Spatial noise correlations of a chain of ultracold fermions - A numerical study

We present a numerical study of noise correlations, i.e., density-density correlations in momentum space, in the extended fermionic Hubbard model in one dimension. In experiments with ultracold atoms, these noise correlations can be extracted from time-of-flight images of the expanding cloud. Using the density-matrix renormalization group method to investigate the Hubbard model at various fillings and interactions, we confirm that the shot noise contains full information on the correlations present in the system. We point out the importance of the sum rules fulfilled by the noise correlations and show that they yield nonsingular structures beyond the predictions of bosonization approaches. Noise correlations can thus serve as a universal probe of order and can be used to characterize the many-body states of cold atoms in optical lattices.Comment: 12 pages, 7 figure

Financing patterns : measurement concepts and empirical results

A widely recognized paper by Colin Mayer (1988) has led to a profound revision of academic thinking about financing patterns of corporations in different countries. Using flow-of-funds data instead of balance sheet data, Mayer and others who followed his lead found that internal financing is the dominant mode of financing in all countries, that financing patterns do not differ very much between countries and that those differences which still seem to exist are not at all consistent with the common conviction that financial systems can be classified as being either bank-based or capital market-based. This leads to a puzzle insofar as it calls into question the empirical foundation of the widely held belief that there is a correspondence between the financing patterns of corporations on the one side, and the structure of the financial sector and the prevailing corporate governance system in a given country on the other side. The present paper addresses this puzzle on a methodological and an empirical basis. It starts by comparing and analyzing various ways of measuring financial structure and financing patterns and by demonstrating that the surprising empirical results found by studies that relied on net flows are due to a hidden assumption. It then derives an alternative method of measuring financing patterns, which also uses flow-of-funds data, but avoids the questionable assumption. This measurement concept is then applied to patterns of corporate financing in Germany, Japan and the United States. The empirical results, which use an estimation technique for determining gross flows of funds in those cases in which empirical data are not available, are very much in line with the commonly held belief prior to Mayer’s influential contribution and indicate that the financial systems of the three countries do indeed differ from one another in a substantial way, and moreover in a way which is largely in line with the general view of the differences between the financial systems of the countries covered in the present paper

Structural change in the German banking system?

This paper starts out by pointing out the challenges and weaknesses which the German banking systems faces according to the prevailing views among national and international observers. These challenges include a generalproblem of profitability and, possibly as its main reason, the strong role of public banks. These concerns raise the questions whether the facts support this assessment of a general profitability problem and whether there are reasons to expect a fundamental or structural transformation of the German banking system. The paper contains four sections. The first one presents the evidence concerning the profitability problem in a comparative, international perspective. The second section presents information about the so-called three-pillar system of German banking. What might be surprising in this context is that the group of pub lic banks is not only the largest segment of the German banking system, but that the primary savings banks also are its financially most successful part. The German banking system is highly fragmented. This fact suggests to discuss past, present and possible future consolidations in the banking system in the third section. The authors provide evidence to the effect that within- group consolidation has been going on at a rapid pace in the public and the cooperative banking groups in recent years and that this development has not yet come to an end, while within-group consolidation among the large private banks, consolidation across group boundaries at a national level and cross-border or international consolidation has so far only happened at a limited scale, and do not appear to gain momentum in the near future. In the last section, the authors develop their explanation for the fact that large-scale and cross border consolidation has so far not materialized to any great extent. Drawing on the concept of complementarity, they argue that it would be difficult to expect these kinds of mergers and acquisitions happening within a financial system which is itself surprisingly stable, or, as one cal also call it, resistant to change

Financing Patterns: Measurement Concepts and Empirical Results

A widely recognized paper by Colin Mayer (1988) has led to a profound revision of academic thinking about financing patterns of corporations in different countries. Using flow-of-funds data instead of balance sheet data, Mayer and others who followed his lead found that internal financing is the dominant mode of financing in all countries, that therefore financial patterns do not differ very much between countries and that those differences which still seem to exist are not at all consistent with the common conviction that financial systems can be classified as being either bank-based or capital market-based. This leads to a puzzle insofar as it calls into question the empirical foundation of the widely held belief that there is a correspondence between the financing patterns of corporations on the one side, and the structure of the financial sector and the prevailing corporate governance system in a given country on the other side. The present paper addresses this puzzle on a methodological and an empirical basis. It starts by demonstrating that the surprising empirical results found by Mayer et al. are due to a hidden assumption underlying their methodology. It then derives an alternative method of measuring financing patterns, which also uses flow-of-funds data, but avoids the questionable assumption. This measurement concept is then applied to patterns of corporate financing in Germany, Japan and the United States. The empirical results are very much in line with the commonly held belief prior to Mayer’s influential contribution and indicate that the financial systems of the three countries do indeed differ from one another in a substantial way

Uniformly rotating axisymmetric fluid configurations bifurcating from highly flattened Maclaurin spheroids

We give a thorough investigation of sequences of uniformly rotating, homogeneous axisymmetric Newtonian equilibrium configurations that bifurcate from highly flattened Maclaurin spheroids. Each one of these sequences possesses a mass-shedding limit. Starting at this point, the sequences proceed towards the Maclaurin sequence and beyond. The first sequence leads to the well known Dyson rings, whereas the end points of the higher sequences are characterized by the formation of a two-body system, either a core-ring system (for the second, the fourth etc. sequence) or a two-ring system (for the third, the fifth etc. sequence). Although the general qualitative picture drawn by Eriguchi and Hachisu in the eighties has been confirmed, slight differences turned out in the interpretation of the origin of the first two-ring sequence and in the general appearance of fluid bodies belonging to higher sequences.Comment: 10 pages, 11 figures, 5 tables, submitted to MNRA

The Quark-Gluon Vertex in Landau gauge QCD

The coupled system of the quark-gluon vertex and quark propagator Dyson-Schwinger equations (DSEs) is investigated within Landau gauge QCD. The aim is to get a deeper insight into the mechanisms of quark confinement and dynamical chiral symmetry breaking and into a possible relation between these two phenomena. To this end an earlier study is extended by improving systematically on the truncations imposed on the quark-gluon vertex DSE. A clear infrared enhancement for all tensor structures of the quark-gluon vertex is obtained.Comment: 8 pages, Confinement X proceeding

Model Order Selection in DoA Scenarios via Cross-Entropy based Machine Learning Techniques

In this paper, we present a machine learning approach for estimating the number of incident wavefronts in a direction of arrival scenario. In contrast to previous works, a multilayer neural network with a cross-entropy objective is trained. Furthermore, we investigate an online training procedure that allows an adaption of the neural network to imperfections of an antenna array without explicitly calibrating the array manifold. We show via simulations that the proposed method outperforms classical model order selection schemes based on information criteria in terms of accuracy, especially for a small number of snapshots and at low signal-to-noise-ratios. Also, the online training procedure enables the neural network to adapt with only a few online training samples, if initialized by offline training on artificial data