NOAA technical memorandum NMFS NOAA-TM-NMFS-SWFSC ; 625

In this paper, we explore the link between stress in the domestic financial sector and the capital flight faced by countries in the 2008-9 global crisis. Both the timing of emergence of internal financial stress in developing economies, and the size of the peak-trough declines in the stock price indices was comparable to that in high income countries, indicating that there was no decoupling, even before Lehman Brothers’ demise. Deleveraging of OECD positions seemed to...

This paper examines the effectiveness of international capital controls in India over time by analyzing daily return differentials in the non-deliverable forward (NDF) markets using the self-exciting threshold autoregressive (SETAR) methodology. We begin with a detailed narrative on the evolution of capital controls in India and calculate deviations from covered interest parity utilizing data from the 3-month offshore non-deliverable rupee forward market. We estimate a no-arbitrage band using SETAR where boundaries are determined by transactions...

Deborah Gould is an Associate Professor of Sociology at the University of California, Santa Cruz (and Affiliated Faculty in Feminist Studies, History of Consciousness, and Politics). Her book Moving Politics: Emotion and ACT UP's Fight Against AIDS (University of Chicago Press, 2009) won the Distinguished Contribution to Scholarship Best Book Award from the American Sociological Association's Political Sociology Section (2010) and the Ruth Benedict Book Prize from the American Anthropological Association (2010). She is currently...

Microbial mediation is considered an important process for the formation of primary dolomite at ambient temperature. Yet, no structural, mineralogical, chemical or isotopic means exist to discern this mode of dolomite formation from secondary dolomite. To explore the utility of metal isotopes in allowing this distinction we characterize magnesium and calcium stable isotope ratios in primary (proto)dolomites from a modern hypersaline environment. Samples from the Khor Al-Adaid sabkhas in Qatar show consistent isotopic differences of...

NOAA technical memorandum NMFS NOAA-TM-NMFS-SWFSC ; 626