Transactions Costs and the Viability of Rural Financial Intermediaries

In its attempt to examine the transaction cost of banks, this study develops a method of estimating transaction cost for each bank activity. It also explains the differences and the composition cost among commercial private development and rural banks. Results in this paper is hoped to improve the efficient functioning of the formal financial system.financial sector, rural sector, transaction cost, financial intermediaries

Dielectric response of Anderson and pseudogapped insulators

Using a combination of analytic and numerical methods, we study the polarizability of a (non-interacting) Anderson insulator in one, two, and three dimensions and demonstrate that, in a wide range of parameters, it scales proportionally to the square of the localization length, contrary to earlier claims based on the effective-medium approximation. We further analyze the effect of electron-electron interactions on the dielectric constant in quasi-1D, quasi-2D and 3D materials with large localization length, including both Coulomb repulsion and phonon-mediated attraction. The phonon-mediated attraction (in the pseudogapped state on the insulating side of the Superconductor-Insulator Transition) produces a correction to the dielectric constant, which may be detected from a linear response of a dielectric constant to an external magnetic field.Comment: 9 page

Transaction Cost and the Viability of Rural Financial Intermediaries

Recognition of a continuous improvement in the formal financial system is necessary for economic growth. Over the years, the government has been infusing cheap funds into the rural sector. Unfortunately, it overlooks a number of serious issues regarding bank’s transaction costs. This article develops a method of estimating transaction costs for each bank activity. It also explains the differences and the composition of transaction costs among commercial banks, rural banks and private development banks.financial system, banking system, commercial banks, transaction cost, deposit liabilities

Non-ergodic phases in strongly disordered random regular graphs

We combine numerical diagonalization with a semi-analytical calculations to prove the existence of the intermediate non-ergodic but delocalized phase in the Anderson model on disordered hierarchical lattices. We suggest a new generalized population dynamics that is able to detect the violation of ergodicity of the delocalized states within the Abou-Chakra, Anderson and Thouless recursive scheme. This result is supplemented by statistics of random wave functions extracted from exact diagonalization of the Anderson model on ensemble of disordered Random Regular Graphs (RRG) of N sites with the connectivity K=2. By extrapolation of the results of both approaches to N->infinity we obtain the fractal dimensions D_{1}(W) and D_{2}(W) as well as the population dynamic exponent D(W) with the accuracy sufficient to claim that they are non-trivial in the broad interval of disorder strength W_{E}<W<W_{c}. The thorough analysis of the exact diagonalization results for RRG with N>10^{5} reveals a singularity in D_{1,2}(W)-dependencies which provides a clear evidence for the first order transition between the two delocalized phases on RRG at W_{E}\approx 10.0. We discuss the implications of these results for quantum and classical non-integrable and many-body systems.Comment: 4 pages paper with 5 figures + Supplementary Material with 5 figure

Impact of incomplete ionization of dopants on the electrical properties of compensated p-type silicon

This paper investigates the importance of incomplete ionization of dopants in compensated p-type Si and its impact on the majority-carrier density and mobility and thus on the resistivity. Both theoretical calculations and temperature-dependent Hall-effect measurements demonstrate that the carrier density is more strongly affected by incomplete ionization in compensated Si than in uncompensated Si with the same net doping. The previously suggested existence of a compensation-specific scattering mechanism to explain the reduction of mobility in compensated Si is shown not to be consistent with the T-dependence of the measuredcarrier mobility. The experiment also shows that, in the vicinity of 300 K, the resistivity of compensated Si has a much weaker dependence on temperature than that of uncompensated silicon

Extraordinary transverse magneto-optical Kerr effect in a superlens

It has been shown that a slab of a negative index material can behave as a superlens enhancing the imaging resolution beyond the wavelength limit. We show here that if such a slab possesses in addition some magneto-optical activity, it could act as an ideal optical filter and exhibit an extraordinary transverse magneto-optical Kerr effect. Moreover, we show that losses, which spoil the imaging resolution of these lenses, are a necessary ingredient to observe this effect.Comment: 5 pages, 6 figure