Recap of the 28th Annual Conference on Pacific Basin Finance, Economics, Accounting, and Management & the 14th NCTU International Finance Conference

The 28th Annual Conference on Pacific Basin Finance, Economics, Accounting, and Management was held at National Chiao Tung University, Taiwan on January 7 and 8, 2021. The first conference was held at Rutgers University in 1993. Since then, the conference has been held in Hong Kong (1994, 1998), Taipei (1995, 1999. 2003, 2006, 2011, 2016, 2019), Bangkok (2000, 2004, 2009), Rutgers (1996, 2001, 2005, 2012, 2018), Singapore (1997, 2002, 2017), Vietnam (2007, 2015), Australia (2008, 2013), China (2010), and Japan (2014). The program co-directors of the conference were Cheng-Few Lee, Rutgers University, USA, and Woan-lih Liang, National Chiao Tung University, Taiwan.

Major processes of the dissolved cobalt cycle in the North and equatorial Pacific Ocean

Over the past decade, the GEOTRACES and wider trace metal geochemical community have made substantial contributions towards constraining the marine cobalt (Co) cycle and its major biogeochemical processes. However, few Co speciation studies have been conducted in the North and equatorial Pacific Ocean, a vast portion of the world’s oceans by volume and an important endmember of deep thermohaline circulation. Dissolved Co (dCo) samples, including total dissolved and labile Co, were measured at-sea during the GEOTRACES Pacific meridional transect (GP15) along the 152° W longitudinal from 56° N to 20° S. Along this transect, upper ocean dCo was linearly correlated to dissolved phosphate (slope = 82 ± 2 µM:M) due to phytoplankton uptake and remineralization. As depth increased, dCo concentrations became increasingly decoupled from phosphate concentrations due to co-scavenging with manganese oxide particles in the mesopelagic. The transect revealed an organically-bound coastal source of dCo to the Alaskan Stream associated with low salinity waters. An intermediate-depth hydrothermal flux of dCo was observed off the Hawaiian coast at the Loihi Seamount, and the elevated dCo was correlated to estimated xs3He at and above the vent site; however, the Loihi Seamount likely did not represent a major source of Co to the Pacific basin. Elevated concentrations of dCo within oxygen minimum zones (OMZs) in the equatorial North and South Pacific were consistent with the suppression of oxidative scavenging, and we estimate that future deoxygenation could increase the OMZ dCo inventory by 13–28 % over the next century. In North Pacific Deep Water (NPDW), a fraction of elevated ligand-bound dCo appeared protected from scavenging by the high biogenic particle flux in the North Pacific basin. This finding is counter to previous expectations of low dCo concentrations in the deep Pacific due to scavenging over thermohaline circulation. Compared to a Co global biogeochemical model, the observed transect displayed more extreme inventories and fluxes of dCo than predicted by the model, suggesting a highly dynamic Pacific Co cycle.

Geophysical Studies in the Southwest Pacific : Primarily Studies of Crustal Structure between New Zealand and Antarctica

<p>Geophysical data - primarily magnetic field measurements, bathymetry, and seismicity data - are presented for the area between New Zealand and Antarctica from approximately 145[degrees]W to 155[degrees]E. The data are used to determine the structure of the Pacific-Antarctic boundary, the oceanic part of the Pacific plate and the area of intersection of the Indian, Pacific and Antarctic plates. In the southwest Pacific basin the magnetic anomalies are very clear and an extensive pattern of anomaly lineations with some offsets is mapped. The magnetic anomalies show that the uniform Pacific basin area formed between about 83 and 63 mybp. The Pacific-Antarctic boundary is shown to differ either side of about 175[degrees]W. To the east it is a relatively uniform aseismic spreading ridge, offset by some transform faults. West of 175[degrees]W, to 161[degrees]E, the boundary consists of a seismically active zone of disturbed bathymetry and magnetic anomalies striking about N.70[degrees]W. The zone, the Pacific-Antarctic fracture zone, probably consists of several fractures striking about N45[degrees]W. The area between the Pacific-Antarctic boundary and the southwest Pacific basin represents the interval 10 to -55 mybp, and only in the east are anomaly lineations clear. The Indian-Antarctic Pacific triple junction is near 61.5[degrees]S, 161[degrees]E and is a stable ridge-fault-fault junction; the Indian-Antarctic boundary being the ridge. Plate tectonics is applied to the area and the structure is shown to fit, and be explained by a different rotation pole for each of the major intervals indicated by the structure, i.e. 0-10 mybp, 10-63 mybp and 63-80 mybp. The poles, with rotation rates deduced from the magnetic anomalies, are used to reconstruct the position of New Zealand relative to Antarctica at 80 mybp. The two continents probably started to separate at close to 83 mybp. The times of the major changes of structure and plate movement in the area are shown to coincide with major plate movement changes in the southwest Pacific area and in the rest of the world. A new method for determining poles of rotation, based only on epicentre locations is presented, The method is applied to independently determine the Indian-Pacific, Pacific-Antarctic and Indian-Antarctic poles. The poles should form a consistent. set and they do. The method yields effectively instantaneous poles, is quantitative, and is applicable to most plate boundaries. Earthquake magnitude-frequency relationship b values for the plate boundaries in the area are determined. Comparisons with results from elsewhere indicate an association of high b with high temperature and conversely. Several factors which have previously been suggested as determining b value are shown to not be determinants. A revised and extended magnetic reversal time scale based on model studies of the southwest Pacific basin anomalies is presented. Other model studies indicate that a magnetized layer thickness of at least 2 km is probable. Variations of anomaly amplitudes are studied. A detailed study of the application of numerical correlation techniques to magnetic anomalies is presented. It is concluded that horizontal scale variations and discontinuities in profiles can be critical. Methods for over-coming some of the problems, and for determining quantitative error estimates, are. given. The methods, and conclusions, are applicable to any correlation problem.</p>

Geophysical Studies in the Southwest Pacific : Primarily Studies of Crustal Structure between New Zealand and Antarctica

<p>Geophysical data - primarily magnetic field measurements, bathymetry, and seismicity data - are presented for the area between New Zealand and Antarctica from approximately 145[degrees]W to 155[degrees]E. The data are used to determine the structure of the Pacific-Antarctic boundary, the oceanic part of the Pacific plate and the area of intersection of the Indian, Pacific and Antarctic plates. In the southwest Pacific basin the magnetic anomalies are very clear and an extensive pattern of anomaly lineations with some offsets is mapped. The magnetic anomalies show that the uniform Pacific basin area formed between about 83 and 63 mybp. The Pacific-Antarctic boundary is shown to differ either side of about 175[degrees]W. To the east it is a relatively uniform aseismic spreading ridge, offset by some transform faults. West of 175[degrees]W, to 161[degrees]E, the boundary consists of a seismically active zone of disturbed bathymetry and magnetic anomalies striking about N.70[degrees]W. The zone, the Pacific-Antarctic fracture zone, probably consists of several fractures striking about N45[degrees]W. The area between the Pacific-Antarctic boundary and the southwest Pacific basin represents the interval 10 to -55 mybp, and only in the east are anomaly lineations clear. The Indian-Antarctic Pacific triple junction is near 61.5[degrees]S, 161[degrees]E and is a stable ridge-fault-fault junction; the Indian-Antarctic boundary being the ridge. Plate tectonics is applied to the area and the structure is shown to fit, and be explained by a different rotation pole for each of the major intervals indicated by the structure, i.e. 0-10 mybp, 10-63 mybp and 63-80 mybp. The poles, with rotation rates deduced from the magnetic anomalies, are used to reconstruct the position of New Zealand relative to Antarctica at 80 mybp. The two continents probably started to separate at close to 83 mybp. The times of the major changes of structure and plate movement in the area are shown to coincide with major plate movement changes in the southwest Pacific area and in the rest of the world. A new method for determining poles of rotation, based only on epicentre locations is presented, The method is applied to independently determine the Indian-Pacific, Pacific-Antarctic and Indian-Antarctic poles. The poles should form a consistent. set and they do. The method yields effectively instantaneous poles, is quantitative, and is applicable to most plate boundaries. Earthquake magnitude-frequency relationship b values for the plate boundaries in the area are determined. Comparisons with results from elsewhere indicate an association of high b with high temperature and conversely. Several factors which have previously been suggested as determining b value are shown to not be determinants. A revised and extended magnetic reversal time scale based on model studies of the southwest Pacific basin anomalies is presented. Other model studies indicate that a magnetized layer thickness of at least 2 km is probable. Variations of anomaly amplitudes are studied. A detailed study of the application of numerical correlation techniques to magnetic anomalies is presented. It is concluded that horizontal scale variations and discontinuities in profiles can be critical. Methods for over-coming some of the problems, and for determining quantitative error estimates, are. given. The methods, and conclusions, are applicable to any correlation problem.</p>

Abyssal Heat Budget in the Southwest Pacific Basin

The abyssal Southwest Pacific Basin has warmed significantly between 1992-2017, consistent with warming along the bottom limb of the meridional overturning circulation seen throughout the global oceans. Here we present a framework for assessing the abyssal heat budget that includes the time-dependent unsteady effects of decadal warming and direct and indirect estimates of diapycnal mixing from microscale temperature measurements and finescale parameterizations. The unsteady terms estimated from the decadalwarming rate are shown to be within a factor of 3 of the steady state terms in the abyssal heat budget for the coldest portion of the water column and therefore, cannot be ignored. We show that a reduction in the lateral heat flux for the coldest temperature classes compensated by an increase in warmer waters advected into the basin has important implications for the heat balance and diffusive heat fluxes in the basin. Finally, vertical diffusive heat fluxes are estimated in different ways: using the newly available CTD-mounted microscale temperature measurements, a finescale strain parameterization, and a vertical kinetic energy parameterization from data along the P06 transect along 32.5°S. The unsteady-state abyssal heat budget for the basin shows closure within error estimates, demonstrating that (i) unsteady terms have become consequential for the heat balance in the isotherms closest to the ocean bottom and (ii) direct and indirect estimates from full depth GO-SHIP hydrographic transects averaged over similarly large spatial and temporal scales can capture the basin-averaged abyssal mixing needed to close the deep overturning circulation.