The role of central bank operating procedures in an economy with productive government spending

The choice of either the rate of monetary growth or the nominal interest rate as the instrument controlled by monetary authorities has both positive and normative implications for economic performance. We reexamine some of the issues related to the choice of the monetary policy instrument in a dynamic general equilibrium model exhibiting endogenous growth in which a fraction of productive government spending is financed by means of issuing currency. When we evaluate the performance of the two monetary instruments attending to the fluctuations of endogenous variables, we find that the inflation rate is less volatile under nominal interest rate targeting. Concerning the fluctuations of consumption and of the growth rate, both monetary policy instruments lead to statistically equivalent volatilities. Finally, we show that none of these two targeting procedures displays unambiguously higher welfare levels.

Payments for environmental services in watersheds: insights from a comparative study of three cases in Central America

We have compared three cases of payments for water-related environmental services (PES) in Central America, in terms of socioeconomic background, opportunity costs of forest conservation and stakeholders’ perceptions on the conditions of water resources and other issues. We found that, in general, the foregone benefits from land uses alternative to forest cover are larger than the amount paid, which apparently contradicts the economic foundation of PES schemes. A number of possible explanations are explored. The results also suggest that trade-offs between different environmental and social goals are likely to emerge in PES schemes, posing some doubts on their ability to be multipurpose instruments for environmental improvement and rural development. We also found that PES schemes may work as a conflictresolution instrument, facilitating downstream -upstream problem solving, though at the same time they might introduce changes in social perceptions of property rights.

Lankesterella alencari n. sp., a toxoplasma-like organism in the central nervous system of Amphibia (Protozoa, Sporozoa)

Lankesterella alencari n. sp. a Sporozoa that occur in the blood and CNS of the South American frog Leptodactylus acellatus is described. Since the tissue forms of this parasite have been previously reported as belonging to the genus Toxoplasma, we attempted in fection of 2 species of amphibia (Bufo marinus an dLeptodactylus ocellatus) with a Toxoplasma strain of human origen; inoculation was by intraperitoneal injection of parasite-containing ascitic fluid from infected mice. Attempt of experimental inoculation of the parasite found in the CNS of L. ocellatus in a highly susceptible host (mice) was unsuccessful. These results suggest that Toxoplasma does not occur naturally in the amphibia; be related to Toxoplasma is excluded. The following genera of haematozoa found in brazilian amphibia have been considered briedfly: Haemobartonella, Cytamoeba, Dactylosoma, Hepatozoon and Trypanosoma.

Ten Propositions on Rural Poverty and Agrarian Transition in Central Eurasia

The relation between agricultural development and rural poverty reduction in six Central Eurasian countries, namely Azerbaijan (South Caucasus) and Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan (Central Asia), is discussed by presenting and analyzing ten propositions. These propositions cover a broad range of issues that relate to rural poverty in this region, such as: the state of income and non-income poverty; the diverse processes of land reform and farm restructuring, and agricultural policy reform; and finally, the institutional and market framework that is needed for dynamic agricultural and rural development. The paper contends that rural poverty is not responding as robustly to rapid economic growth in these countries, and that agricultural growth, in particular in the newly emerging peasant farm sector, is necessary to promote rural poverty reduction.

The principal reservoir host of cutaneous leishmaniasis in the urban areas of Manaus, Central Amazon of Brazil

Twenty one opossums (Didelphis marsupialis) from disturbed primary forest in the vicinity of Manaus, and seven from an isolated island of secondary vegetation within the city of Manaus, were examined for the presence of Leishmania. Of the opossums from the primary forests, 13 (61.9%) were found to be positive for Leishmania braziliensis guyanenesis. One additional opossum was found to be positive for Le. mexicana amazonensis. A simple and economical trapping technique for opossums is presented here, and a control method in special cases is suggested.

A new triatomine host of trypanosoma from the Central Amazon of Brazil: Cavernicola lenti n.sp. (Hemiptera, Reduviidae, Triatominae)

Adults and nymphs of Cavernicola lenti, new species, from Amazonas state, Brazil, are described and illustrated. Observations on the biology of the new species are presented. Preliminaty findings indicate that C. lenti is a probable vector of bat trypanosomes.

When do central banks prefer to intervene secretly?

Central banks often intervene secretly in the foreign exchange market. This secrecy seems to be at odds with the signalling channel. In this article we will analyse when a central bank intervening in the foreign exchange rate market purely through the signalling channel would prefer to act secretly or publicly. By using a microstructure model, we will show that the consistency of the intervention with fundamentals, the volume of noise trading, the weight given to the effectiveness of intervention and the degree of superior information held by the central bank will influence the decision to intervene secretly or publicly. Keywords: foreign exchange intervention, market microstructure. JEL Classifi…cation: D82, E58, F31, G14.

An 40Ar/39Ar, Rb/Sr, and stable isotope study of micas in low-grade fold-and-thrust belt: An example from the Swiss Helvetic Alps

White micas in carbonate-rich tectonites and a few other rock types of large thrusts in the Swiss Helvetic fold-and-thrust belt have been analyzed by Ar-40/Ar-39 and Rb/Sr techniques to better constrain the timing of Alpine deformation for this region. Incremental Ar-40/Ar-39 heating experiments of 25 weakly metamorphosed (anchizone to low greenschist) samples yield plateau and staircase spectra. We interpret most of the staircase release spectra result from variable mixtures of syntectonic (neoformed) and detrital micas. The range in dates obtained within individual spectra depends primarily on the duration of mica nucleation and growth, and relative proportions of neoformed and detrital mica. Rb/Sr analyses of 12 samples yield dates of ca. 10-39 Ma (excluding one anomalously young sample). These dates are slightly younger than the Ar-40/Ar-39 total gas dates obtained for the same samples. The Rb/ Sr dates were calculated using initial Sr-87/Sr-86 ratios obtained from the carbonate-dominated host rocks, which are higher than normal Mesozoic carbonate values due to exchange with fluids of higher Sr-87/Sr-86 ratios (and lower O-18/O-16 ratios). Model dates calculated using Sr-87/Sr-86 values typical of Mesozoic marine carbonates more closely approximate the Ar-40/Ar-39 total gas dates for most of the samples. The similarities of Rb/Sr and Ar-40/Ar-39 total gas dates are consistent with limited amounts of detrital mica in the samples. The delta(18)O values range from 24-15%. (VSMOW) for 2-6 mum micas and 27-16parts per thousand for the carbonate host rocks. The carbonate values are significantly lower than their protolith values due to localized fluid-rock interaction and fluid flow along most thrust surfaces. Although most calcite-mica pairs are not in oxygen isotope equilibrium at temperatures of ca. 200-400 degreesC, their isotopic fractionations are indicative of either 1) partial exchange between the minerals and a common external fluid, or 2) growth or isotopic exchange of the mica with the carbonate after the carbonate had isotopically exchanged with an external fluid. The geological significance of these results is not easily or uniquely determined, and exemplifies the difficulties inherent in dating very fine-grained micas of highly deformed tectonites in low-grade metamorphic terranes. Two generalizations can be made regarding the dates obtained from the Helvetic thrusts: 1) samples from the two highest thrusts (Mt. Gond and Sublage) have all of their Ar-40/Ar-39 steps above 20 Ma, and 2) most samples from the deepest Helvetic thrusts have steps (often accounting for more than 80% of Ar-39 release) between 15 and 25 Ma. These dates are consistent with the order of thrusting in the foreland-imbricating system and increase proportions of neoformed to detrital mica in the more metamorphosed hinterland and deeply buried portions of the nappe pile. Individual thrusts accommodated the majority of their displacement during their initial incorporation into the foreland-imbricating system, and some thrusts remained active or were reactivated down to 15 Ma.

Contribution to the geology of Thailand and implications for the geodynamic evolution of Southeast Asia

Abstract The purpose of this study is to unravel the geodynamic evolution of Thailand and, from that, to extend the interpretation to the rest of Southeast Asia. The methodology was based in a first time on fieldwork in Northern Thailand and Southernmost Myanmar, using a multidisciplinary approach, and then on the compilation and re-interpretation, in a plate tectonics point of view, of existing data about the whole Southeast Asia. The main results concern the Nan-Uttaradit suture, the Chiang Mai Volcanic Belt and the proposition of a new location for the Palaeotethys suture. This led to the establishment of a new plate tectonic model for the geodynamic evolution of Southeast Asia, implying the existence new terranes (Orang Laut and the redefinition of Shan-Thai) and the role of the Palaeopacific Ocean in the tectonic development of the area. The model proposed here considers the Palaeotethys suture as located along the Tertiary Mae Yuam Fault, which represents the divide between the Cimmerian Sibumasu terrane and the Indochina-derived Shan-Thai block. The term Shan-Thai, previously used to define the Cimmerian area (when the Palaeotethys suture was thought to represented by the Nan-Uttaradit suture), was redefined here by keeping its geographical location within the Shan States of Myanmar and Central-Northern Thailand, but attributing it an East Asian Origin. Its detachment from Indochina was the result of the Early Permian opening of the Nan basin. The Nan basin closed during the Middle Triassic, before the deposition of Carnian-Norian molasse. The modalities of the closure of the basin imply a first phase of Middle Permian obduction, followed by final eastwards subduction. The Chiang Mai Volcanic Belt consists of scattered basaltic rocks erupted at least during the Viséan in an extensional continental intraplate setting, on the Shan-Thai part of the Indochina block. The Viséan age was established by the dating of limestone stratigraphically overlying the basalts. In several localities of the East Asian Continent, coeval extensional features occur, possibly implying one or more Early Carboniferous extensional events at a regional scale. These events occurred either due to the presence of a mantle plume or to the roll-back of the Palaeopacific Ocean, subducting beneath Indochina and South China, or both. The Palaeopacific Ocean is responsible, during the Early Permian, for the opening of the Song Ma and Poko back-arcs (Vietnam) with the consequent detachment of the Orang Laut Terranes (Eastern Vietnam, West Sumatra, Kalimantan, Palawan, Taiwan). The Late Triassic/Early Jurassic closure of the Eastern Palaeotethys is considered as having taken place by subduction beneath its southern margin (Gondwana), due to the absence of Late Palaeozoic arc magmatism on its northern (Indochinese) margin and the presence of volcanism on the Cimmerian blocks (Mergui, Lhasa). Résumé Le but de cette étude est d'éclaircir l'évolution géodynamique de la Thaïlande et, à partir de cela, d'étendre l'interprétation au reste de l'Asie du Sud-Est. La méthodologie utilisée est basée dans un premier temps sur du travail de terrain en Thaïlande du nord et dans l'extrême sud du Myanmar, en se basant sur une approche pluridisciplinaire. Dans un deuxième temps, la compilation et la réinterprétation de données préexistantes sur l'Asie du Sud-est la été faite, dans une optique basée sur la tectonique des plaques. Les principaux résultats de ce travail concernent la suture de Nan-Uttaradit, la « Chiang Mai Volcanic Belt» et la proposition d'une nouvelle localité pour la suture de la Paléotethys. Ceci a conduit à l'établissement d'un nouveau modèle pour l'évolution géodynamique de l'Asie du Sud-est, impliquant l'existence de nouveaux terranes (Orang Laut et Shan-Thai redéfini) et le rôle joué par le Paléopacifique dans le développement tectonique de la région. Le modèle présenté ici considère que la suture de la Paléotethys est située le long de la faille Tertiaire de Mae Yuam, qui représente la séparation entre le terrain Cimmérien de Sibumasu et le bloc de Shan-Thai, d'origine Indochinoise. Le terme Shan-Thai, anciennement utilise pour définir le bloc Cimmérien (quand la suture de la Paléotethys était considérée être représentée par la suture de Nan-Uttaradit), a été redéfini ici en maintenant sa localisation géographique dans les états Shan du Myanmar et la Thaïlande nord-centrale, mais en lui attribuant une origine Est Asiatique. Son détachement de l'Indochine est le résultat de l'ouverture du basin de Nan au Permien Inférieur. Le basin de Nan s'est fermé pendant le Trias Moyen, avant le dépôt de molasse Carnienne-Norienne. Les modalités de fermeture du basin invoquent une première phase d'obduction au Permien Moyen, suivie par une subduction finale vers l'est. La "Chiang Mai Volcanic Belt" consiste en des basaltes éparpillés qui ont mis en place au moins pendant le Viséen dans un contexte extensif intraplaque continental sur la partie de l'Indochine correspondant au bloc de Shan-Thai. L'âge Viséen a été établi sur la base de la datation de calcaires qui surmontent stratigraphiquement les basaltes. Dans plusieurs localités du continent Est Asiatique, des preuves d'extension plus ou moins contemporaines ont été retrouvées, ce qui implique l'existence d'une ou plusieurs phases d'extension au Carbonifère Inférieur a une échelle régionale. Ces événements sont attribués soit à la présence d'un plume mantellique, ou au rollback du Paléopacifique, qui subductait sous l'Indochine et la Chine Sud, soit les deux. Pendant le Permien inférieur, le Paléopacifique est responsable pour l'ouverture des basins d'arrière arc de Song Ma et Poko (Vietnam), induisant le détachement des Orang Laut Terranes (Est Vietnam, Ouest Sumatra, Kalimantan, Palawan, Taiwan). La fermeture de la Paléotethys Orientale au Trias Supérieur/Jurassique Inférieur est considérée avoir eu lieu par subduction sous sa marge méridionale (Gondwana), à cause de l'absence de magmatisme d'arc sur sa marge nord (Indochinoise) et de la présence de volcanisme sur les blocs Cimmériens de Lhassa et Sibumasu (Mergui). Résumé large public L'histoire géologique de l'Asie du Sud-est depuis environ 430 millions d'années a été déterminée par les collisions successives de plusieurs continents les uns avec les autres. Il y a environ 430 millions d'années, au Silurien, un grand continent appelé Gondwana, a commencé à se «déchirer» sous l'effet des contraintes tectoniques qui le tiraient. Cette extension a provoqué la rupture du continent et l'ouverture d'un grand océan, appelé Paléotethys, éloignant les deux parties désormais séparées. C'est ainsi que le continent Est Asiatique, composé d'une partie de la Chine actuelle, de la Thaïlande, du Myanmar, de Sumatra, du Vietnam et de Bornéo a été entraîné avec le bord (marge) nord de la Paléotethys, qui s'ouvrait petit à petit. Durant le Carbonifère Supérieur, il y a environ 300 millions d'années, le sud du Gondwana subissait une glaciation, comme en témoigne le dépôt de sédiments glaciaires dans les couches de cet âge. Au même moment le continent Est Asiatique se trouvait à des latitudes tropicales ou équatoriales, ce qui permettait le dépôt de calcaires contenant différents fossiles de foraminifères d'eau chaude et de coraux. Durant le Permien Inférieur, il y a environ 295 millions d'années, la Paléotethys Orientale, qui était un relativement vieil océan avec une croûte froide et lourde, se refermait. La croûte océanique a commencé à s'enfoncer, au sud, sous le Gondwana. C'est ce que l'on appelle la subduction. Ainsi, le Gondwana s'est retrouvé en position de plaque supérieure, par rapport à la Paléotethys qui, elle, était en plaque inférieure. La plaque inférieure en subductant a commencé à reculer. Comme elle ne pouvait pas se désolidariser de la plaque supérieure, en reculant elle l'a tirée. C'est le phénomène du «roll-back ». Cette traction a eu pour effet de déchirer une nouvelle fois le Gondwana, ce qui a résulté en la création d'un nouvel Océan, la Neotethys. Cet Océan en s'ouvrant a déplacé une longue bande continentale que l'on appelle les blocs Cimmériens. La Paléotethys était donc en train de se fermer, la Neotethys de s'ouvrir, et entre deux les blocs Cimmériens se rapprochaient du Continent Est Asiatique. Pendant ce temps, le continent Est Asiatique était aussi soumis à des tensions tectoniques. L'Océan Paléopacifique, à l'est de celui-ci, était aussi en train de subducter. Cette subduction, par roll-back, a déchiré le continent en détachant une ligne de microcontinents appelés ici « Orang Laut Terranes », séparés du continent par deux océans d'arrière arc : Song Ma et Poko. Ceux-ci sont composés de Taiwan, Palawan, Bornéo ouest, Vietnam oriental, et la partie occidentale de Sumatra. Un autre Océan s'est ouvert pratiquement au même moment dans le continent Est Asiatique : l'Océan de Nan qui, en s'ouvrant, a détaché un microcontinent appelé Shan-Thai. La fermeture de l'Océan de Nan, il y a environ 230 millions d'années a resolidarisé Shan-Thai et le continent Est Asiatique et la trace de cet événement est aujourd'hui enregistrée dans la suture (la cicatrice de l'Océan) de Nan-Uttaradit. La cause de l'ouverture de l'Océan de Nan peut soit être due à la subduction du Paléopacifique, soit aux fait que la subduction de la Paléotethys tirait le continent Est Asiatique par le phénomène du « slab-pull », soit aux deux. La subduction du Paléopacifique avait déjà crée de l'extension dans le continent Est Asiatique durant le Carbonifère Inférieur (il y a environ 340-350 millions d'années) en créant des bassins et du volcanisme, aujourd'hui enregistré en différents endroits du continent, dont la ceinture volcanique de Chiang Mai, étudiée ici. A la fin du Trias, la Paléotethys se refermait complètement, et le bloc Cimmérien de Sibumasu entrait en collision avec le continent Est Asiatique. Comme c'est souvent le cas avec les grands océans, il n'y a pas de suture proprement dite, avec des fragments de croûte océanique, pour témoigner de cet évènement. Celui-ci est visible grâce à la différence entre les sédiments du Carbonifère Supérieur et du Permieñ Inférieur de chaque domaine : dans le domaine Cimmérien ils sont de type glaciaire alors que dans le continent Est Asiatique ils témoignent d'un climat tropical. Les océans de Song Ma et Poko se sont aussi refermés au Trias, mais eux ont laissé des sutures visibles

The Teggiolo zone: a key to the Helvetic-Penninic connection (stratigraphy and tectonics in the Val Bavona, Ticino, Central Alps)

The Teggiolo zone is the sedimentary cover of the Antigorio nappe, one of the lowest tectonic units of the Penninic Central Alps. Detailed mapping, stratigraphic and structural analyses, and comparisons with less metamorphic series in several well-studied domains of the Alps, provide a new stratigraphic interpretation. The Teggiolo zone is comprised of several sedimentary cycles, separated by erosive surfaces and large stratigraphic gaps, which cover the time span from Triassic to Eocene. At Mid-Jurassic times it appears as an uplifted, partially emergent block, marking the southern limit of the main Helvetic basin (the Limiting South-Helvetic Rise LSHR). The main mass of the Teggiolo calcschists, whose base truncates the Triassic-Jurassic cycles and can erode the Antigorio basement, consists of fine-grained clastic sediments analogous to the deep-water flyschoid deposits of Late Cretaceous to Eocene age in the North-Penninic (or Valais s.l.) basins. Thus the Antigorio-Teggiolo domain occupies a crucial paleogeographic position, on the boundary between the Helvetic and Penninic realms: from Triassic to Early Cretaceous its affinity is with the Helvetic; at the end of Cretaceous it is incorporated into the North-Penninic basins. An unexpected result is the discovery of the important role played by complex formations of wildflysch type at the top of the Teggiolo zone. They contain blocks of various sizes. According to their nature, three different associations are distinguished that have specific vertical and lateral distributions. These blocks give clues to the existence of territories that have disappeared from the present-day level of observation and impose constraints on the kinematics of early folding and embryonic nappe emplacement. Tectonics produced several phases of superimposed folds and schistosities, more in the metasediments than in the gneissic basement. Older deformations that predate the amplification of the frontal hinge of the nappe generated the dominant schistosity and the km-wide Vanzèla isoclinal fold.

Aspectos ecológicos da leishmaniose tegumentar americana: 5. Estratificação da atividade espacial e estacional de Phlebotominae (Diptera, Psychodidae) em áreas de cultura agrícola da região do Vale do Ribeira, Estado de São Paulo, Brasil

A composição e estratificação da atividade Phlebotominae desenvolvida numa mata residual e área aberta com intensa atividade agrícola, tomam parte desta investigação. O emprego da armadilha CDC tornou acessivo determinar a fauna local. Treze espécies e um número global de 5.423 indivíduos foram capturados. Os pontos situados no ecótono foram os que apresentaram maiores rendimentos, com destaque para P. intermedius, L. migonei e L. fischeri. Desse modo, os resultados levam acreditar serem portadoras de hábito acrodendrófilo. Por outro lado, quando o resultado global foi agrupado segundo o sexo masculino e feminino, o primeiro foi predominante. A análise da distruição estacional dessas espécies citadas revelou claramente picos de atividades mais elevados, bi e tri-modal, para diferentes estações. Na estação outono, P. intermedius teve atividade quase exclusivamente ao nível do solo. Esta exclusividade praticamente se estendeu aos locais de coleta situados em campo aberto.

Description of Lutzomyia (Coromyia) disneyi, n. sp. (Diptera: Psychodidae-Phlebotominae) from Belize, Central America

The commonest sand fly in limestone caves in Belize, Central America, previously, referred to as Lutzomyia beltrani (Belize form), is described as Lutzomyia (Coromyia) disneyi n. sp.

Modeling of in-situ crystallization processes in the Permian mafic layered intrusion of Mont Collon (Dent Blanche nappe, western Alps)

The Mont Collon mafic complex is one of the best preserved examples of the Early Permian magmatism in the Central Alps, related to the intra-continental collapse of the Variscan belt. It mostly consists (> 95 vol.%) of ol+hy-nonnative plagioclase-wehrlites, olivine- and cpx-gabbros with cumulitic structures, crosscut by acid dikes. Pegmatitic gabbros, troctolites and anorthosites outcrop locally. A well-preserved cumulative, sequence is exposed in the Dents de Bertol area (center of intrusion). PT-calculations indicate that this layered magma chamber emplaced at mid-crustal levels at about 0.5 GPa and 1100 degrees C. The Mont Collon cumulitic rocks record little magmatic differentiation, as illustrated by the restricted range of clinopyroxene mg-number (Mg#(cpx)=83-89). Whole-rock incompatible trace-element contents (e.g. Nb, Zr, Ba) vary largely and without correlation with major-element composition. These features are characteristic of an in-situ crystallization process with variable amounts of interstitial liquid L trapped between the cumulus mineral phases. LA-ICPMS measurements show that trace-element distribution in the latter is homogeneous, pointing to subsolidus re-equilibration between crystals and interstitial melts. A quantitative modeling based on Langmuir's in-situ crystallization equation successfully duplicated the REE concentrations in cumulitic minerals of all rock facies of the intrusion. The calculated amounts of interstitial liquid L vary between 0 and 35% for degrees of differentiation F of 0 to 20%, relative to the least evolved facies of the intrusion. L values are well correlated with the modal proportions of interstitial amphibole and whole-rock incompatible trace-element concentrations (e.g. Zr, Nb) of the tested samples. However, the in-situ crystallization model reaches its limitations with rock containing high modal content of REE-bearing minerals (i.e. zircon), such as pegmatitic gabbros. Dikes of anorthositic composition, locally crosscutting the layered lithologies, evidence that the Mont Collon rocks evolved in open system with mixing of intercumulus liquids of different origins and possibly contrasting compositions. The proposed model is not able to resolve these complex open systems, but migrating liquids could be partly responsible for the observed dispersion of points in some correlation diagrams. Absence of significant differentiation with recurrent lithologies in the cumulitic pile of Dents de Bertol points to an efficiently convective magma chamber, with possible periodic replenishment, (c) 2005 Elsevier B.V. All rights reserved.