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

Neurophysiology

Contains reports on one research project.National Institutes of Health (Grant 1 ROl EY01149-01)Bell Telephone Laboratories, Inc. (Grant

Torque and temperature dependence of the hysteretic voltage-induced torsional strain in tantalum trisulfide

We have measured the dependence of the hysteretic voltage-induced torsional strain (VITS) in crystals of orthorhombic tantalum trisulfide on temperature and applied torque. In particular, applying square-wave voltages above the charge-density-wave (CDW) threshold voltage, so as to abruptly switch the strain across its hysteresis loop, we have found that the time constant for the VITS to switch (at different temperatures and voltages) varied as the CDW current. Application of torque to the crystal could also change the VITS time constant, magnitude, and sign, suggesting that the VITS is a consequence of residual torsional strain in the sample which twist the CDW. Application of voltage changes the pitch of these CDW twists, which then act back on the lattice. However, it remains difficult to understand the sluggishness of the response.Comment: 20 pages, including 7 figures, to be published in PR

Monetary policy and economic activity: a postwar review

Monetary policy ; Financial markets ; Economic conditions