wet electrode–electrolyte interface, the Warburg
impedance 3
¯
occurs, which is caused by a water film act-
ing as diffusion barrier for the gas deposition. To avoid
6 8 10 12 14 16
-2.5
-2 [...] membrane, electrode and gas phase, the above
mentioned diffusion impedance occurs, because a thin wa-
ter film hinders the access of hydrogen and oxygen to the
electrocatalyst. At a dry interface, a low-frequency
Bulgarian only)
Georgi Choukalev
DP/25/2002 Money and Monetary Obligations: Nature, Stipulation, Fulfilment
Stanislav Natzev, Nachko Staykov, Filko Rosov
DP/26/2002 Regarding the Unilateral Euroization
period (the 23rd of each month). However, this is not
due to any causal relationship between the fulfilment of reserve requirements and Treasury activities: by
mere coincidence, the Italian Government collects [...] performs best,
i.e. that the ECB cared both about accumulated imbalances with regard to the banks� fulfilment of
the reserve requirement and about autonomous factor forecasts (MP1 and MP5). For 1999 the
best [...] the ECB had the tendency to provide
systematically more liquidity than strictly required for the fulfilment of reserve
requirements (and excess reserves), implying a larger average use of the deposit facility