2006年The Leading Edge第一期详细介绍了磁力梯度张量的理论、仪器与野外试验结果,磁力梯度张量技术已成为磁力勘探新的热点之一。笔者介绍了磁力梯度张量的概念及优点;利用频率域与空间域方法把井中三分量磁测资料换算磁力梯度张量;...2006年The Leading Edge第一期详细介绍了磁力梯度张量的理论、仪器与野外试验结果,磁力梯度张量技术已成为磁力勘探新的热点之一。笔者介绍了磁力梯度张量的概念及优点;利用频率域与空间域方法把井中三分量磁测资料换算磁力梯度张量;根据联合反演原理与欧拉反褶积方法,推导了磁力梯度张量的联合反演方程,该方程通过权函数矩阵可以灵活对一个或多个分量反演,比文献[14]方法更具普遍性。理论模型结果表明,磁力梯度张量反演方法对井底异常的定位准确,对于3D模型,一口钻井的资料也能较好确定空间位置。将该方法用于湖北大冶铁矿18-2井三分量磁测资料的解释,得出磁力梯度张量的欧拉解集中在100～180 m与500～550 m两个深度,与钻探结果十分吻合。该结果证实了地质上关于铁矿体分布具两个台阶的推论,对大冶铁矿的深部找矿具有实际意义。展开更多
In October 1996, The Dhaka Stock Exchange （DSE） adopted trading halts for individual stocks, collectively known as ＂circuit breakers＂, to reduce the stock market volatility. This paper reviews the existing circuit...In October 1996, The Dhaka Stock Exchange （DSE） adopted trading halts for individual stocks, collectively known as ＂circuit breakers＂, to reduce the stock market volatility. This paper reviews the existing circuit breakers literature and developed five hypothesis--＂Magnet Effect＂, ＂Cool off-Heating （C-H） Effect＂, ＂Information Hypothesis＂, ＂Volatility Spillover Hypothesis＂ and ＂Trading Interferences Hypothesis＂--which could be tested empirically not only in the Dhaka Stock Exchange but any stock exchanges around the world. This paper also suggests most appropriate econometric models for empirical testing. GARCH for inter day data and Event Study methodology for intra day data. Moreover, to test the robustness non-parametric tests need to use along with parametric one. Considering the stock market bubbles in 1996, it has been found that it was optimal for the regulators to adopt this trading halt, but not for the market. It failed to protect the market. However, this might be the consequences of misconceptions about the purpose and effectiveness of circuit breakers. Despite many arguments contrary to this mechanism and absence of any conclusive empirical evidence for a fragile stock exchange like DSE, it may be useful sometimes to replace the ＂invisible hand of the marketplace＂ with the ＂visible hand of the market regulators＂.展开更多
文摘2006年The Leading Edge第一期详细介绍了磁力梯度张量的理论、仪器与野外试验结果,磁力梯度张量技术已成为磁力勘探新的热点之一。笔者介绍了磁力梯度张量的概念及优点;利用频率域与空间域方法把井中三分量磁测资料换算磁力梯度张量;根据联合反演原理与欧拉反褶积方法,推导了磁力梯度张量的联合反演方程,该方程通过权函数矩阵可以灵活对一个或多个分量反演,比文献[14]方法更具普遍性。理论模型结果表明,磁力梯度张量反演方法对井底异常的定位准确,对于3D模型,一口钻井的资料也能较好确定空间位置。将该方法用于湖北大冶铁矿18-2井三分量磁测资料的解释,得出磁力梯度张量的欧拉解集中在100～180 m与500～550 m两个深度,与钻探结果十分吻合。该结果证实了地质上关于铁矿体分布具两个台阶的推论,对大冶铁矿的深部找矿具有实际意义。
文摘In October 1996, The Dhaka Stock Exchange （DSE） adopted trading halts for individual stocks, collectively known as ＂circuit breakers＂, to reduce the stock market volatility. This paper reviews the existing circuit breakers literature and developed five hypothesis--＂Magnet Effect＂, ＂Cool off-Heating （C-H） Effect＂, ＂Information Hypothesis＂, ＂Volatility Spillover Hypothesis＂ and ＂Trading Interferences Hypothesis＂--which could be tested empirically not only in the Dhaka Stock Exchange but any stock exchanges around the world. This paper also suggests most appropriate econometric models for empirical testing. GARCH for inter day data and Event Study methodology for intra day data. Moreover, to test the robustness non-parametric tests need to use along with parametric one. Considering the stock market bubbles in 1996, it has been found that it was optimal for the regulators to adopt this trading halt, but not for the market. It failed to protect the market. However, this might be the consequences of misconceptions about the purpose and effectiveness of circuit breakers. Despite many arguments contrary to this mechanism and absence of any conclusive empirical evidence for a fragile stock exchange like DSE, it may be useful sometimes to replace the ＂invisible hand of the marketplace＂ with the ＂visible hand of the market regulators＂.
