He was seated / Among his equals; and a holiday / With its accompanyings — loud laughs, and jests, / And boisterous mirth — sped merrily […]

A late-afternoon wine-and-cheese offering is served on a beautiful midfloor dining area spilling onto an outdoor terrace […]

𝛥G=𝛥H-T𝛥S and G=H-TS where G is Gibbs free energy, H is enthalpy, T is temperature, and S is entropy.

While testing the stability of the exchange rate regime in the market is clearly important in the lead-up to adopting the euro, such a test is certainly possible in the context of a CBA: the current account position, the level of reserves, monetary aggregates, growth performance, and interest rates provide clear indications of whether exchange rates are at appropriate levels.