A magnetic tunnel junction consists of two ferromagnetic conducting electrodes separated by an insulating thin layer. The performance of such a system strikingly depends on the last conducting atomic layers in contact with the insulator. Consequently, the present paper reports a nanoscale...

This paper analyses the interconnectedness between developing countries' domestic wage levels and their exchange rate choices. The theoretical model illustrates that differences in domestic wage levels are related to countries' exchange rate regimes. In particular, the level of domestic wages...

This paper investigates the formalisation that in a small open economy flexible exchange rates act as a 'shock absorber' and mitigate the effects of external shocks more effectively. An intertemporal small open economy model with nominal rigidities, in which real shocks generate internal...