Performance of financial institutions in Bhutan

The Kingdom of Bhutan is a small landlocked country in South Asia, located in the eastern Himalayas, and bordered by India and China. Bhutan is a small and fragile economy with a population of about 687,000. Nevertheless, its banking system plays an essential role in the growth and development of the country. This paper analyzes the financial performance, the development and growth of bank and non-bank financial institutions of Bhutan for the period 1999-2008 using both traditional and data envelopment analysis (DEA). The DEA analysis shows that financial institutions in are efficient and Bhutan National Bank has been the most efficient one. Overall, the paper finds that the ROE of the financial institutions in Bhutan are comparable to the international banks.Bhutan, Financial institutions, Performance, Deposit, Net income

Commercialization of agriculture in the Himalayas

Increased market integration and commercialization of traditional agriculture in the Himalayas is part of a development strategy towards growth and better standard of living. More than 97 percent households depend upon agricultural and allied activities for livelihood which constitutes 30 percent of the household income. Given the importance of commercialization of agriculture to improve the productivity, per capita income and thereby the standard of living in the Himalayas, we examine the factors affecting the commercialization of agriculture on the basis of primary survey data. The results reveal that the land size, gender of the household head, livestock assets, ethnicity, education and location are important determinants of commercialization. Although commercialization of agriculture is considered as stimulated private-sector activity, public policy is essential to facilitate driving forces viz., trade and market reforms, rural infrastructure, and the institutional framework for legal and contractual arrangements between farmers and processors.Agriculture, Agricultural policy, Rural societies, Market, Household, India, Himalaya, Commercialization, Rural, Poverty, Production

Unexplored photoluminescence from bulk and mechanically exfoliated few layers of Bi2Te3

We report the exotic photoluminescence (PL) behaviour of 3D topological insulator Bi2Te3 single crystals grown by customized self-flux method and mechanically exfoliated few layers (18 plus minus 2 nm)/thin flakes obtained by standard scotch tape method from as grown Bi2Te3 crystals.The experimental PL studies on bulk single crystal and mechanically exfoliated few layers of Bi2Te3 evidenced a broad red emission in the visible region. These findings are in good agreement with our theoretical results obtained using the ab initio density functional theory framework.Comment: Main MS (17 Pages text including 4 Figs): Suppl. info. (4 pages); Accepted Scientific Report

Two quantum analogues of Fisher information from a large deviation viewpoint of quantum estimation

We discuss two quantum analogues of Fisher information, symmetric logarithmic derivative (SLD) Fisher information and Kubo-Mori-Bogoljubov (KMB) Fisher information from a large deviation viewpoint of quantum estimation and prove that the former gives the true bound and the latter gives the bound of consistent superefficient estimators. In another comparison, it is shown that the difference between them is characterized by the change of the order of limits.Comment: LaTeX with iopart.cls, iopart12.clo, iopams.st

Discovery of Lorentz-violating Weyl fermion semimetal state in LaAlGe materials

We report theoretical and experimental discovery of Lorentz-violating Weyl fermion semimetal type-II state in the LaAlGe class of materials. Previously type-II Weyl state was predicted in WTe2 materials which remains unrealized in surface experiments. We show theoretically and experimentally that LaAlGe class of materials are the robust platforms for the study of type-II Weyl physics.Comment: This paper reports theoretical prediction and experimental discovery together. A detailed theoretical paper describing the topology of the full family of X(Lanthanides)AlGe materials will follow. Other related papers can be found at http://physics.princeton.edu/zahidhasangroup/index_WS.htm

Inconsistency of the MLE for the joint distribution of interval censored survival times and continuous marks

This paper considers the nonparametric maximum likelihood estimator (MLE) for the joint distribution function of an interval censored survival time and a continuous mark variable. We provide a new explicit formula for the MLE in this problem. We use this formula and the mark specific cumulative hazard function of Huang and Louis (1998) to obtain the almost sure limit of the MLE. This result leads to necessary and sufficient conditions for consistency of the MLE which imply that the MLE is inconsistent in general. We show that the inconsistency can be repaired by discretizing the marks. Our theoretical results are supported by simulations.Comment: 27 pages, 4 figure

Comparison of the performance of photonic band-edge liquid crystal lasers using different dyes as the gain medium

The primary concern of this work is to study the emission characteristics of a series of chiral nematic liquid crystal lasers doped with different laser dyes (DCM, pyrromethene 580, and pyrromethene 597) at varying concentrations by weight (0.5-2 wt %) when optically pumped at 532 nm. Long-wavelength photonic band-edge laser emission is characterized in terms of threshold energy and slope efficiency. At every dye concentration investigated, the pyrromethene 597-doped lasers exhibit the highest slope efficiency (ranging from 15% to 32%) and the DCM-doped lasers the lowest (ranging from 5% to 13%). Similarly, the threshold was found to be, in general, higher for the DCM-doped laser samples in comparison to the pyrromethene-doped laser samples. These results are then compared with the spectral properties, quantum efficiencies and, where possible, fluorescence lifetimes of the dyes dispersed in a common nematic host. In accordance with the low thresholds and high slope efficiencies, the results show that the molar extinction coefficients and quantum efficiencies are considerably larger for the pyrromethene dyes in comparison to DCM, when dispersed in the liquid crystal host.open191

Densities and Excess Molar Volume for the Ternary Systems (1-Butyl-3-methylimidazolium methyl sulphate + Nitromethane + Methanol or Ethanol or 1-Propanol) at T = (303.15 and 313.15) K

The densities of the ternary systems containing the ionic liquid 1-butyl-3-methylimidazolium methyl sulphate ([BMIM]+[MeSO4]-) were determined. The ternary systems studied were ([BMIM]+[MeSO4]-+ nitromethane + methanol or ethanol or 1-propanol) at the temperatures (303.15 and 313.15) K. The ternary excess molar volumes were calculated from the experimental densities at each temperature, being negative for all mole fractions of the ionic liquid. The minimum ternary excess molar volumes increase with an increase in temperature for the systems ([BMIM]+[MeSO4]- + nitromethane + methanol or ethanol), and decrease for the system ([BMIM]+ [MeSO4]-+ nitromethane + 1-propanol). The results are interpreted in terms of the alcohol chain length and the intermolecular interactions.KEYWORDS Density, excess molar volume, ionic liquid, alcohol, nitromethane

Regularity Properties and Pathologies of Position-Space Renormalization-Group Transformations

We reconsider the conceptual foundations of the renormalization-group (RG) formalism, and prove some rigorous theorems on the regularity properties and possible pathologies of the RG map. Regarding regularity, we show that the RG map, defined on a suitable space of interactions (= formal Hamiltonians), is always single-valued and Lipschitz continuous on its domain of definition. This rules out a recently proposed scenario for the RG description of first-order phase transitions. On the pathological side, we make rigorous some arguments of Griffiths, Pearce and Israel, and prove in several cases that the renormalized measure is not a Gibbs measure for any reasonable interaction. This means that the RG map is ill-defined, and that the conventional RG description of first-order phase transitions is not universally valid. For decimation or Kadanoff transformations applied to the Ising model in dimension $d \ge 3$, these pathologies occur in a full neighborhood $\{ \beta > \beta_0 ,\, |h| < \epsilon(\beta) \}$ of the low-temperature part of the first-order phase-transition surface. For block-averaging transformations applied to the Ising model in dimension $d \ge 2$, the pathologies occur at low temperatures for arbitrary magnetic-field strength. Pathologies may also occur in the critical region for Ising models in dimension $d \ge 4$. We discuss in detail the distinction between Gibbsian and non-Gibbsian measures, and give a rather complete catalogue of the known examples. Finally, we discuss the heuristic and numerical evidence on RG pathologies in the light of our rigorous theorems.Comment: 273 pages including 14 figures, Postscript, See also ftp.scri.fsu.edu:hep-lat/papers/9210/9210032.ps.

Zone Melting Studies of Organic Eutectic Mixtures: Naphthalene-Catechol & Naphthalene-p-Chloronitrobenzene Systems

819-82