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Schreiber meltability tests were performed on glass Petri dishes, with and without the Petri dish cover placed over the cheese samples, at 100, 150, and 232°C. Meltability of different process cheese and Cheddar cheese samples was determined based on the melt spread distance and area. At the test temperature of 232°C, the covered Schreiber was significantly superior to the uncovered test because of no crust formation, no browning, and a circular melting pattern, which were attributed to the barrier effect of covering the cheese samples (which inhibits moisture loss during the test). The covered Schreiber test data were statistically more robust as measured by the lower average coefficient of variation than the data from the traditional uncovered Schreiber test. [ABSTRACT FROM AUTHOR]

Global imbalances pose a serious question for academia and policy makers related to its formation, sustainability and correction. In this paper we analyze the required adjustments of exchange rates for rebalancing in current accounts. We set up a two-country two-sector model for the US-China with two asymmetries. First, we assume that the size of China initially is one third of the US but its size becomes half in the next 10 years. Second, we assume that China initially runs a net export surplus. Then we quantitatively study two adjustment scenarios. First scenario, called Slow Adjustment, assumes that in the process of growth, Chinese demand composition moves more towards domestic non-tradable sector. In this case, Chinese real exchange rate appreciates gradually and net export surplus decreases slowly. Second scenario, called Quick Adjustment, assumes that net export surplus against US goes to zero quickly in five years. In this case, net export adjustment happens quickly and real exchange rates in China appreciate at a higher rate. Even though, global imbalances are eliminated faster in the Quick Adjustment case, high real appreciation in China hurts importers in the US. A comparison in terms of output shows that Slow Adjustments is preferred for both countries. [ABSTRACT FROM AUTHOR]