International Stock Market Efficiency: A Non-Bayesian Time-Varying Model Approach

This paper develops a non-Bayesian methodology to analyze the time-varying structure of international linkages and market efficiency in G7 countries. We consider a non-Bayesian time-varying vector autoregressive (TV-VAR) model, and apply it to estimate the joint degree of market efficiency in the sense of Fama (1970, 1991). Our empirical results provide a new perspective that the international linkages and market efficiency change over time and that their behaviors correspond well to historical events of the international financial system.Comment: 21 pages, 2 tables, 6 figure

Optimization of the Ballistic Guide Design for the SNS FNPB 8.9 A Neutron Line

The optimization of the ballistic guide design for the SNS Fundamental Neutron Physics Beamline 8.9 A line is described. With a careful tuning of the shape of the curve for the tapered section and the width of the straight section, this optimization resulted in more than 75% increase in the neutron flux exiting the 33 m long guide over a straight m=3.5 guide with the same length.Comment: 21 pages, 13 figures; added a paragraph on existing ballistic guides to respond to referee comments; accepted for publication in Nuclear Inst. and Methods in Physics Research,

Continuous vacua in bilinear soliton equations

We discuss the freedom in the background field (vacuum) on top of which the solitons are built. If the Hirota bilinear form of a soliton equation is given by A(D_{\vec x})\bd GF=0,\, B(D_{\vec x})(\bd FF - \bd GG)=0 where both $A$ and $B$ are even polynomials in their variables, then there can be a continuum of vacua, parametrized by a vacuum angle $\phi$. The ramifications of this freedom on the construction of one- and two-soliton solutions are discussed. We find, e.g., that once the angle $\phi$ is fixed and we choose $u=\arctan G/F$ as the physical quantity, then there are four different solitons (or kinks) connecting the vacuum angles $\pm\phi$, $\pm\phi\pm\Pi2$ (defined modulo $\pi$). The most interesting result is the existence of a ``ghost'' soliton; it goes over to the vacuum in isolation, but interacts with ``normal'' solitons by giving them a finite phase shift.Comment: 9 pages in Latex + 3 figures (not included

Variable coordination of amine functionalised N-heterocyclic carbene ligands to Ru, Rh and Rr: C-H and N-H activation and catalytic transfer hydrogenation

Chelating amine and amido complexes of late transition metals are highly valuable bifunctional catalysts in organic synthesis, but complexes of bidentate amine–NHC and amido–NHC ligands are scarce. Hence, we report the reactions of a secondary-amine functionalised imidazolium salt 2a and a primary-amine functionalised imidazolium salt 2b with [( p -cymene)RuCl 2 ] 2 and [Cp*MCl 2 ] 2 (M = Rh, Ir). Treating 2a with [Cp*MCl 2 ] 2 and NaOAc gave the cyclometallated compounds Cp*M(C,C)I (M = Rh, 3 ;M = Ir, 4 ), resulting from aromatic C–H activation. In contrast, treating 2b with [( p -cymene)RuCl 2 ] 2 ,Ag 2 O and KI gave the amine–NHC complex [( p -cymene)Ru(C,NH 2 )I]I ( 5 ). The reaction of 2b with [Cp*MCl 2 ] 2 (M = Rh, Ir), NaO t Bu and KI gave the amine–NHC complex [Cp*Rh(NH 2 )I]I ( 6 ) or the amido–NHC complex Cp*Ir(C,NH)I ( 7 ); both protonation states of the Ir complex could be accessed: treating 7 with trifluoroacetic acid gave the amine–NHC complex [Cp*Ir(C,NH 2 )I][CF 3 CO 2 ]( 8 ). These are the first primary amine– or amido–NHC complexes of Rh and Ir. Solid-state structures of the complexes 3–8 have been determined by single crystal X-ray diffraction. Complexes 5 , 6 and 7 are pre-catalysts for the catalytic transfer hydrogenation of acetophenone to 1-phenylethanol, with ruthenium complex 5 demonstrating especially high reactivity

Anomalous Superconducting-Gap Structure of Slightly Overdoped Ba(Fe1−x_{1-x}Cox_{x})2_{2}As2_{2}

We observed the anisotropic superconducting-gap (SC-gap) structure of a slightly overdoped superconductor, Ba(Fe$_{1-x}$Co$_{x}$)$_{2}$As$_{2}$ ($x=0.1$), using three-dimensional (3D) angle-resolved photoemission spectroscopy. Two hole Fermi surfaces (FSs) observed at the Brillouin zone center and an inner electron FS at the zone corner showed a nearly isotropic SC gap in 3D momentum space. However, the outer electron FS showed an anisotropic SC gap with nodes or gap minima around the M and A points. The different anisotropies obtained the SC gap between the outer and inner electron FSs cannot be expected from all theoretical predictions with spin fluctuation, orbital fluctuation, and both competition. Our results provide a new insight into the SC mechanisms of iron pnictide superconductors.Comment: 11 pages, 4 figure

Short-time Critical Dynamics of the 3-Dimensional Ising Model

Comprehensive Monte Carlo simulations of the short-time dynamic behaviour are reported for the three-dimensional Ising model at criticality. Besides the exponent $\theta$ of the critical initial increase and the dynamic exponent $z$, the static critical exponents $\nu$ and $\beta$ as well as the critical temperature are determined from the power-law scaling behaviour of observables at the beginning of the time evolution. States of very high temperature as well as of zero temperature are used as initial states for the simulations.Comment: 8 pages with 7 figure