6 research outputs found

    Superconductivity in the Two-Band Hubbard Model in Infinite Dimensions

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    We study a two-band Hubbard model in the limit of infinite dimensions, using a combination of analytical methods and Monte-Carlo techniques. The normal state is found to display various metal to insulators transitions as a function of doping and interaction strength. We derive self-consistent equations for the local Green's functions in the presence of superconducting long-range order, and extend previous algorithms to this case. We present direct numerical evidence that in a specific range of parameter space, the normal state is unstable against a superconducting state characterized by a strongly frequency dependent order-parameter.Comment: 12 pages (14 figures not included, available upon request), Latex, LPTENS Preprint 93/1

    THE ROLE OF FINANCIAL RELATIONSHIPS IN THE HISTORY OF AMERICAN CORPORATE FINANCE

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    The American corporate financing system, unlike that of most other countries, has not been organized around a set of "universal banks" that perform a variety of functions for their clients. Indeed, the distinguishing feature of American financial history is the number and variety of financial intermediaries, and their relationships with corporations (and one another). Besides commercial banks, there are investment banks, insurance companies, venture capitalists, commercial paper dealers, mutual funds, and many others. The economic role of such intermediaries is to reduce market frictions such as "asymmetric information" and "agency problems" that otherwise raise the cost of outside capital for U.S. companies. 1996 Morgan Stanley.
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