Can Cross-Border Financial Markets Create Endogenously Good Collateral in a Crisis?

In this paper, we explore whether markets can create endogenously good collateral in a crisis by analyzing a simple exchange economy where a country-specific catastrophic shock is shared between two countries. To see this possibility, we examine whether the equilibrium achieved by the time-0 complete markets with solvency constraints can be recovered in the dynamically complete markets with collateral constraints. This paper demonstrates that it is possible to recover the time-0 equilibrium outcome in a sequential manner when pricing errors occur randomly in evaluating Lucas trees at a catastrophic event. Such stochastic components may be interpreted as a policy initiative to create good collateral and yield constrained efficient outcomes at crisis periods.Solvency Constraints, Collateral Constraints, Dynamic Optimal Contract, Catastrophic Shocks

Angular Momentum Exchange by Gravitational Torques and Infall in the Circumbinary Disk of the Protostellar System L1551 NE

We report the ALMA observation of the Class I binary protostellar system L1551 NE in the 0.9-mm continuum, C18O (3-2), and 13CO (3-2) lines at a ~1.6 times higher resolution and a ~6 times higher sensitivity than those of our previous SMA observations, which revealed a r ~300 AU-scale circumbinary disk in Keplerian rotation. The 0.9-mm continuum shows two opposing U-shaped brightenings in the circumbinary disk, and exhibits a depression between the circumbinary disk and the circumstellar disk of the primary protostar. The molecular lines trace non-axisymmetric deviations from Keplerian rotation in the circumbinary disk at higher velocities relative to the systemic velocity, where our previous SMA observations could not detect the lines. In addition, we detect inward motion along the minor axis of the circumbinary disk. To explain the newly-observed features, we performed a numerical simulation of gas orbits in a Roche potential tailored to the inferred properties of L1551 NE. The observed U-shaped dust features coincide with locations where gravitational torques from the central binary system are predicted to impart angular momentum to the circumbinary disk, producing shocks and hence density enhancements seen as a pair of spiral arms. The observed inward gas motion coincides with locations where angular momentum is predicted to be lowered by the gravitational torques. The good agreement between our observation and model indicates that gravitational torques from the binary stars constitute the primary driver for exchanging angular momentum so as to permit infall through the circumbinary disk of L1551 NE.Comment: 38 pages, 11 figures, accepted for publication in Ap

Observation of Simultaneous Oscillation of Multiple Modes in a CW 300 GHz Gyrotron

Multi-mode oscillation was observed in a 300 GHz fully CW gyrotron. It has been developed and installed in the Research Center for Development of Far-Infrared Region, University of Fukui as a power source of a submillimeter-wave material processing system. This gyrotron delivers 1.75 kW/CW at maximum. The radiation pattern is a Gaussian beam when the magnetic field strength Bc at the cavity is properly adjusted. However, within a range of Bc values, simultaneous oscillation of competing modes is observed, manifesting in radiation of the output power in multiple directions

Class Practice Research Aimed at Achieving Proactive, Interactive, and Deep Learning in the Junior High School Music Department: From the Perspective of Teaching Methods in Instrumental Ensemble

The purpose of this study was to clarify which teaching method could produce proactive, interactive, and deep learning, during an instrumental ensemble, and to assess the results of implementing such a program. We developed and presented the instrumental ensemble class plan based on the bottom up instruction method at two junior high schools. Data were collected by using a questionnaire and an M-GTA. We found that each student displayed a proactive learning attitude toward the music while maintaining an awareness of their own development areas and growth. Furthermore, the students showed an interactive learning attitude during collaborative activities by watching and listening to others while observing their performance in an effort to improve the quality of music , and learn through the class experience. In addition, we noticed an attitude that promoted deep learning whereby students attempted to solve problems and create music while utilizing what they learned from negative experiences. In addition, the bottom up instruction approach used during instrumental ensemble training was associated with originality, growth and the acceptance and awareness of others

Electron emission from conduction band of diamond with negative electron affinity

Experimental evidence explaining the extremely low-threshold electron emission from diamond reported in 1996 has been obtained for the first time. Direct observation using combined ultraviolet photoelectron spectroscopy/field emission spectroscopy (UPS/FES) proved that the origin of field-induced electron emission from heavily nitrogen (N)-doped chemical vapour deposited (CVD) diamond was at conduction band minimum (CBM) utilising negative electron affinity (NEA). The significance of the result is that not only does it prove the utilisation of NEA as the dominant factor for the extremely low-threshold electron emission from heavily N-doped CVD diamond, but also strongly implies that such low-threshold emission is possible from other types of diamond, and even other materials having NEA surface. The low-threshold voltage, along with the stable intensity and remarkably narrow energy width, suggests that this type of electron emission can be applied to develop a next generation vacuum nano-electronic devices with long lifetime and high energy resolution.Comment: 17 pages, 4 figures, Phys. Rev. B in pres

Effect of Prelithiation Process for Hard Carbon Negative Electrode on the Rate and Cycling Behaviors of Lithium-Ion Batteries

Two prelithiation processes (shallow Li-ion insertion, and thrice-repeated deep Li-ion　insertion and extraction) were applied to the hard carbon (HC) negative electrode (NE) used in　lithium-ion batteries (LIBs). LIB full-cells were assembled using Li(Ni0.5Co0.2Mn0.3)O2 positive　electrodes (PEs) and the prelithiated HC NEs. The assembled full-cells were charged and discharged　under a low current density, increasing current densities in a stepwise manner, and then constant　under a high current density. The prelithiation process of shallow Li-ion insertion resulted in the　high Coulombic efficiency (CE) of the full-cell at the initial charge-discharge cycles as well as in a　superior rate capability. The prelithiation process of thrice-repeated Li-ion insertion and extraction　attained an even higher CE and a high charge-discharge specific capacity under a low current density.　However, both prelithiation processes decreased the capacity retention during charge-discharge　cycling under a high current density, ascertaining a trade-off relationship between the increased CE　and the cycling performance. Further elimination of the irreversible capacity of the HC NE was　responsible for the higher utilization of both the PE and NE, attaining higher initial performances,　but allowing the larger capacity to fade throughout charge-discharge cycling

Whole-genome analysis of recombinant inbred rice lines reveals a quantitative trait locus on chromosome 3 with genotype-by-environment interaction effects

Elucidating genotype-by-environment interactions is fundamental for understanding the interplay between genetic and environmental factors that shape complex traits in crops. Genotype-by-environment interactions are of practical importance, as they determine the performance of cultivars grown in different environments, prompting the need for an efficient approach for evaluating genotype-by-environment interactions. Here, we describe a method for genotype-by-environment detection that involves comparing linear mixed models. This method successfully detected genotype-by-environment interactions in rice (Oryza sativa) recombinant inbred lines grown at 3 locations. We identified a quantitative trait locus (QTL) on chromosome 3 that was associated with heading date, grain number, and leaf length. The effect of this QTL on plant growth–related traits varied with environmental conditions, indicating the presence of genotype-by-environment interactions. Therefore, our method enables a powerful genotype-by-environment detection pipeline that should facilitate the production of high-yielding crops in a given environment

Distortion of Magnetic Fields in a Starless Core V: Near-infrared and Submillimeter Polarization in FeSt 1-457

The relationship between submillimeter (submm) dust emission polarization and near-infrared (NIR) $H$-band polarization produced by dust dichroic extinction was studied for the cold starless dense core FeSt 1-457. The distribution of polarization angles ($90^{\circ}$-rotated for submm) and degrees were found to be very different between at submm and NIR wavelengths. The mean polarization angles for FeSt 1-457 at submm and NIR wavelengths are $132.1^{\circ} \pm 22.0^{\circ}$ and $2.7^{\circ} \pm 16.2^{\circ}$, respectively. The correlation between $P_H$ and $A_V$ was found to be linear from outermost regions to relatively dense line of sight of $A_V \approx 25$ mag, indicating that NIR polarization reflects overall polarization (magnetic field) structure of the core at least in this density range. The flat $P_H/A_V$ versus $A_V$ correlations were confirmed, and the polarization efficiency was found to be comparable to the observational upper limit (Jones 1989). On the other hand, as reported by Alves et al., submm polarization degrees show clear linearly decreasing trend against $A_V$ from $A_V \approx 20$ mag to the densest center ($A_V \approx 41$ mag), appearing as "polarization hole" structure. The power law index for the $P_{\rm submm}$ versus $A_V$ relationship was obtained to be $\approx -1$, indicating that the alignment for the submm sensitive dust is lost. These very different polarization distributions at submm and NIR wavelengths suggest that (1) there is different radiation environment at these wavelengths or (2) submm-sensitive dust is localized or the combination of them.Comment: Accepted to the Astrophysical Journal (ApJ

Scalability of spin FPGA: A Reconfigurable Architecture based on spin MOSFET

Scalability of Field Programmable Gate Array (FPGA) using spin MOSFET (spin FPGA) with magnetocurrent (MC) ratio in the range of 100% to 1000% is discussed for the first time. Area and speed of million-gate spin FPGA are numerically benchmarked with CMOS FPGA for 22nm, 32nm and 45nm technologies including 20% transistor size variation. We show that area is reduced and speed is increased in spin FPGA owing to the nonvolatile memory function of spin MOSFET.Comment: 3 pages, 7 figure