The expectations hypothesis of the term structure: some empirical evidence for Portugal

The purpose of this paper is to test the (rational) expectations hypothesis of the term structure of interest rates using Portuguese data for the interbank money market. The results obtained support only a very weak, long-run or "asymptotic" version of the hypothesis, and broadly agree with previous evidence for other countries. The empirical evidence supports the cointegration of Portuguese rates and the "puzzle" well known in the literature: although its forecasts of future short-term rates are in the correct direction, the spread between longer and shorter rates fails to forecast future longer rates. In the single equation framework, the implications of the hypothesis in terms of the predictive ability of the spread are also clearly rejected

The Quantum Algebraic Structure of the Twisted XXZ Chain

We consider the Quantum Inverse Scattering Method with a new R-matrix depending on two parameters $q$ and $t$. We find that the underlying algebraic structure is the two-parameter deformed algebra $SU_{q,t}(2)$ enlarged by introducing an element belonging to the centre. The corresponding Hamiltonian describes the spin-1/2 XXZ model with twisted periodic boundary conditions.Comment: LateX file, 9 pages, Minor changes (including authors` names in the hep-th heading

The expectations hypothesis of the term structure: some empirical evidence for Portugal

The purpose of this paper is to test the (rational) expectations hypothesis of the term structure of interest rates using Portuguese data for the interbank money market. The results obtained support only a very weak, long-run or "asymptotic" version of the hypothesis, and broadly agree with previous evidence for other countries. The empirical evidence supports the cointegration of Portuguese rates and the "puzzle" well known in the literature: although its forecasts of future short-term rates are in the correct direction, the spread between longer and shorter rates fails to forecast future longer rates. In the single equation framework, the implications of the hypothesis in terms of the predictive ability of the spread are also clearly rejected.term structure of interest rates; expectations hypothesis; hypothesis testing; cointegration; Portugal

Synthesis and properties of Co-doped titanate nanotubes and their optical sensitization with methylene blue

Here we report on a novel chemical route to synthesize homogenous cobalt doped titanate nanotubes (CoTNT), using an amorphous Co-doped precursor. The influence of the synthesis temperature, autoclave dwell time and metal doping on the structural and microstructural as well as on the optical properties of the synthesized titanate nanotubes is studied and discussed. The optical band gaps of the CoTNT samples are red shifted in comparison with the values determined for the undoped samples, such red shifts bringing the absorption edge of the CoTNT samples into the visible region. CoTNT materials also demonstrate particular high adsorption ability for methylene blue, the amount of the adsorbed dye being higher than the one predictable for a monolayer formation. This suggests the possibility of intercalation of the dye molecule between the TiO6 layers of the TNT structure. It is also shown that the methylene blue sensitized Co-doped nanostructures are highly stable under UV radiation and present a strong and broad absorption in the visible region.Comment: 31 pages, 3 tables, 7 figure

Use of dialkyldithiocarbamato complexes of bismuth(III) for the preparation of nano- and microsized Bi2S3 particles and the X-ray crystal structures of [Bi{S2CN(CH3)(C6H13)}(3)] and [Bi{S2CN(CH3)(C6H13)}(3)(C12H8N2)]

A range of bismuth(III) dithiocarbamato complexes were prepared and characterized. The X-ray crystal structures of the compounds [Bi{S2CN(CH3)(C6H13)}3] (1) and [Bi{S2CN(CH3)- (C6H13)}3(C12H8N2)] (2) are reported. The preparation of Bi2S3 particulates using a wet chemical method and involving the thermalysis of Bi(III) dialkyldithiocarbamato complexes is described. The influence of several experimental parameters on the optical and morphological properties of the Bi2S3 powders was investigated. Nanosized Bi2S3 colloids were obtained having long-term stability and showing a blue shift on the optical band edge; the presence of particles exhibiting quantum size effects is discussed. Morphological welldefined Bi2S3 particles were obtained in which the fiber-type morphology is prevalent.FCT - POCTI/1999/CTM/ 3545

Ferromagnetic Ga₁ˍₓ Mnₓ As produced by ion implantation and pulsed-laser melting

We demonstrate the formation of ferromagneticGa₁ˍₓMnₓAsfilms by Mn ion implantation into GaAs followed by pulsed-laser melting. Irradiation with a single excimer laser pulse results in the epitaxial regrowth of the implanted layer with Mn substitutional fraction up to 80% and effective Curie temperature up to 29 K for samples with a maximum Mn concentration of x≈0.03. A remanent magnetization persisting above 85 K has been observed for samples with x≈0.10, in which 40% of the Mn resides on substitutional lattice sites. We find that the ferromagnetism in Ga₁ˍₓMnₓAs is rather robust to the presence of structural defects.The work at the Lawrence Berkeley National Laboratory was supported by the Director, Office of Science, Office of Basic Energy Sciences, Division of Materials Sciences and Engineering, of the U.S. Department of Energy under Contract No. DE-AC03-76SF00098. The work at Harvard was supported by NASA Grant No. NAG8-1680. One of the authors ~M.A.S.! acknowledges support from an NSF Graduate Research Fellowship