Asset correlations: shifting tides.

The Basel II accord outlines a general framework for determining regulatory capital requirements for credit risk portfolios. Different obligors usually operate independent socio-economic environments and these structural correlations are the main reason why regulatory capital is needed. Therefore, it is not surprising that an important component of the regulatory regime for capital is the asset correlation between obligors. Basel II has set a range for corporate asset correlations from 8 to 24 %, the exact value depending on several individual firm characteristics.We use monthly asset value data to calculate asset correlations and compare these with Basel II as well as results from other papers. Our results are in line with literature but a clear difference is found between the majority of these results and the results from Basel II and some major software providers. We discuss these differences and offer some explanations as an attempt to reconcile the differences. The impact of horizon is considered as wellResearch; Approximation; Distribution; Risk; Risk measure; Lognormal; Random variables; Variables; Lower bounds; Choice; Variance; Goodness of fit; Actuarial; Problems; Framework; Requirements; Credit; Portfolio; Impact; Software; Value; Data;

Imaging the symmetry breaking of molecular orbitals in carbon nanotubes

Carbon nanotubes have attracted considerable interest for their unique electronic properties. They are fascinating candidates for fundamental studies of one dimensional materials as well as for future molecular electronics applications. The molecular orbitals of nanotubes are of particular importance as they govern the transport properties and the chemical reactivity of the system. Here we show for the first time a complete experimental investigation of molecular orbitals of single wall carbon nanotubes using atomically resolved scanning tunneling spectroscopy. Local conductance measurements show spectacular carbon-carbon bond asymmetry at the Van Hove singularities for both semiconducting and metallic tubes, demonstrating the symmetry breaking of molecular orbitals in nanotubes. Whatever the tube, only two types of complementary orbitals are alternatively observed. An analytical tight-binding model describing the interference patterns of ? orbitals confirmed by ab initio calculations, perfectly reproduces the experimental results

Database Engineering Processes with DB-MAIN

Software engineering needs more and more to be supported by CASE tools. Since databases are at the heart of information systems, they deserve a particular attention. More and more CASE tools allow method engineers to implement their own methodology and they allow users to record all their actions, with their rationales, in order to improve the quality of the design and the quality of the documentation of the design. DBMAIN is such a database oriented tool with a method description and a documentation generation facilities. But it has its particularities like its procedural non-deterministic Method Description Language, its well integrated multilevel histories and its userfriendly methodological engine

Localized state and charge transfer in nitrogen-doped graphene

Nitrogen-doped epitaxial graphene grown on SiC(000?1) was prepared by exposing the surface to an atomic nitrogen flux. Using Scanning Tunneling Microscopy (STM) and Spectroscopy (STS), supported by Density Functional Theory (DFT) calculations, the simple substitution of carbon by nitrogen atoms has been identified as the most common doping configuration. High-resolution images reveal a reduction of local charge density on top of the nitrogen atoms, indicating a charge transfer to the neighboring carbon atoms. For the first time, local STS spectra clearly evidenced the energy levels associated with the chemical doping by nitrogen, localized in the conduction band. Various other nitrogen-related defects have been observed. The bias dependence of their topographic signatures demonstrates the presence of structural configurations more complex than substitution as well as hole-doping.Comment: 5 pages, accepted in PR

Multiple plasmon resonances in naturally-occurring multiwall nanotubes: infrared spectra of chrysotile asbestos

Chrysotile asbestos is formed by densely packed bundles of multiwall hollow nanotubes. Each wall in the nanotubes is a cylindrically wrapped layer of $Mg_3 Si_2 O_5 (OH)_4$. We show by experiment and theory that the infrared spectrum of chrysotile presents multiple plasmon resonances in the Si-O stretching bands. These collective charge excitations are universal features of the nanotubes that are obtained by cylindrically wrapping an anisotropic material. The multiple plasmons can be observed if the width of the resonances is sufficiently small as in chrysotile.Comment: 4 pages, 5 figures. Revtex4 compuscript. Misprint in Eq.(6) correcte

Low frequency Raman studies of multi-wall carbon nanotubes: experiments and theory

In this paper, we investigate the low frequency Raman spectra of multi-wall carbon nanotubes (MWNT) prepared by the electric arc method. Low frequency Raman modes are unambiguously identified on purified samples thanks to the small internal diameter of the MWNT. We propose a model to describe these modes. They originate from the radial breathing vibrations of the individual walls coupled through the Van der Waals interaction between adjacent concentric walls. The intensity of the modes is described in the framework of bond polarization theory. Using this model and the structural characteristics of the nanotubes obtained from transmission electron microscopy allows to simulate the experimental low frequency Raman spectra with an excellent agreement. It suggests that Raman spectroscopy can be as useful regarding the characterization of MWNT as it is in the case of single-wall nanotubes.Comment: 4 pages, 2 eps fig., 2 jpeg fig., RevTex, submitted to Phys. Rev.

The possible Σ0\Sigma^0-Λ\Lambda mixing in QCD sum rules

We calculate the on-shell $\Sigma^0$-$\Lambda$ mixing parameter $\theta$ with the method of QCD sum rule. Our result is $\theta (m^2_{\Sigma^0}) =(-)(0.5\pm 0.1)$MeV. The electromagnetic interaction is not included

van der Waals interaction in nanotube bundles : consequences on vibrational modes

We have developed a pair-potential approach for the evaluation of van der Waals interaction between carbon nanotubes in bundles. Starting from a continuum model, we show that the intertube modes range from $5 cm^{-1}$ to $60 cm^{-1}$. Using a non-orthogonal tight-binding approximation for describing the covalent intra-tube bonding in addition, we confirme a slight chiral dependance of the breathing mode frequency and we found that this breathing mode frequency increase by $\sim$ 10 % if the nanotube lie inside a bundle as compared to the isolated tube.Comment: 5 pages, 2 figure