Costs and Benefits to Phasing out Paper Currency

Clinical Governance: Costs and Benefits

Membraneless organelles: Phasing in and out.

news & views librational modes) and thus changing how the sub-surface vibration couples with the surroundings. Common methods of optimizing the water-photolysis reaction conditions involve altering both the underlying semiconductor (through doping) and the electrolyte composition. This new vibrational mode could help to better understand the process on the molecular level, rather than relying o...

Phasing-Out of Paper Based Cheques in the UK Will Benefit Financial Institutions, Individuals and Businesses

Paper-based cheques have been in use for about 350 years. And it has been played a very important role in people’s lives (Barrow, 2009). While the use of paper based cheques is continue to decline in the world. In many countries, such as Netherlands and Sweden, people there have already stopped using paper based cheques, or there are only small amount of people using cheques. This trend also ex...

clinical governance: costs and benefits

Transaction Costs, Multiple Equilibria, and Currency Devaluation

This paper attempts to examine the effect of a currency devaluation on domestic output by incorporating the Coase (1937) assertion into a standard open economy model. Our results show that there will be multiple equilibria in the labor market, i.e. low or high employment equilibrium, because of transaction cost externalities. If the labor market is in the high-employment equilibrium, a currency...