The role of financial intermediaries in U.S. capital markets

Capital market ; Financial institutions

Reversibility Checking for Markov Chains

In this paper, we present reversibility preserving operations on Markov chain transition matrices. Simple row and column operations allow us to create new reversible transition matrices and yield an easy method for checking a Markov chain for reversibility

Charge Order Superstructure with Integer Iron Valence in Fe2OBO3

Solution-grown single crystals of Fe2OBO3 were characterized by specific heat, Mossbauer spectroscopy, and x-ray diffraction. A peak in the specific heat at 340 K indicates the onset of charge order. Evidence for a doubling of the unit cell at low temperature is presented. Combining structural refinement of diffraction data and Mossbauer spectra, domains with diagonal charge order are established. Bond-valence-sum analysis indicates integer valence states of the Fe ions in the charge ordered phase, suggesting Fe2OBO3 is the clearest example of ionic charge order so far.Comment: 4 pages, 5 figures. Fig. 3 is available in higher resolution from the authors. PRL in prin

Coupling of the lattice and superlattice deformations and hysteresis in thermal expansion for the quasi one-dimensional conductor TaS3_3

An original interferometer-based setup for measurements of length of needle-like samples is developed, and thermal expansion of o-TaS$_3$ crystals is studied. Below the Peierls transition the temperature hysteresis of length $L$ is observed, the width of the hysteresis loop $\delta L/L$ being up to $5 \cdot 10^{-5}$. The behavior of the loop is anomalous: the length changes so that it is in front of its equilibrium value. The hysteresis loop couples with that of conductivity. The sign and the value of the length hysteresis are consistent with the strain dependence of the charge-density waves (CDW) wave vector. With lowering temperature down to 100 K the CDW elastic modulus grows achieving a value comparable with the lattice Young modulus. Our results could be helpful in consideration of different systems with intrinsic superstructures.Comment: 4 pages, 3 figures. Phys. Rev. Lett., accepted for publicatio

Symmetry and dimension of the magnon dispersion of inorganic spin-Peierls systems

The data on the dispersion of the magnetic excitations of CuGeO_3 in the spin-Peierls dimerized phase are analyzed. On the basis of the lattice structure it is shown that even along the chains the $d=2$ character cannot be neglected. The symmetry of the dispersion differs from the one assumed so far. The magnetic resonance data is reinterpreted. The possibility of interchain rather than intrachain frustration is discussed.Comment: 4 pages, Revtex, to appear in PR

Estimates of the total gravitation radiation in the head-on black hole collision

We report on calculations of the total gravitational energy radiated in the head-on black hole collision, where we use the geometry of the Robinson-Trautman metrics.Comment: 10 pages, 2 figures, LaTeX2

Curvature tensors on distorted Killing horizons and their algebraic classification

We consider generic static spacetimes with Killing horizons and study properties of curvature tensors in the horizon limit. It is determined that the Weyl, Ricci, Riemann and Einstein tensors are algebraically special and mutually aligned on the horizon. It is also pointed out that results obtained in the tetrad adjusted to a static observer in general differ from those obtained in a free-falling frame. This is connected to the fact that a static observer becomes null on the horizon. It is also shown that finiteness of the Kretschmann scalar on the horizon is compatible with the divergence of the Weyl component $\Psi_{3}$ or $\Psi_{4}$ in the freely falling frame. Furthermore finiteness of $\Psi_{4}$ is compatible with divergence of curvature invariants constructed from second derivatives of the Riemann tensor. We call the objects with finite Krestschmann scalar but infinite $\Psi_{4}$ ``truly naked black holes''. In the (ultra)extremal versions of these objects the structure of the Einstein tensor on the horizon changes due to extra terms as compared to the usual horizons, the null energy condition being violated at some portions of the horizon surface. The demand to rule out such divergencies leads to the constancy of the factor that governs the leading term in the asymptotics of the lapse function and in this sense represents a formal analog of the zeroth law of mechanics of non-extremal black holes. In doing so, all extra terms in the Einstein tensor automatically vanish.Comment: 21 pages, To appear in Class. Quant. Gra

Submillimeter Wave ESR Study of Spin Gap Excitations in CuGeO3

Transitions between the ground singlet state to the excited triplet state has been observed in CuGeO3 by means of submillimeter wave electron spin resonance. The strong absorption intensity shows the break down of the selection rule. The energy gap at zero field is evaluated to be 570 GHz(2.36 meV) and this value is nearly identical to the gap at the zone center observed by inelastic neutron scattering. The absorption intensity shows strong field orientation dependence but shows no significant dependence on magnetic field intensity. These features have been explained by considering the existence of Dzyaloshinsky-Moriya (DM) antisymmetric exchange interaction. The doping effect on this singlet-triplet excitation has been also studied. A drastic broadening of the absorption line is observed by the doping of only 0.5 % of Si.Comment: 6 pages, 8figures submitted to J. Phys. Soc. Jp

Dynamics in the dimerised and high field incommensurate phase of CuGeO3_3

Temperature ($2.3<T<40$\ K) and magnetic field ($0<B<17$\ T) dependent far infrared absorption spectroscopy on the spin-Peierls coumpound CuGeO$_3$\ has revealed several new absorption processes in both the dimerised and high field phase of CuGeO$_3$. These results are discussed in terms of the modulation of the CuGeO$_3$\ structure. At low fields this is the well known spin-Peierls dimerisation. At high fields the data strongly suggests a field dependent incommensurate modulation of the lattice as well as of the spin structure.Comment: 12 pages (revtex), 2 figures (eps), csh selfextracting .uu file, To appear in PRB-Rapid Com