsevier B.V. All rights reserved.

Characterization of micro-bubble size distribution and flow configuration in DAF contact zone by a non-intrusive image analysis system and tracer tests

Fundação de Amparo à Pesquisa do Estado de São Paulo (FAPESP)

WC-CoCr coatings sprayed by high velocity oxygen-fuel (HVOF) flame on AA7050 aluminum alloy: electrochemical behavior in 3.5% NaCl solution

Fundação de Amparo à Pesquisa do Estado de São Paulo (FAPESP)

Composition-resolved size distributions of volcanic aerosols in the Mt. Etna plumes

Particle size distributions for soluble and insoluble species in Mt. Etna's summit plumes were measured across an extended size range (10 nm < d < 100 mu m) using a combination of techniques. Automated scanning electron microscopy (QEMSCAN) was used to chemically analyze many thousands of insoluble particles (collected on pumped filters) allowing the relationships between particle size, shape, and composition to be investigated. The size distribution of fine silicate particles (d < 10 mu m) was found to be lognormal, consistent with formation by bursting of gas bubbles at the surface of the magma. The compositions of fine silicate particles were found to vary between magmatic and nearly pure silica; this is consistent with depletion of metal ions by reactions in the acidic environment of the gas plume and vent. Measurements of the size, shape and composition of fine silicate particles may potentially offer insights into preemission, synemission, and postemission processes. The mass flux of fine silicate particles from Mt. Etna released during noneruptive volcanic degassing in 2004 and 2005 was estimated to be similar to 7000 kg d(-1). Analysis of particles in the range 0.1 < d/mu m < 100 by ion chromatography shows that there are persistent differences in the size distributions of sulfate aerosols between the two main summit plumes. Analysis of particles in the range 0.01 mu m < d < 0.1 mu m by scanning transmission electron microscopy (STEM) shows that there are significant levels of nanoparticles in the Mt. Etna plumes although their compositions remain uncertain.

A tradução química de experimentos alquímicos envolvendo água régia em Robert Boyle

Recentemente, alguns acadêmicos têm demonstrado que a tradução química pode auxiliar o trabalho histórico. O objetivo deste trabalho é traduzir alguns experimentos alquímicos de Robert Boyle para a química contemporânea, particularmente, aqueles que envolvem a água régia. A maior parte desses experimentos tem relação com o mecanicismo boyleano, com receitas de produção de compostos e com a padronização de procedimentos químicos. Muitos deles envolvem descrições precisas de propriedades, tais como o ponto de fusão, a mudança de gosto, a liberação de som e bolhas, a corrosão etc., que podem ser usadas como ferramentas de rastreamento para uma tradução à notação química atual.

Feuerbach e Stirner: algumas considerações sobre linguagem e política

Habitualmente não se presta atenção ao fato de que a Primeira Parte da Ideologia Alemã (Feuerbach) foi a última a ser redigida por Marx. O texto, tal como nos aparece hoje, encobre portanto a gênese da crítica ao Humanismo. Esta última, como este pequeno ensaio pretende indicar, só poderia brotar do contacto meticuloso com o texto do Único e sua Propriedade. Após a leitura de Stirner, Marx pôde se acreditar liberado deste último fantasma especulativo e ideológico: o Homem.

Formação, sustentação ou implosão de uma bolha imobiliária? A dinâmica de preços no mercado de imóveis de Natal no período 2005-2010

A motivação para a realização deste artigo foi a percepção de que o movimento de preços dos imóveis em Natal apresentava componentes que precisavam ser investigados, notadamente o influxo de capital estrangeiro, sobretudo para aplicação nos setores de turismo e imobiliário e o comportamento do crédito imobiliário. O objetivo do trabalho é examinar a evolução dos preços no mercado de imóveis da cidade no período 2005; 2010. Os indicadores levantados permitiram uma coleta de evidências suficiente para ampliar o grau de confiança nas hipóteses de que, de fato: a) ocorreu uma bolha no mercado de imóveis no triênio 2005; 2007; b) a bolha não implodiu no biênio 2009; 2010, após a crise financeira de 2008, pois o movimento de alta de preços se manteve tanto nos imóveis vendidos na planta quanto nos imóveis prontos.

Flow cell within an LED: a proposal for an optical absorption detector

Droplets formed at the tip of a tube under the same conditions possess extreme uniformity of form, volume and weight. These properties of liquid drop formation have been known for a long time and consequently many applications for the drop have been found in instrumentation and chemical analysis methods. In the present paper, we report on the analytical use of a dynamic LED-based flow-through optical absorption detector with optical path length controlled by continuous dropping of a solution. This arrangement consists of a flow cell built within a high-intensity red LED (lambda (max)=630 nm). The feasibility of the detector is demonstrated by colorimetric determination of methylene blue, and ammonium by Berthelot's reaction, in a flow-injection system. For ammonium, the reaction forms a blue dye (indophenol) with a maximum absorption at 630-650 nm. The detection limit, considered as 3 times the signal of the blank, is better than 125 mu g l(-1). The small flow cell represents a good combination of optical path length, low volume and fast washout. This detector can be used advantageously in automated methods and can represent a solution to problems of optical detection involving gas bubbles and precipitation of particles in turbidimetric applications.