The paper analyses the role of fiscal and monetary policy for development current account imbalances in euro area, including most recent developments during coronavirus crisis. Several financial transmission channels such as international bank lending, changes TARGET2 balances, rescue credit government bond purchases area central banks are identified. It is found that differing stances which ha...

ConceptualizationReflectiveObservationActiveExperimentationAccommodatingDiverging ConvergingAssimilating

Experiments show that particles smaller than the throat size of converging-diverging microchannels can sometimes be trapped near the throat. This critical phenomenon is associated with the negative dc dielectrophoresis arising from nonuniform electric fields in the microchannels. A finite-element model, accounting for the particle-fluid-electric field interactions, is employed to investigate th...

The diverging and converging components of localized wave solutions are studied within the framework of both the Whittaker and Weyl plane wave expansions. The specific example of the splash pulse is considered because its evanescent components could be derived in an explicit closed form. It is shown that, in the Weyl picture, the evanescent fields associated with the diverging and converging co...