Investor attention and FX market volatility

We study the relationship between investors’ active attention, measured by a Google search volume index (SVI), and the dynamics of currency prices. Investor attention is correlated with the trading activities of large FX market participants. Investor attention comoves with contemporaneous FX market volatility and predicts subsequent FX market volatility, after controlling for macroeconomic fundamentals. In addition, investor attention is related to the currency risk premium. Our results suggest that investor attention is a priced source of risk in FX markets

Quantum entanglement of charges in bound states with finite-size dyons

We show that the presence of finite-size monopoles can lead to a number of interesting physical processes involving quantum entanglement of charges. Taking as a model the classical solution of the N=2 SU(2) Yang-Mills theory, we study interaction between dyons and scalar particles in the adjoint and fundamental representation. We find that there are bound states of scalars and dyons, which, remarkably, are always an entangled configuration of the form |\psi > =|dyon+> |scalar-> +/- |dyon->|scalar+>. We determine the energy levels and the wave functions and also discuss their stability.Comment: 29 pages, 3 figures. Minor correction in references (to appear in JHEP04 (2002) 010

A Note on c=1 Virasoro Boundary States and Asymmetric Shift Orbifolds

We comment on the conformal boundary states of the c=1 free boson theory on a circle which do not preserve the U(1) symmetry. We construct these Virasoro boundary states at a generic radius by a simple asymmetric shift orbifold acting on the fundamental boundary states at the self-dual radius. We further calculate the boundary entropy and find that the Virasoro boundary states at irrational radius have infinite boundary entropy. The corresponding open string description of the asymmetric orbifold is given using the quotient algebra construction. Moreover, we find that the quotient algebra associated with a non-fundamental boundary state contains the noncommutative Weyl algebra.Comment: 21 pages, harvmac; v2: minor clarification in section 3.4; v3: a discussion on cocycles added in section 2, and low energy limit mistake removed and clarifications added in section 4.

A comparison of viral microneutralization and haemagglutination inhibition assays as measures of seasonal inactivated influenza vaccine immunogenicity in the first year after reduced intensity conditioning, lymphocyte depleted allogeneic haematopoietic stem cell transplant

Traditionally, immune response to influenza vaccines has been measured using the haemagglutination inhibition (HAI) assay. A broader repertoire of techniques including the sensitive viral microneutralization (VMN) assay is now recommended by the European Medicines Agency (EMA). Comparing HAI and VMN, we determined immune response to a trivalent 2015–2016 seasonal inactivated influenza vaccine (SIIV) administered to 28 recipients of allogeneic haematopoietic stem cell transplant (HSCT). Vaccination was within the first-year post-transplant at a median of 78.5 (24–363) days. The proportion of patients with baseline and post-vaccination HAI titres ≥ 1:40 were 28.6% and 25% for A(H1N1)pdm09, 14.3% at both timepoints for A(H3N2), and 32.1% and 25% for B(Phuket). Pre and Post-vaccination geometric mean titres(GMT) were higher by VMN than HAI for A(H1N1)pdm09 and A(H3N2), but lower for B(Phuket)(p= 0.05) for all components. A single seroconversion to A(H1N1) was detected by ELISA-VMN. None of patient age, lymphocyte count, days from transplant to vaccination, donor type, or graft-versus-host disease (GVHD) or immunosuppressive therapy (IST) at vaccination correlated with baseline or post-vaccination titres by either assay. This absence of seroresponse to SIIV in the first-year post HSCT highlights the need for novel immunogenic vaccination formulations and schedules in this high-risk population

Uniform Light-Cone Gauge for Strings in AdS_5 x S^5: Solving su(1|1) Sector

We introduce a uniform light-cone gauge for strings propagating in AdS space-time. We use the gauge to analyze strings from the su(1|1) sector, and show that the reduced model is described by a quadratic action for two complex fermions. Thus, the uniform light-cone gauge allows us to solve the model exactly. We analyze the near BMN spectrum of states from the su(1|1) sector and show that it correctly reproduces the 1/J corrections. We also compute the spectrum in the strong coupling limit, and derive the famous \lambda^{1/4} asymptotics. We then show that the same string spectrum can be also derived by solving Bethe ansatz type equations, and discuss their relation to the quantum string Bethe ansatz for the su(1|1) sector.Comment: 26 pages, Latex, v2: comparison to the strong coupling expansion of the quantum string Bethe ansatz is added, discussion of the winding sector is extended, references adde

Evolution of magnetic interactions in a pressure-induced Jahn-Teller driven magnetic dimensionality switch

We present the results of high-field magnetization and muon-spin relaxation measurements on the coordination polymer CuF 2 (H 2 O) 2 (pyrazine) in pressures up to 22.5 kbar. We observe a transition from a quasi-two-dimensional to a quasi-one-dimensional antiferromagnetic phase at 9.1 kbar, driven by a rotation of the Jahn-Teller axis. Long-range antiferromagnetic ordering is seen in both regimes, as well as a phase separation in the critical pressure region. The magnetic dimensionality switching as pressure is increased is accompanied by a halving of the primary magnetic exchange energy J and a fivefold decrease in the ordering temperature T N . J decreases gradually with pressure in the two-dimensional phase, and then increases in the one-dimensional regime. We relate both effects to the changes in the crystal structure with applied pressure

Magnetic ground state of the one-dimensional ferromagnetic chain compounds M(NCS)2(thiourea)2 (M=Ni,Co)

The magnetic properties of the two isostructural molecule-based magnets—Ni(NCS)2(thiourea)2, S = 1 [thiourea = SC(NH2 )2] and Co(NCS)2 (thiourea)2, S = 3/2—are characterized using several techniques in order to rationalize their relationship with structural parameters and to ascertain magnetic changes caused by substitution of the spin. Zero-field heat capacity and muon-spin relaxation measurements reveal low-temperature long-range ordering in both compounds, in addition to Ising-like (D < 0) single-ion anisotropy (DCo ∼ −100 K, DNi ∼ −10 K). Crystal and electronic structure, combined with dc-field magnetometry, affirm highly quasi-onedimensional behavior, with ferromagnetic intrachain exchange interactions JCo ≈ +4 K and JNi ∼ +100 K and weak antiferromagnetic interchain exchange, on the order of J ∼ −0.1 K. Electron charge- and spin-density mapping reveals through-space exchange as a mechanism to explain the large discrepancy in J-values despite, from a structural perspective, the highly similar exchange pathways in both materials. Both species can be compared to the similar compounds MCl2(thiourea)4, M = Ni(II) (DTN) and Co(II) (DTC), where DTN is known to harbor two magnetic-field-induced quantum critical points. Direct comparison of DTN and DTC with the compounds studied here shows that substituting the halide Cl− ion for the NCS− ion results in a dramatic change in both the structural and magnetic properties