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.     

Analysis of a type of nonsmooth dynamical systems

In this paper, a class of nonsmooth dynamical systems is analyzed. Extensive simulations reveal the chaotic behavior in these systems. By introducing a parameter, a chain of systems with one end being a linear stable system and the other being a chaotic system is constructed. Then the phase transition process through the chain is investigated as the parameter varies. Difficulties involved in analyzing this class of systems are also discussed.     

Matrix model in a class of time dependent supersymmetric backgrounds

We discuss the matrix model in a class of 11D time dependent supersymmetric backgrounds as obtained in [B. Chen, Phys. Lett. B 632 (2006) 393, hep-th/0508191]. We construct the matrix model action through the matrix regularization of the membrane action in the background. We show that the action is exact to all orders of fermionic coordinates. Furthermore we discuss the fuzzy sphere solutions in this background.     

Degradation of ZnS:Cu,Al,Au phosphor powder in different gas mixtures

The ZnS:Cu,Al,Au (P22G) phosphor powder was bombarded by an electron beam in an O₂ ambient, Ar ambient and other mixture of gases. These gases consisted of mixtures of O₂ and CO_x, and O₂, CO_x and Ar gas. Auger electron spectroscopy (AES) was used to monitor changes in the surface composition of the P22G phosphor during electron bombardment. When the P22G phosphor powder was exposed to the electron beam in a water-rich O₂ ambient, a chemically limited ZnO layer was formed on the surface. The electron beam degradation of the P22G phosphor powder was also performed in a dry O₂ ambient and a layer of ZnSO₄ was formed on the surface. The ZnSO₄ formation decayed exponentially with time and it is postulated that this was due to the diffusion of the charge reactants through the ZnSO₄ film to the reaction interfaces. The P22G phosphor exposed to the electron beam in an Ar ambient and to the other gas mixtures degraded at a lower rate than in the case of the O₂ ambient. This suggests that Ar and CO_x may suppress the degradation of the P22G phosphor powder.     

Molecular dynamics simulation of thermodynamic properties of NaCl at high pressures and temperatures

The expansivity, constant-pressure heat capacity, and isothermal bulk modulus of sodium chloride (NaCl) have been obtained by using molecular dynamics method. The calculated thermodynamic parameters are found to be in agreement with the available experimental data. At an extended temperature and pressure ranges, these parameters have also been predicted. The thermodynamic properties of NaCl are summarized in the pressure 0-500 kbar ranges and the temperature up to 1000 K.     

Vibration analysis of a beam with PCLD Patch

An analytical approach for vibration response analysis of a beam with single passive constrained layer damping (PCLD) patch is presented. The governing equation of motion of the beam is firstly derived on the basis of an energy approach and the Lagrange equation. The noval contribution is that a third admissible function is introduced to represent the longitudinal displacements of the constraining layer in the PCLD patch when the assumed-modes method is applied for discretizing the governing equation. In conventional analytical approaches, only two admissible functions are used together with a longitudinal static equilibrium equation of a section of base beam or constraining layer. Comparison of the computational results from the proposed analytical approach and the conventional analytical approach as well as a commercial FEM code reveals that the proposed analytical approach can describe the vibration responses of the damped beam more accurately for commonly used viscoelastic material (VEM) layer in the PCLD patch while the conventional analytical approach, in general, overestimates the damping effects of the PCLD patch. The advantages and disadvantages of the proposed analytical approach and conventional analytical approach are discussed through some case studies.     

A New Cohomology Theory of Orbifold

Based on the orbifold string theory model in physics, we construct a new cohomology ring for any almost complex orbifold. The key theorem is the associativity of this new ring. Some examples are computed.Both authors partially supported by the National Science Foundation     

神光Ⅱ上柱形黑腔辐射驱动冲击波

利用神光Ⅱ的八路三倍频激光装置，驱动柱形黑腔产生的x 射线作辐射源驱动台阶铝样品产生冲击波，获得了清晰的冲击波图像，通过冲击波过台阶样 品的时间差获得冲击波速度和压力分别为31.2km/s和17.5×10⁵MPa.采用软x射线能谱 仪通过激光注入孔测量的辐射温度与采用冲击波法测量辐射温度的结果一致. 关键词： 冲击波 辐射驱动 辐射温度     

单圈图的最大特征值序

主要讨论了单圈图按其最大特征值进行排序的问题，确定了该序的前六个图。     

The Characterisitic of Proton-Exchanged LiNbO3 Waveguide Formed by Different Proton Source

Benzoic acid as a source of proton is widely used in the technology of manufacture of proton exchanged ( PE) waveguide .But the diffusing speed of proton is too fast to make the waveguide stable in the pure benzoic acid. The characteristic of waveguide is improved with mixture of benzoic acid and lithium benzoate .