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Global Equilibrium Exchange Rates
This paper presents a methodology for calculating bilateral equilibrium exchange rates for a panel of currencies in a way that guarantees global consistency. The methodology has three parts: a theoretical model that encompasses the balance of payments and the Balassa-Samuelson approaches to real exchange rate determination; an unobserved components decomposition in a cointegration framework that identifies a time-varying equilibrium real exchange rate; and an algebraic transformation that extracts bilateral equilibrium nominal rates. The results uncover that, by the start of Stage III of the European Economic and Monetary Union (EMU), the euro was significantly undervalued against the dollar and the pound, but overvalued against the yen. The paper also shows that the four major EMU currencies locked their parities with the euro at a rate close to equilibrium.
The External Wealth of Nations
Capital flows are closely monitored, but surprisingly little is known about the stocks of external assets and liabilities held by countries, especially in the developing world. This paper constructs estimates of foreign assets and liabilities and their equity and debt subcomponents for 66 industrial and developing countries for the period 1970-97. It explores the sensitivity of estimates of stock positions to the treatment of valuation effects not captured in balance of payments data. Finally, it characterizes the stylized facts of estimated stocks and asks whether there are trends in net foreign asset positions and differences in debt-equity ratios across countries.
The Principles of Experimental Research
The need to understand how to design & set up an investigative experiment is nearly universal to all students in engineering, applied technology & science, as well as many of the social sciences. This book offers an introduction to the useful tools needed, including an understanding of logical processes, how to use measurement, & more.
Handbook of Poultry Science and Technology, Secondary Processing
A comprehensive reference for the poultry industry—Volume 2 describes poultry processing from raw meat to final retail products With an unparalleled level of coverage, the Handbook of Poultry Science and Technology provides an up-to-date and comprehensive reference on poultry processing. Volume 2: Secondary Processing covers processing poultry from raw meat to uncooked, cooked or semi-cooked retail products. It includes the scientific, technical, and engineering principles of poultry processing, methods and product categories, product manufacturing and attributes, and sanitation and safety. Volume 2: Secondary Processing is divided into seven parts: Secondary processing of poultry products...
Process Intensification
Process Intensification is a comprehensive textbook and treats the theory of process intensification design, and all innovation steps from idea generation to commercial implementation, and all focused on contributing to the UN Sustainable Development Goals. This book covers the ‘hard’ elements of design, modelling, and experimental validations and the ‘soft’ elements, values of engineers, interests of stakeholders and beliefs of society.
Handbook of Environmental Psychology and Quality of Life Research
This Handbook presents a broad overview of the current research carried out in environmental psychology which puts into perspective quality of life and relationships with living spaces, and shows how this original analytical framework can be used to understand different environmental and societal issues. Adopting an original approach, this Handbook focuses on the links with other specialties in psychology, especially social and health psychology, together with other disciplines such as geography, architecture, sociology, anthropology, urbanism and engineering. Faced with the problems of society which involve the quality of life of individuals and communities, it is fundamental to consider th...
Graphic Imprints
This is the Proceedings of the International Congress of Graphic Design in Architecture, EGA 2018, held in Alicante, Spain, May 30-June 1, 2018. About 200 professionals and researchers from 18 different countries attended the Congress. This book will be of interest to researchers in the field of architecture and Engineering. Topics discussed are Innovations in Architecture, graphic design and architecture, history and heritage among others.
Behavior and Personality
In this capstone work, Arthur Staats synthesizes more than four decades of research, theory, and study into a new generation of behaviorism that offers insights and future directions for researchers, professionals, and students. Staats's unified theory of psychological behaviorism builds on current theories in child development, personality, psychological measurement, and abnormal behavior. His theoretical model provides new ways to consider human behavior as a whole that will have implications for research, theory, and practice.
