Asymmetric responses of international stock markets to trading volume

The major goal of this paper is to examine the hypothesis that stock returns and return volatility are asymmetric, threshold nonlinear, functions of change in trading volume. A minor goal is to examine whether return spillover effects also display such asymmetry. Employing a double-threshold GARCH model with trading volume as a threshold variable, we find strong evidence supporting this hypothesis in five international market return series. Asymmetric causality tests lend further support to our trading volume threshold model and conclusions. Specifically, an increase in volume is positively associated, while decreasing volume is negatively associated, with the major price index in four of the five markets. The volatility of each series also displays an asymmetric reaction, four of the markets display higher volatility following increases in trading volume. Using posterior odds ratio, the proposed threshold model is strongly favored in three of the five markets, compared to a US news double threshold GARCH model and a symmetric GARCH model. We also find significant nonlinear asymmetric return spillover effects from the US market.     

Determination of the electric field gradient asymmetry from Berry’s phase in NQR of powder samples

An effect of Berry’s phase on the NQR spectrum of the rotating powder sample is described and applied for the determination of the electric field gradient asymmetry. The proposed method involves the analysis of the frequency singularities in the NQR powder patterns of the rotating samples. The Berry’s phases for the eigenstates, associated with an adiabatically changing quadrupole hamiltonian, are calculated for nuclei with a spin I = 3/2 and I = 1 as a function of the asymmetry parameter.     

Atomistic phenomena in dense fluid shock waves

The shock structure problem is one of the classical problems of fluid mechanics and at least for non-reacting dilute gases it has been considered essentially solved. Here we present a few recent findings, to show that this is not the case. There are still new physical effects to be discovered provided that the numerical technique is general enough to not rule them out a priori. While the results have been obtained for dense fluids, some of the effects might also be observable for shocks in dilute gases.     

Enantioselective addition of aryllithium reagents to aromatic imines mediated by 1,2-diamine ligands

A variety of optically enriched amines have been obtained by addition of aryllithium reagents to aromatic imines using N,N′-tetramethylcyclohexane-1,2-diamine as chiral ligands. Enantiomeric excesses up to 90% could be obtained.     

Tailoring a Dress to Single Protein Molecules: Proteins Can Do It Themselves through Localized Photo-Polymerization and Molecular Imprinting

Molecularly imprinted polymer nanoparticles (MIP NPs) are antibody-like recognition materials prepared by a template-assisted synthesis. MIP NPs able to target biomolecules, like proteins, are under the spotlight for their great potential in medicine, but efficiently imprinting biological templates is still very challenging. Here we propose generating a molecular imprint in single NPs, by photochemically initiating the polymerization from individual protein templates. In this way, each protein molecule tailors itself its own “polymeric dress”. For this, the template protein is covalently coupled with a photoinitiator, Eosin Y. Irradiated with light at 533 nm, the Eosin moiety acts as an antenna and transfers energy to a co-initiator (an amine), which generates a radical and initiates polymerization. As a result, a polymer network is forming only around the very template molecule, producing cross-linked NPs of 50 nm, with single binding sites showing high affinity (K_D 10⁻⁹ m ) for their biological target, and selectivity over other proteins.     

Quantitative analysis of asymmetrical cortical activity in motor areas during sequential finger movement

Brain asymmetry is a phenomenon well known for handedness and has been studied in motor cortices. However, few quantitative studies on asymmetrical cortical activity in motor areas have been conducted. In this study, we systematically investigated asymmetrical cortical activity in motor areas during sequential finger movement by quantitatively analyzing functional magnetic resonance imaging (fMRI) blood oxygenation level-dependent (BOLD) responses. The norm of BOLD signal percentage of change was introduced to quantitatively measure the BOLD signal intensity change difference between the left and right motor areas. The results of the data collected from six subjects show that the norm of BOLD signal percentage of change in the right motor area is higher than that in the left motor area for two-hand movement (P=.0059) and single-hand movement (P=.0279) with right-handedness. These results from fMRI show the asymmetry of motor areas and may suggest that the left hemisphere motor area comes into being as an adaptation system that needs few neuron cells only to finish any movement task for right-handedness. The activation intensity in the left motor area is reduced with normal right finger movement. The activation intensity in the right motor area is obviously higher than that in the left motor area.     

Adaptation of electrodes and printable gel polymer electrolytes for optimized fully organic batteries

Despite intensive scientific efforts on the development of organic batteries, their full potential is still not being realized. The individual components, such as electrode materials and electrolytes, are in most cases developed independently and are not adjusted to each other. In this context, we report on the performance optimization of a full-organic solid-state battery system by the mutual adaptation of the electrode materials and an ionic liquid (IL)-based gel polymer electrolyte (GPE). The formulation of the latter was designed for a one-step manufacturing approach and can be applied directly to the electrode surface, where it is UV-cured to yield the GPE without further post-treatment steps. Herein, a special focus was placed on the applicability in industrial processes. A first significant capacity increase was achieved by the incorporation of the IL into the electrode composite. Furthermore, the GPE composition was adapted applying acrylate- and methacrylate-based monomers and combinations thereof with the premise of a fast curing step. Furthermore, the amount of IL was varied, and all combinations were evaluated for their final performance in cells. The latter variation revealed that a high ionic conductivity is not the only determining factor for a good cell performance. Next to a sufficient conductivity, the interaction between electrode and electrolyte plays a key role for the cell performance as it enhances the accessibility of the counter ions to the redox-active sites.     

Inhomogeneity in structure of MgPb liquid alloy

The concentration dependent asymmetry in mixing properties of MgPb liquid alloys at 973 K has been investigated on the basis of regular associated solution model. The analysis suggests that heterocoordination leading to the formation of chemical complex Mg₂Pb is likely to exist in the melt.     

第Ⅱ种强度不等的两态叠加多模叠加态光场的等阶N次方H压缩——2腔模总数与压缩阶数两者之积取奇数的情形

构造了由多模复共轭相干态的相反态|{-Z_j^(a)*}〉q和多模虚共轭相干态的相反态|{-Z_j^(b)*}〉q的线性叠加所组成的第Ⅱ种强度不等的非对称两态叠加多模叠加态光场|Ψ(ab)Ⅱ〉q.利用多模压缩态理论,研究了态|Ψ(ab)Ⅱ〉q的等阶N次方H压缩特性.结果发现,在腔模总数与压缩阶数这两者之积取奇数,则当各对应模的初始相位、各对应模的初始相位差,态间的初始相位差、以及光子干涉项的幅度之和等分别满足一定的量子化条件时,态|Ψ(ab)Ⅱ〉q的第一及第二正交分量可分别呈现出周期性变化的等阶N次方H压缩效应.这与现有报道的结果截然不同.     

Monetary policy rules in practice: Re-examining the case of Turkey

This paper investigates possible asymmetries in the monetary policy reaction function of the Central Bank of Republic of Turkey over the business cycles. It is found that the bank reacted more aggressively towards output stabilisation during recessions than expansions. The empirical evidence suggests that the inflation targeting policy of the Turkish Central Bank was accommodative rather than stabilising. Furthermore, it is found that although the Central Bank of Republic of Turkey responded to foreign reserves, real exchange rates and short-term capital inflows both in expansion and recession periods, the bank targeted money growth, budget deficits, and net foreign assets only in expansion periods.