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This paper presents a new measure of capital flow pressures in the form of a recast Exchange Market Pressure index. The measure captures pressures that materialize in actual international capital flows as well as pressures that result in exchange rate adjustments. The formulation is theory-based, relying on balance of payments equilibrium conditions and international asset portfolio considerations. Based on the modified exchange market pressure index, the paper also proposes the Global Risk Response Index, which reflects the country-specific sensitivity of capital flow pressures to measures of global risk aversion. For a large sample of countries over time, we demonstrate time variation in the effects of global risk on exchange market pressures, the evolving importance of the global factor across types of countries, and the changing risk-on or risk-off status of currencies.
Statistical Seismology aims to bridge the gap between physics-based and statistics-based models. This volume provides a combination of reviews, methodological studies, and applications, which point to promising efforts in this field. The volume will be useful to students and professional researchers alike, who are interested in using stochastic modeling for probing the nature of earthquake phenomena, as well as an essential ingredient for earthquake forecasting.
The first comprehensive economic and legal analysis of hub-and-spoke cartels, with detailed case studies. A cartel forms when competitors conspire to limit competition through coordinated actions. Most cartels are composed exclusively of firms that would otherwise be in competition, but in a hub-and-spoke cartel, those competitors (“spokes”) conspire with the assistance of an upstream supplier or a downstream buyer (“hub”). This book provides the first comprehensive economic and legal analysis of hub-and-spoke cartels, explaining their formation and how they operate to create and sustain a collusive environment. Sixteen detailed case studies, including cases brought against toy manufacturer Hasbro and the Apple ebook case, illustrate the economic framework and legal strategies discussed. The authors identify three types of hub-and-spoke cartels: when an upstream firm facilitates downstream firms to coordinate on higher prices; when a downstream intermediary facilitates upstream suppliers to coordinate on higher prices; and when a downstream firm facilitates upstream suppliers to exclude a downstream rival. They devote a chapter to each type, discussing the formation, coordination, enforcement, efficacy, and prosecution of these cartels, and consider general lessons that can be drawn from the case studies. Finally, they present strategies for prosecuting hub-and-spoke collusion. The book is written to be accessible to both economists and lawyers, and is intended for both scholars and practitioners.
Hawaiian Volcanoes, From Source to Surface is the outcome of an AGU Chapman Conference held on the Island of Hawai‘i in August 2012. As such, this monograph contains a diversity of research results that highlight the current understanding of how Hawaiian volcanoes work and point out fundamental questions requiring additional exploration. Volume highlights include: Studies that span a range of depths within Earth, from the deep mantle to the atmosphere Methods that cross the disciplines of geochemistry, geology, and geophysics to address issues of fundamental importance to Hawai‘i’s volcanoes Data for use in comparisons with other volcanoes, which can benefit from, and contribute to, a better understanding of Hawai‘i Discussions of the current issues that need to be addressed for a better understanding of Hawaiian volcanism Hawaiian Volcanoes, From Source to Surface will be a valuable resource not only for researchers studying basaltic volcanism and scientists generally interested in volcanoes, but also students beginning their careers in geosciences. This volume will also be of great interest to igneous petrologists, geochemists, and geophysicists.
Characteristics of Hawaiian Volcanoes establishes a benchmark for the currrent understanding of volcanism in Hawaii, and the articles herein build upon the elegant and pioneering work of Dutton, Jagger, Steams, and many other USGS and academic scientists. Each chapter synthesizes the lessons learned about a specific aspect of volcanism in Hawaii, based largely o continuous observation of eruptive activity and on systematic research into volcanic and earthquake processes during HVO's first 100 years. NOTE: NO FURTHER DISCOUNTS FOR ALREADY REDUCED SALE ITEMS.
Based on more than 12 years of systematic investigation on earthquake disaster simulation of civil infrastructures, this book covers the major research outcomes including a number of novel computational models, high performance computing methods and realistic visualization techniques for tall buildings and urban areas, with particular emphasize on collapse prevention and mitigation in extreme earthquakes, earthquake loss evaluation and seismic resilience. Typical engineering applications to several tallest buildings in the world (e.g., the 632 m tall Shanghai Tower and the 528 m tall Z15 Tower) and selected large cities in China (the Beijing Central Business District, Xi'an City, Taiyuan City and Tangshan City) are also introduced to demonstrate the advantages of the proposed computational models and techniques. The high-fidelity computational model developed in this book has proven to be the only feasible option to date for earthquake-induced collapse simulation of supertall buildings that are higher than 500 m. More importantly, the proposed collapse simulation technique has already been successfully used in the design of some real-world supertall buildings, with significant savings of tens of thousands of tons of concrete and steel, whilst achieving a better seismic performance and safety. The proposed novel solution for earthquake disaster simulation of urban areas using nonlinear multiple degree-of-freedom (MDOF) model and time-history analysis delivers several unique advantages: (1) true representation of the characteristic features of individual buildings and ground motions; (2) realistic visualization of earthquake scenarios, particularly dynamic shaking of buildings during earthquakes; (3) detailed prediction of seismic response and losses on each story of every building at any time period. The proposed earthquake disaster simulation technique has been successfully implemented in the seismic performance assessments and earthquake loss predictions of several central cities in China. The outcomes of the simulation as well as the feedback from the end users are encouraging, particularly for the government officials and/or administration department personnel with limited professional knowledge of earthquake engineering. The book offers readers a systematic solution to earthquake disaster simulation of civil infrastructures. The application outcomes demonstrate a promising future of the proposed advanced techniques. The book provides a long-awaited guide for academics and graduate students involving in earthquake engineering research and teaching activities. It can also be used by structural engineers for seismic design of supertall buildings.
Today, there is renewed interest in the history and traditions of the patriarchal period. Recent publications have sought, among other things, to show that the biblical patriarchs were a literary, even fictional, creation of the first millennium BC, produced to provide the nation of Israel, which came into prominence only then, with "founding fathers." Much of this new writing is helpful in distinguishing what are traditional or speculative interpretations from the basic texts of Genesis. Sometimes archaeological evidence has been adducted in support of the historicity of the patriarchs and their cultural background in the second millennium BC which can no longer be sustained. Sometimes, however, the value of such evidence is ignored or belittled. -- from the preface
Geotechnical engineers are at work worldwide, contributing to sustainable living and to the creation of safe, economic and pleasant spaces to live, work and relax. With increased pressure on space and resources, particularly in cities, their expertise becomes ever more important. This book presents the proceedings of the 5th iYGEC, International Young Geotechnical Engineers' Conference, held at Marne-la-Vallée, France, from 31 August to 1 September 2013. It is also the second volume in the series Advances in Soil Mechanics and Geotechnical Engineering. The papers included here cover topics such as laboratory and field testing, geology and groundwater, earthworks, soil behavior, constitutive modeling, ground improvement, earthquake, retaining structures, foundations, slope stability, tunnels and observational methods. The iYGEC conference series brings together students and young people at the start of their career in the geotechnical professions to share their experience, and this book will be of interest to all those whose work involves soil mechanics and geotechnical engineering. The cover shows Dieppe harbour breakwater project, Louis-Alexandre de Cessart, 1776-1777. © École Nationale des Ponts et Chaussées.
Abstract: Decomposing China's real export growth, of over 500 percent since 1992, reveals a number of interesting findings. First, China's export structure changed dramatically, with growing export shares in electronics and machinery and a decline in agriculture and apparel. Second, despite the shift into these more sophisticated products, the skill content of China's manufacturing exports remained unchanged, once processing trade is excluded. Third, export growth was accompanied by increasing specialization and was mainly accounted for by high export growth of existing products (the intensive margin) rather than in new varieties (the extensive margin). Fourth, consistent with an increased world supply of existing varieties, China's export prices to the United States fell by an average of 1.5 percent per year between 1997 and 2005, while export prices of these products from the rest of the world to the United States increased by 0.4 percent annually over the same period.