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.     

Energy of formation for and liquid binary alloys

We have investigated the free energy of formation for Ag_xIn_1-x and Ag_xSn_1-x liquid binary alloys at temperatures 1173 and 1250 K, respectively. A microscopic theory based on the first order perturbation has been applied. The interionic interaction and a reference liquid are the fundamental components of the theory. The interionic interaction is described by a local pseudopotential. A liquid of hard spheres (HS) of two different effective diametres and charges is used to describe the reference system. The results of the calculations for energy of formation agree very well with the available experimental data. Our calculations also reveal that a simple perturbative approach along with appropriate effective pair potentials can produce nearly quantitative results for the concerned alloys.     

Cosmological Consequences of Scale-Related Comoving Masses for Cosmic Pressure, Mass, and Vacuum Energy Density

According to ideas of Mach, Whitrow, Dirac, or Hoyle, inertial masses of particles should not be a genuine, predetermined quantity; rather they should represent a relational quantity which by its value somehow reflects the deposition and constellation of all other objects in their cosmic environment. In this paper we want to pick up suggestions given by Thirring and by Hoyle of how, due to requirements of the equivalence of rotations and of general relativistic conformal scale invariance, the particle masses of cosmic objects should vary with the cosmic length scale. We study cosmological consequences of comoving cosmic masses which co-evolve by mass with the expansion of the universe. The vanishing of the covariant divergence of the cosmic energy-momentum tensor under the new prerequisite that matter density only falls off with the reciproke of the squared cosmic scale S(t) then leads to the astonishing result that cosmic pressuredoes not fall off adiabatically but rather falls off in a quasi-isothermal behaviour, varying with S(t) as matter density does. Hence, as a new cosmological fact, it arises that, even in the late phases of cosmic expansion, pressure cannot be neglected what concerns its gravitational action on the cosmic dynamics. We then show that under these conditions the cosmological equations can, however, only be solved if, in addition to matter, also pressure and energy density of the cosmic vacuum are included in the calculation. An unaccelerated expansion with a Hubble parameter falling off with S(t)⁻¹ is obtained for a vacuum energy density decay according to S(t)⁻² with a well-tuned proportion of matter and vacuum pressures. As it appears from these results, a universe with particle masses increasing with the cosmic sale S(t) is in fact physically conceivable in an energetically consistent manner, if vacuum energy at the expansion of the universe is converted into mass density of real matter with no net energy loss occuring. This universe in addition also happens to be an economical one which has and keeps a vanishing total energy.     

Vibrational EELS and DFT study of propionic acid and pyruvic acid on Ni(1 0 0): Effects of keto group substitution on room-temperature adsorption and thermal chemistry

The room-temperature adsorption and thermally induced processes of propionic acid and pyruvic acid on Ni(1 0 0) have been investigated by electron energy loss spectroscopy (EELS). Computational vibrational analysis of the optimized bidentate structures for acid-Ni model complexes (involving the organic acid and a Ni atom) has been performed by using the two-layer ONIOM method with the Density Functional Theory and used to interpret the vibrational EELS data. Dehydrogenation of the hydroxyl group is found to result in bonding of the carboxylate group in the propionate and pyruvate adspecies to either a single Ni surface atom in a bidentate configuration or two neighbouring Ni atoms in a bridge configuration. Given the similarities in the total energies and related vibrational frequencies obtained by the calculations in the case of pyruvate adspecies, it is difficult to differentiate the alternate adsorption structure, in which the keto O and hydroxyl O atoms are bonded to a Ni atom in a five-member chelate ring configuration. Furthermore, temperature-dependent EELS studies show that both the propionate and pyruvate adspecies could decompose upon annealing to above 400 K and further dissociate to CO adspecies above 550 K and to C and/or O above 600 K.     

Sobolev-Type Classes of Functions with Values in a Metric Space. II

We prove equivalence of the definitions by the author and by Korevaar and Schoen of the Sobolev classes of mappings of a domain of an arithmetic n-dimensional space to a metric space.     

CuPc molecules adsorbed on Au(1 1 0)-(1 × 2): growth morphology and evolution of valence band states

We present the growth morphology, the long-range ordering, and the evolution of the valence band electronic states of ultrathin films of copper phthalocyanine (CuPc) deposited on the Au(1 1 0)-(1 × 2) reconstructed surface, as a function of the organic molecule coverage. The low energy electron diffraction patterns present a (5 × 3) reconstruction from the early adsorption stages. High-resolution UV photoelectron spectroscopy data show the disappearance of the Au surface states related to the (1 × 2) reconstruction, and the presence of new electronic features related to the molecule-substrate interaction and to the CuPc molecular states. The CuPc highest occupied molecular orbital gradually emerges in the valence band, while the interface electronic states are quenched, upon increasing the coverage.     

Surface free energies of electroless Ni–P based composite coatings

Surface free energy of a solid surface gives a direct measure of intermolecular interactions at interfaces and has a strong influence on adsorption and adhesion behaviour. However few data are available for the surface free energies of electroless Ni–P based composition coatings. In this paper, the electroless Ni–P, Ni–P-surfactant, Ni–Cu–P, Ni–P–PTFE and Ni–Cu–P–PTFE composite coatings were prepared under various coating conditions. The chemical compositions, surface morphology and thickness of the coatings were measured using an energy dispersive X-ray microanalysis (EDX), a scanning electron microscope (SEM) and a digital micrometer respectively. The contact angles of water, diiodomethane and ethylene glycol on the coatings were measured automatically using dataphysics OCA-20 contact angle analyser. The surface free energy of the coatings and their components (e.g. dispersion, polar or acid/base portions) were calculated using various methods. The experimental results showed that the incorporation of surfactant or PTFE particles into Ni–P matrixes has a significant influence on the surface free energy of the coatings, while the incorporation of copper into Ni–P matrixes has no significant influence on the surface free energy of the coatings.     

双核系统核子转移驱动势与复合核的最佳激发能

计算了以208Pb为靶的一系列重离子熔合反应双核系统核子转移驱动势.它制约由输运方程所支配的核子转移速率,因而确定了双核系统形成复合核的几率.并由此可确定形成复合核所必须的最低激发能,即形成最稳定复合核的最佳激发能,得到了与已知实验值基本符合的结果. Particle transfer driven potentials in Di nuclear System (DNS) in heavy ion collisions based on 208Pb target are calculated. The driven potential controls the particle transfer velocity in the process governed by the diffusion equation, and as a consequence determines the compound nuclear formation probability of DNS. The minimum excitation energy to form a compound nucleus, which is the optimum excitation energy to form the most stable compound nucleus, has been calculated, and the results are basica...     

Review of chiral perturbation theory

A review of chiral perturbation theory and recent developments on the comparison of its predictions with experiment is presented. Some interesting topics with scope for further elaboration are touched upon.