The trasition from fixed to floating exchange rate regimes: the case of Brazil

This dissertation evaluates macroeconomic management in Brazil from 1994 to the present, with particular focus on exchange rate policy. It points out that while Brazil's Real Plan succeeded in halting the hyperinflation that had reached more than 2000 percent in 1993, it also caused significant real appreciation of the exchange rate situation that was only made worse by the extremely high interest rates and ensuing bout of severe financial crises in the intemational arena. By the end of 1998, the accumulation of internai and externai imbalances led the authorities to drop foreign exchange controls and allow the currency to float. In spite of some initial scepticism, the flexible rate regime cum inflation target proved to work well. Inflation was kept under control; the current account position improved significantly, real interest rates fell and GDP growth resumed. Thus, while great challenges still lie ahead, the recent successes bestow some optimism on the well functioning of this exchange rate regime. The Brazilian case suggests that successful transition from one foreign exchange system to another, particularly during financial crisis, does not depend only on one variable be it fiscal or monetary. In reality, it depends on whole set of co-ordinated policies aimed at resuming price stability with as little exchange rate and output volatility as possible.

On uniqueness of equilibrium in the Kyle Model

A longstanding unresolved question is whether the one-period Kyle Model of an informed trader and a noisily informed market maker has an equilibrium that is different from the closed-form solution derived by Kyle (1985). This note advances what is known about this open problem.

The omega DD vertex in a sum rule approach

The study of charmonium dissociation in heavy ion collisions is generally performed in the framework of effective Lagrangians with meson exchange. Some studies are also developed with the intention of calculate form factors and coupling constants related with charmed and light mesons. These quantifies are important in the evaluation of charmonium cross sections. In this Letter we present a calculation of the omega DD vertex that is a possible interaction vertex in some meson-exchange models spread in the literature. We used the standard method of QCD sum rules in order to obtain the vertex form factor as a function of the transferred momentum. Our results are compatible with the value of this vertex form factor (at zero momentum transfer) obtained in the vector-meson dominance model. (c) 2006 Elsevier B.V. All rights reserved.

Spacelike and timelike pion electromagnetic form factor and Fock state components within the light-front dynamics

The simultaneous investigation of the pion electromagnetic form factor in the space- and timelike regions within a light-front model allows one to address the issue of nonvalence components of the pion and photon wave functions. Our relativistic approach is based on a microscopic vector-meson-dominance model for the dressed vertex where a photon decays in a quark-antiquark pair, and on a simple parametrization for the emission or absorption of a pion by a quark. The results show an excellent agreement in the space like region up to -10 (GeV/c)(2), while in timelike region the model produces reasonable results up to 10 (GeV/c)(2).

Rho-nucleon tensor coupling and charge-exchange resonances

The Gamow-Teller resonance in Pb-208 is discussed in the context of a self-consistent RPA, based on the relativistic mean field theory. We inquire on the possibility of substituting the phenomenological Landau-Migdal force by a microscopic nucleon-nucleon interaction, generated from the rho-nucleon tensor coupling. The effect of this coupling turns out to be very small when the short range correlations are not taken into account, but too large when these correlations are simulated by the simple extraction of the contact terms from the resulting nucleon-nucleon interaction. (C) 2000 Elsevier B.V. B.V. All rights reserved.

Radiative Omega(-)->Xi(-)gamma decay and physics beyond the standard model

We investigate the impact of new physics beyond the Standard Model to the s --> d gamma process, which is responsible for the short-distance contribution to the radiative decay Omega-( )--> Xi(-) gamma. We study three representative extensions of the Standard Model, namely a one-family technicolor model, a two Higgs doublet model and a model containing scalar leptoquarks. When constraints arising from the observed b --> s gamma transition and the upper limit on D-0-(D) over bar(0) mixing are taken into account, we find no significant contributions of new physics to the s --> d gamma process.

Charm Production in Antiproton-Proton Annihilation

We study the production of charmed mesons (D) and baryons (Lambda(c)) in antiproton- proton ((p) over barp) annihilation close to their respective production thresholds. The elementary charm production process is described by either baryon/ meson exchange or by quark/ gluon dynamics. Effects of the interactions in the initial and final states are taken into account rigorously. The calculations are performed in close analogy to our earlier study on (p) over bar -> (Lambda) over bar Lambda and (p) over barp (K) over bar K by connecting the processes via SU(4) flavor symmetry. Our predictions for the (Lambda) over bar (c)Lambda(c) production cross section are in the order of 1 to 7 mb, i. e. a factor of around 10-70 smaller than the corresponding cross sections for (Lambda) over bar Lambda However, they are 100 to 1000 times larger than predictions of other model calculations in the literature. on the other hand, the resulting cross sections for (D) over barD production are found to be in the order of 10(-2) - 10(-1)mu b and they turned out to be comparable to those obtained in other studies.

Solutions of the bound-state Faddeev-Yakubovsky equations in three dimensions by using NN and 3N potential models

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

Short-term temporal changes in the spatial variability model of CO2 emissions from a Brazilian bare soil

In this work, the spatial variability model of CO2 emissions and soil properties of a Brazilian bare soil were investigated. Carbon dioxide emissions were measured on three different days at contrasted soil temperature and soil moisture conditions, and soil properties were investigated at the same points where emissions were measured. One spatial variability model of soil CO2 emissions was found for each measurement day, and these models are similar to the ones of soil properties studied in an area of 100 x 100 m. (C) 2000 Elsevier B.V. Ltd. All rights reserved.

Electronic Perspective on the Electrochemistry of Prussian Blue Films

The derivative of the voltabsommetric scans, together with previous nano-electrogravimetric and X-ray diffraction results, allow different electrochemical processes to be distinguished during the Prussian blue (PB) voltammetric scan. Potassium, proton, and hydrated proton counterions involved in PB electrochemistry are related here to the electrochemical reactions of specific Fe sites. Potassium counterions show two different sites for their insertion: one located in the crystalline framework and another in ferrocyanide vacancies. From the monitoring of electroactive Fe sites, the covalent-exchange model is suggested as one of the first approaches to explain the origin of the PB magnetic ordering observed at room temperature during voltammetric scanning.

Nuclear coherent versus incoherent effects in peripheral RHI collisions

We derive simple and physically transparent expressions for the contribution of the strong interaction to one-nucleon-removal processes in peripheral relativistic heavy-ion collisions. The coherent contribution, i.e., the excitation of a giant dipole resonance via meson exchange, is shown to be negligible as well as the interference between Coulomb and nuclear excitation. The incoherent nucleon-knockout contribution is also derived suggesting the nature of the nuclear interaction in this class of processes. We also justify the simple formulae used to fit the data of the E814 Collaboration. © 1995 Elseier Science B.V. All rights reserved.

ψ(3770) resonance and its production in p¯p→DD¯

Conselho Nacional de Desenvolvimento Científico e Tecnológico (CNPq)

Radiative Omega(-)->Xi(-)gamma decay and physics beyond the standard model

We investigate the impact of new physics beyond the standard model to the s → dγ process, which is responsible for the short-distance contribution to the radiative decay Ω-Ξ-γ. We study three representative extensions of the standard model: namely, a one-family technicolor model, a two-Higgs-doublet model, and a model containing scalar leptoquarks. When constraints arising from the observed b→sγ transition and the upper limit on D0-D̄0 mixing are taken into account, we find no significant contributions of new physics to the s→dy process.

Modelling and determination of metabolic pools by stable carbon isotopes in the avian duodenal mucosa and albumen

Stable isotope analyses have helped in assessing dietary switches if the diet undergoes metabolic alteration (isotopic exchange). However, when considering the effects over time of switching from one diet to another, one can assess how quickly the new diet is incorporated into tissues via the isotopic renewal or incorporation rate, or turnover. Turnover is obtained using exponential curves that fit the original data, allowing the determination of practical order parameters such as the half-life (T) and the turnover constant (k). Researchers have found that metabolic incorporation can be fractionated. The resulting fractions, called metabolic pools, are identified using the linearization of the isotopic exchange model and its linear fit. This fractionation methodology is still not well defined. The objective of this study was to assess the behaviour of the metabolic renewal rate (turnover) in fractionated form, explain the theory, and apply it to data from the avian duodenal mucosa and albumen. We concluded that the duodenal mucosa has one metabolic pool, with a half-life of 1.23 days, and that the albumen has two metabolic pools, with half-lives of 1.89 and 6.32 days.

Model-based reuse for crosscutting frameworks: assessing reuse and maintenance effort

Abstract Background Over the last years, a number of researchers have investigated how to improve the reuse of crosscutting concerns. New possibilities have emerged with the advent of aspect-oriented programming, and many frameworks were designed considering the abstractions provided by this new paradigm. We call this type of framework Crosscutting Frameworks (CF), as it usually encapsulates a generic and abstract design of one crosscutting concern. However, most of the proposed CFs employ white-box strategies in their reuse process, requiring two mainly technical skills: (i) knowing syntax details of the programming language employed to build the framework and (ii) being aware of the architectural details of the CF and its internal nomenclature. Also, another problem is that the reuse process can only be initiated as soon as the development process reaches the implementation phase, preventing it from starting earlier. Method In order to solve these problems, we present in this paper a model-based approach for reusing CFs which shields application engineers from technical details, letting him/her concentrate on what the framework really needs from the application under development. To support our approach, two models are proposed: the Reuse Requirements Model (RRM) and the Reuse Model (RM). The former must be used to describe the framework structure and the later is in charge of supporting the reuse process. As soon as the application engineer has filled in the RM, the reuse code can be automatically generated. Results We also present here the result of two comparative experiments using two versions of a Persistence CF: the original one, whose reuse process is based on writing code, and the new one, which is model-based. The first experiment evaluated the productivity during the reuse process, and the second one evaluated the effort of maintaining applications developed with both CF versions. The results show the improvement of 97% in the productivity; however little difference was perceived regarding the effort for maintaining the required application. Conclusion By using the approach herein presented, it was possible to conclude the following: (i) it is possible to automate the instantiation of CFs, and (ii) the productivity of developers are improved as long as they use a model-based instantiation approach.