Dependence structure of the Korean stock market in high frequency data

This paper analyzes the evolution of the dependence structure for various time window intervals, known as Epps effect, using the Trade and Quote data of 663 actively traded stocks in Korean stock market. It is found that the random matrix theory analysis could not represent the dependence structure of the stock market in the microstructure regime. The Cook-Johnson copula is introduced as a parsimonious alternative method to handle this problem, and the existence of the Epps effect is confirmed for the 663 stocks using high frequency data. It was also found that large capitalization companies tend to have a stronger dependence structure, except for the largest capitalization group, since the phenomenon of price level resistance leads to the weak dependence structure in the largest capitalization group. In addition, grouping the industry as a sub-portfolio is an appropriate approach for hour interval traders, whereas this approach is not a strategy recommended for high frequency traders.     

Synthesis of 2,3-disubstituted benzofurans on solid-support

A library of 2,3-disubstituted benzofuran scaffold was developed by using intramolecular Wittig olefination and Friedel-Crafts acylation.     

Reinvestigation of Ge4Se9 based on single‐crystal data

Tetra­germanium nona­selenide, Ge₄Se₉, adopts a two‐dimensional layered structure. The layer is made up of infinite chains of corner‐sharing GeSe₄ tetra­hedra and the chains are connected via the Ge₂Se₇ unit to form the two‐dimensional layer. These layers are stacked to form the three‐dimensional structure with a van der Waals gap. A previous structure report on Ge₄Se₉ based on powder diffraction data [Fjellvåg, Kongshaug & Stølen (2001). J. Chem. Soc. Dalton Trans. pp. 1043–1045] is comparable with our results except for the absolute structure determination.     

Multigrid algorithms for a vertex–centered covolume method for elliptic problems

Summary. We analyze V–cycle multigrid algorithms for a class of perturbed problems whose perturbation in the bilinear form preserves the convergence properties of the multigrid algorithm of the original problem. As an application, we study the convergence of multigrid algorithms for a covolume method or a vertex–centered finite volume element method for variable coefficient elliptic problems on polygonal domains. As in standard finite element methods, the V–cycle algorithm with one pre-smoothing converges with a rate independent of the number of levels. Various types of smoothers including point or line Jacobi, and Gauss-Seidel relaxation are considered. Received August 19, 1999 / Revised version received July 10, 2000 / Published online June 7, 2001     

Gas permeability and n‐butane solubility of poly(1‐trimethylgermyl‐1‐propyne)

The gas permeability and n‐butane solubility in glassy poly(1‐trimethylgermyl‐1‐propyne) (PTMGP) are reported. As synthesized, the PTMGP product contains two fractions: (1) one that is insoluble in toluene and soluble only in carbon disulfide (the toluene‐insoluble polymer) and (2) one that is soluble in both toluene and carbon disulfide (the toluene‐soluble polymer). In as‐cast films, the gas permeability and n‐butane solubility are higher in films prepared from the toluene‐soluble polymer (particularly in those films cast from toluene) than in films prepared from the toluene‐insoluble polymer and increase to a maximum in both fractions after methanol conditioning. For example, in as‐cast films prepared from carbon disulfide, the oxygen permeability at 35 °C is 330 × 10^?10 cm³ (STP) cm/(cm² s cmHg) for the toluene‐soluble polymer and 73 × 10^?10 cm³ (STP) cm/(cm² s cmHg) for the toluene‐insoluble polymer. After these films are conditioned in methanol, the oxygen permeability increases to 5200 × 10^?10 cm³ (STP) cm/(cm² s cmHg) for the toluene‐soluble polymer and 6200 × 10^?10 cm³ (STP) cm/(cm² s cmHg) for the toluene‐insoluble polymer. The rankings of the fractional free volume and nonequilibrium excess free volume in the various PTMGP films are consistent with the measured gas permeability and n‐butane solubility values. Methanol conditioning increases gas permeability and n‐butane solubility of as‐cast PTMGP films, regardless of the polymer fraction type and casting solvent used, and minimizes the permeability and solubility differences between the various films (i.e., the permeability and solubility values of all conditioned PTMGP films are similar). © 2002 Wiley Periodicals, Inc. J Polym Sci Part B: Polym Phys 40: 2228–2236, 2002     

Comparison of V‐cycle multigrid method for cell‐centered finite difference on triangular meshes

We consider a multigrid algorithm (MG) for the cell centered finite difference scheme (CCFD) on general triangular meshes using a new prolongation operator. This prolongation is designed to solve the diffusion equation with strongly discontinuous coefficient as well as with smooth one. We compare our new prolongation with the natural injection and the weighted operator in Kwak, Kwon, and Lee ( 8 ) and the behaviors of these three prolongation are discussed. Numerical experiments show that (i) for smooth problems, the multigrid with our new prolongation is fastest, the next is the weighted prolongation, and the third is the natural injection; and (ii) for nonsmooth problems, our new prolongation is again fastest, the next is the natural injection, and the third is the weighted prolongation. In conclusion, our new prolongation works better than the natural injection and the weighted operator for both smooth and nonsmooth problems. © 2006 Wiley Periodicals, Inc. Numer Methods Partial Differential Eq, 2006     

Conductivity‐Dependent Completion of Oxygen Reduction on Oxide Catalysts

The electric conductivity‐dependence of the number of electrons transferred during the oxygen reduction reaction is presented. Intensive properties, such as the number of electrons transferred, are difficult to be considered conductivity‐dependent. Four different perovskite oxide catalysts of different conductivities were investigated with varying carbon contents. More conductive environments surrounding active sites, achieved by more conductive catalysts (providing internal electric pathways) or higher carbon content (providing external electric pathways), resulted in higher number of electrons transferred toward more complete 4e reduction of oxygen, and also changed the rate‐determining steps from two‐step 2e process to a single‐step 1e process. Experimental evidence of the conductivity dependency was described by a microscopic ohmic polarization model based on effective potential localized nearby the active sites.