No abstract

The paper documents the use of foreign exchange intervention (FXI) across countries and monetary regimes, with special attention to its use under inflation targeting (IT). We find significant differences between advanced and emerging market economies, with the former group conducting FXI limitedly and broadly symmetrically, while the use of this policy instrument in emerging market countries is pervasive and mostly asymmetric (biased towards purchasing foreign currency, even after taking into account precautionary motives). Within emerging markets, the use of FXI is common both under IT and non-IT regimes. We find no evidence of FXI being used in response to inflation developments, while there is strong evidence that FXI responds to exchange rates, indicating that IT central banks in EMDEs have dual inflation/exchange rate objectives. We also find a higher propensity to overshoot inflation targets in emerging market economies where FXI is more pervasive.

No abstract

Compressive sensing (CS) is a signal sampling theory that originated about 16 years ago. It replaces expensive and complex receiving devices with well-designed signal recovery algorithms, thus simplifying the imaging system. Based on the application of CS theory, a single-pixel camera with an array-detection imaging system is established for high-pixel detection. Each detector of the detector array is coupled with a bundle of fibers formed by fusion of four bundles of fibers of different lengths, so that the target area corresponding to one detector is split into four groups of target information arriving at different times. By comparing the total amount of information received by the detector with the threshold set in advance, it can be determined whether the four groups of information are calculated separately. The simulation results show that this new system can not only reduce the number of measurements required to reconstruct high quality images but can also handle situations wherever the target may appear in the field of view without necessitating an increase in the number of detectors.