Interest rate pass-through in Turkey and impact of global financial crisis: asymmetric threshold cointegration analysis

Cataloged from PDF version of article.This paper aims to investigate the interest rate pass-through of monetary policy rate to banking retail rates in Turkey by employing the asymmetric threshold autoregressive (TAR) and momentum threshold autoegressive (MTAR) procedures introduced by Enders and Siklos (2001). Over the period December 2001 to April 2011, the empirical results of asymmetric threshold cointegration analysis suggest that there exist significant and complete pass-through between policy rate and loan rates. Positive and negative departures from the equilibrium converge to long run path almost at the same speed. Pace of convergence is about two to three months for all loan rates. Policy rate has significant short run impact on loan rates. Our analysis revealed that there is no significant relationship between policy rate and bank deposit rates due to sluggish adjustment of deposit rates. Lastly, the speed and behavior of interest rate pass-through between policy rate and loan rates did not change when we encounter the effect of 2008 financial crisis. Having a banking sector dominated financial system in Turkey, the results suggest that banks adjust loan rates faster than deposit rates. This indicates that Central Bank can affect the consumption behavior of people, in other words aggregate demand through loan rates

Security System Responsive to Optical Fiber Having Bragg Grating

An optically responsive electronic lock is disclosed comprising an optical fiber serving as a key and having Bragg gratings placed therein. Further, an identification system is disclosed which has the optical fiber serving as means for tagging and identifying an object. The key or tagged object is inserted into a respective receptacle and the Bragg gratings cause the optical fiber to reflect a predetermined frequency spectra pattern of incident light which is detected by a decoder and compared against a predetermined spectrum to determine if an electrical signal is generated to either operate the lock or light a display of an authentication panel

Examination of the Relationship between Urban Air Pollution and Urban Planning Decisions in Cigli Case, Izmir (Turkey)

The air pollution problem remains, although significant improvements have been seen in urban air quality over the last years. Despite the size and variety of studies on urban air pollution, the usage of spatial statistics has been extremely limited. This study aims to show that the spatial statistic techniques can well be used to examine and explain the air pollution levels in urban areas. The data for the sulphur dioxide (SO2) and nitrogen dioxide (NO2) concentrations are measures using passive diffusion tubes at the 67 monitoring sites in the district of Çiğli (Izmir), which are selected through a spatial systematic sampling process. The tubes were exposed for a 2-week period in August 2015. For the determination of the level of clustering for high values and low values of SO2 and NO2 concentrations, Getis-Ord G* local statistics are calculated. There are five points with high values of SO2 surrounded by low values, three points of NO2, where the results are statistically significant at the 0.10 level. The findings indicate that the presence of the industrial zone, the form of fossil fuels (coal or natural gas) used in heating, and topography are the strong determinants urban air pollution.© 2016. The Authors. Published for AMER ABRA by e-International Publishing House, Ltd., UK. Peer–review under responsibility of AMER (Association of Malaysian Environment-Behaviour Researchers), ABRA (Association of Behavioural Researchers on Asians) and cE-Bs (Centre for Environment-Behaviour Studies), Faculty of Architecture, Planning & Surveying, Universiti Teknologi MARA, Malaysia.Keywords: Urban air pollution; planning decisions; spatial autocorrelation; air pollutant

Resistive Switching based Electro-Optical Modulation

Cataloged from PDF version of article.Resistive switching enables optical modulation via atomic scale modifications that induce change in the refractive index of active device materials. The formation of filaments and migration of atoms around these filaments between high resistance and low resistance states results in the modulation of the free carrier concentration and, hence, the optical constants of the material

Effect of surface conditioning methods on the bond strength of luting cement to ceramics

Objectives. This study evaluated the effect of three different surface conditioning methods on the bond strength of a Bis-GMA based luting cement to six commercial dental ceramics. Methods. Six disc shaped ceramic specimens (glass ceramics, glass infiltrated alumina, glass infiltrated zirconium dioxide reinforced alumina) were used for each test group yielding a total number of 216 specimens. The specimens in each group were randomly assigned to one of the each following treatment conditions: (1) hydrofluoric acid etching, (2) airborne particle abrasion, (3) tribochemical silica coating. The resin composite luting cement was bonded to the conditioned and silanized ceramics using polyethylene molds. All specimens were tested at dry and thermocycled (6.000, 5-55degreesC, 30 s) conditions. The shear bond strength of luting cement to ceramics was measured in a universal testing machine (2 mm/min). Results. In dry conditions, acid etched glass ceramics exhibited significantly higher results (26.4-29.4 MPa) than those of glass infiltrated alumina ceramics (5.3-18.1 MPa) or zirconium dioxide (8.1 MPa) (ANOVA, P <0.001). Silica coating with silanization increased the bond strength significantly for high-alumina ceramics (8.5-21.8 MPa) and glass infiltrated zirconium dioxide ceramic (17.4 MPa) compared to that of airborne particle abrasion (ANOVA, P <0.001). Thermocycling decreased the bond strengths significantly after all of the conditioning methods tested. Significance. Bond strengths of the luting cement tested on the dental ceramics following surface conditioning methods varied in accordance with the ceramic types. Hydrofluoric acid gel was effective mostly on the ceramics having glassy matrix in their structures. Roughening the ceramic surfaces with air particle abrasion provided higher bond strengths for high-alumina ceramics and the values increased more significantly after silica coating/silanization. 2003 Academy of Dental Materials. Published by Elsevier Ltd. All rights reserved

Possible Single Resonant Production of the Fourth Generation Charged Leptons at γe\gamma e Colliders

Single resonant productions of the fourth standard model generation charged lepton via anomalous interactions at gamma e colliders based on future linear e^+ e^- colliders with 500 GeV and 1 TeV center of mass energies are studied. Signatures of $\gamma e\to \ell_4\to e\gamma$ and $\gamma e\to \ell_4\to eZ$ anomalous processes followed by the hadronic and leptonic decay of the Z boson and corresponding standard model backgrounds are discussed in details. The lowest necessary luminosities to observe these processes and the achievable values of the anomalous coupling strengths are determined.Comment: 9 pages, 6 figures, 4 table

QuaSI: Quantile Sparse Image Prior for Spatio-Temporal Denoising of Retinal OCT Data

Optical coherence tomography (OCT) enables high-resolution and non-invasive 3D imaging of the human retina but is inherently impaired by speckle noise. This paper introduces a spatio-temporal denoising algorithm for OCT data on a B-scan level using a novel quantile sparse image (QuaSI) prior. To remove speckle noise while preserving image structures of diagnostic relevance, we implement our QuaSI prior via median filter regularization coupled with a Huber data fidelity model in a variational approach. For efficient energy minimization, we develop an alternating direction method of multipliers (ADMM) scheme using a linearization of median filtering. Our spatio-temporal method can handle both, denoising of single B-scans and temporally consecutive B-scans, to gain volumetric OCT data with enhanced signal-to-noise ratio. Our algorithm based on 4 B-scans only achieved comparable performance to averaging 13 B-scans and outperformed other current denoising methods.Comment: submitted to MICCAI'1

Silicon nanoparticle charge trapping memory cell

Cataloged from PDF version of article.A charge trapping memory with 2 nm silicon nanoparticles (Si NPs) is demonstrated. A zinc oxide (ZnO) active layer is deposited by atomic layer deposition (ALD), preceded by Al2O3 which acts as the gate, blocking and tunneling oxide. Spin coating technique is used to deposit Si NPs across the sample between Al2O3 steps. The Si nanoparticle memory exhibits a threshold voltage (V-t) shift of 2.9 V at a negative programming voltage of -10 V indicating that holes are emitted from channel to charge trapping layer. The negligible measured V-t shift without the nanoparticles and the good retention of charges (> 10 years) with Si NPs confirm that the Si NPs act as deep energy states within the bandgap of the Al2O3 layer. In order to determine the mechanism for hole emission, we study the effect of the electric field across the tunnel oxide on the magnitude and trend of the V-t shift. The Vt shift is only achieved at electric fields above 1 MV/cm. This high field indicates that tunneling is the main mechanism. More specifically, phonon-assisted tunneling (PAT) dominates at electric fields between 1.2 MV/cm 2.1 MV/cm).(C) 2014 WILEY-VCH Verlag GmbH & Co. KGaA, Weinheim