Global imbalances: Strategic prospects for the US and the world
McKinnon, R., Schnabl, G. (2008): China’s fi nancial conundrum and global imbalances, URL: http://www.ccer.edu.cn/download/9506-1.pdf Palley, T. (2005): Th e China currency problem, June 2005, URL: http://www.thomaspalley.com/ docs/research/ChinaCurrencyProblem_Keidel.pdf Prasad, E., Wei, S.J. (2005): Th e Chinese approach to capital infl ows, International Monetary Fund Research Department, Washington, D.C. State Administration of Foreign Exchange (SAFE) (several years): Annual report, Beijing. Stiglitz, J.E. (2006): Making Globalisation Work, New York: Norton. Summers, L.H. (2004): Th e U.S. current account defi cit and the global economy, International Monetary Fund Multimedia Service Division, Washington D.C. World Fact Book (2008), Washington, D.C. Zhang, M., Xu, Y. (2008): Estimation of hot money in China, Research Centre for International Finance Working Paper, No. 0814.
Global imbalances and the Chinese balance of payments
Editorial . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3ForumInterview with Charles A.E. Goodhart. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5Gerd Grozinger:Achtung Lebensgefahr! Indirekte Eﬀ ekte regionaler Arbeitslosigkeit auf Lebensweise und -qualitat . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12Special Forum on »Global imbalances«Sebastian Dullien:Divergences in EMU: Scope of the problem and policy options . . . . . . . . . 24Dorothee Bohle:East European capitalism – What went wrong?. . . . . . . . . . . . . . . . . . . . . . 32Hansjorg Herr:Global imbalances and the Chinese balance of payments . . . . . . . . . . . . . . 44Dimitri B. Papadimitriou:Global imbalances: Strategic prospects for the US and the world . . . . . . . . 53Articles | ArtikelSpecial Issue on »Inﬂ ation targeting: Is there a credible alternative?«Editorial to the Special Issue. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 61
Formation and Strength of Magnesia Whiskers
The formation of single-crystal magnesia whiskers during the compressive deformation of single crystals at room temperatures is described. These whiskers can have strengths of the order of millions of pounds per square inch. They are formed during fracture as a result of the discontinuous propagation of cracks which are mechanically relieving internal stresses resulting from plastic flow