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We use the theory of complex networks in order to quantitatively characterize the formation of communities in a particular financial market. The system is composed by different banks exchanging on a daily basis loans and debts of liquidity. Through topological analysis and by means of a model of network growth we can determine the formation of different group of banks characterized by different business strategy. The model based on Pareto's Law makes no use of growth or preferential attachment and it reproduces correctly all the various statistical properties of the system. We believe that this network modeling of the market could be an efficient way to evaluate the impact of different policies in the market of liquidity., Comment: 5 pages 5 figures

We report on the photometric, spectroscopic and polarimetric, monitoring of the optical afterglow of Gamma-Ray Burst (GRB) 030328 detected by HETE-2. Photometry, collected at 7 different telescopes, shows that a smoothly broken powerlaw decay, with indices alpha_1 = 0.76 +/- 0.03, alpha_2 = 1.50 +/- 0.07 and a break at t_b = 0.48 +/- 0.03 days after the GRB, provides the best fit of the optical afterglow decline. This shape is interpreted as due to collimated emission, for which we determine a jet opening angle theta_{jet} of about 3.2 degrees. An achromatic bump starting around 0.2 d after the GRB is possibly marginally detected in the optical light curves. Optical spectroscopy shows the presence of two rest-frame ultraviolet metal absorption systems at z = 1.5216 +/- 0.0006 and at z = 1.295 +/- 0.001, the former likely associated with the GRB host galaxy. Analysis of the absorption lines at z = 1.5216 suggests that the host of this GRB may be a Damped Lyman-alpha Absorber. The optical V-band afterglow appears polarized, with P= (2.4 +/- 0.6) % and theta = (170 +/- 7) degrees, suggesting an asymmetric blastwave expansion. An X-ray-to-optical spectral flux distribution of the GRB 030328 afterglow was obtained at 0.78 days after the GRB and fitted using a broken powerlaw, with an optical spectral slope beta_{opt} = 0.47 +/- 0.15, and an X-ray slope beta_{X} = 1.0 +/- 0.2. The discussion of these results in the context of the "fireball model" shows that the preferred scenario for this afterglow is collimated structured jet with fixed opening angle in a homogeneous medium., Comment: 14 pages, 6 figures, 3 tables, accepted for publication on A&A, main journal. Abstract changed to comply with the new format of A&A abstracts

We present photometry and spectroscopy of the afterglow of GRB 030323. VLT spectra of the afterglow show damped Lya (DLA) absorption and low- and high-ionization lines at a redshift z=3.3718+-0.0005. The inferred neutral hydrogen column density, log N(HI)=21.90+-0.07, is larger than any (GRB- or QSO-) DLA HI column density inferred directly from Lya in absorption. From the afterglow photometry, we derive a conservative upper limit to the host-galaxy extinction: A(V)<0.5 mag. The iron abundance is [Fe/H]=-1.47+-0.11, while the metallicity of the gas as measured from sulphur is [S/H]=-1.26+-0.20. We derive an upper limit on the H2 molecular fraction of 2N(H2)/(2N(H2)+N(HI))<~10^-6. In the Lya trough, a Lya emission line is detected, which corresponds to a star-formation rate (not corrected for dust extinction) of roughly 1 Msun per year. All these results are consistent with the host galaxy of GRB 030323 consisting of a low metallicity gas with a low dust content. We detect fine-structure lines of silicon, SiII*, which have never been clearly detected in QSO-DLAs; this suggests that these lines are produced in the vicinity of the GRB explosion site. Under the assumption that these fine-structure levels are populated by particle collisions, we estimate the HI volume density to be n_HI=100-10000 cm^-3. HST/ACS imaging 4 months after the burst shows an extended AB(F606W)=28.0+-0.3 mag object at a distance of 0.14" (1kpc) from the early afterglow location, which presumably is the host galaxy of GRB 030323., Comment: 15 pages, 7 figures, accepted for publication in A&A

We report on the results of the QW Ser campaign which has been continued from 2000 to 2003 by the VSNET collaboration team. Four long outbursts and many short ones were caught during this period. Our intensive photometric observations revealed superhumps with a period of 0.07700(4) d during all four superoutbursts, proving the SU UMa nature of this star. The recurrence cycles of the normal outbursts and the superoutbursts were measured to be $\sim$50 days and 240(30) days, respectively. The change rate of the superhump period was -5.8x10^{-5}. The distance and the X-ray luminosity in the range of 0.5-2.4 keV are estimated to be 380(60) pc and log L_x = 31.0 \pm 0.1 erg s^{-1}. These properties have typical values for an SU UMa-type dwarf nova with this superhump period., Comment: 9 pages, 12 figures, to appear in the VSNET special issue of PASJ

We report precise measures of the orbital and superhump period in twenty more dwarf novae. For ten stars, we report new and confirmed spectroscopic periods - signifying the orbital period P_o - as well as the superhump period P_sh. These are GX Cas, HO Del, HS Vir, BC UMa, RZ Leo, KV Dra, KS UMa, TU Crt, QW Ser, and RZ Sge. For the remaining ten, we report a medley of P_o and P_sh measurements from photometry; most are new, with some confirmations of previous values. These are KV And, LL And, WX Cet, MM Hya, AO Oct, V2051 Oph, NY Ser, KK Tel, HV Vir, and RX J1155.4-5641. Periods, as usual, can be measured to high accuracy, and these are of special interest since they carry dynamical information about the binary. We still have not quite learned how to read the music, but a few things are clear. The fractional superhump excess epsilon [=(P_sh-P_o)/P_o] varies smoothly with P_o. The scatter of the points about that smooth curve is quite low, and can be used to limit the intrinsic scatter in M_1, the white dwarf mass, and the mass-radius relation of the secondary. The dispersion in M_1 does not exceed 24%, and the secondary-star radii scatter by no more than 11% from a fixed mass-radius relation. For the well-behaved part of epsilon(P_o) space, we estimate from superhump theory that the secondaries are 18+-6% larger than theoretical ZAMS stars. This affects some other testable predictions about the secondaries: at a fixed P_o, it suggests that the secondaries are (compared with ZAMS predictions) 40+-14% less massive, 12+-4% smaller, 19+-6% cooler, and less luminous by a factor 2.5(7). The presence of a well-defined mass-radius relation, reflected in a well-defined epsilon(P_o) relation, strongly limits effects of nuclear evolution in the secondaries., Comment: PDF, 62 pages, 7 tables, 21 figures; accepted, in press, to appear November 2003, PASP; more info at http://cba.phys.columbia.edu/

The black hole X-ray binary V4641 Sgr experienced an outburst in 2002 May which was detected at X-ray, optical, and radio wavelengths. The outburst lasted for only 6 days, but the object remained active for the next several months. Here we report on the detailed properties of light curves during the outburst and the post-outburst active phase. We reveal that rapid optical variations of ~100 s became more prominent when a thermal flare weakened and the optical spectrum flattened in the Ic, Rc, and V-band region. In conjunction with the flat spectrum in the radio range, this strongly indicates that the origin of rapid variations is not thermal emission, but synchrotron emission. Just after the outburst, we detected repeated flares at optical and X-ray wavelengths. The optical and X-ray light curves exhibited a strong correlation, with the X-rays, lagging by about 7 min. The X-ray lag can be understood in terms of a hot region propagating into the inner region of the accretion flow. The short X-ray lag, however, requires modifications of this simple scenario to account for the short propagation time. We also detected rapid optical variations with surprisingly high amplitude 50 days after the outburst, which we call optical flashes. During the most prominent optical flash, the object brightened by 1.2 mag only within 30 s. The released energy indicates that the emission source should be at the innermost region of the accretion flow., Comment: 17 pages, 11 figures, PASJ accepted

After 10 years of quiescence, HV Vir underwent a superoutburst in January 2002. We report time-series observations clearly revealing the period change of ordinary superhumps during the superoutburst. We derived a mean superhump period of 0.058260 d and a positive period derivative of $7 \times 10^{-5}$. These results are in good agreement with the value obtained from the 1992 superoutburst. We also detected early superhumps, which were not clearly recognized in the past outburst, and a possible rebrightening. Both of them are the common characteristics of WZ Sge-type stars., Comment: 9 pages, 8 figures. Accepted for publication in PASJ

An intensive photometric-observation campaign of the recently discovered SU UMa-type dwarf nova, Var73 Dra was conducted from 2002 August to 2003 February. We caught three superoutbursts in 2002 October, December and 2003 February. The recurrence cycle of the superoutburst (supercycle) is indicated to be $\sim$60 d, the shortest among the values known so far in SU UMa stars and close to those of ER UMa stars. The superhump periods measured during the first two superoutbursts were 0.104885(93) d, and 0.10623(16) d, respectively. A 0.10424(3)-d periodicity was detected in quiescence. The change rate of the superhump period during the second superoutburst was $1.7\times10^{-3}$, which is an order of magnitude larger than the largest value ever known. Outburst activity has changed from a phase of frequent normal outbursts and infrequent superoutbursts in 2001 to a phase of infrequent normal outbursts and frequent superoutbursts in 2002. Our observations are negative to an idea that this star is an related object to ER UMa stars in terms of the duty cycle of the superoutburst and the recurrence cycle of the normal outburst. However, to trace the superhump evolution throughout a superoutburst, and from quiescence more effectively, may give a fruitful result on this matter., Comment: 9 pages, 8 figures, submitted to A&A

We observed the entire course of the 1998 outburst of V592 Her, which was originally reported as a nova in 1968. We have been able to construct a full light curve of the outburst, which is characterized by a rapid initial decline (0.98 mag/d), which smoothly developed into a plateau phase with a slower linear decline. We detected superhumps characteristic to SU UMa-type dwarf novae ~7 d after the optical maximum. The overall behavior of the light curve and the development of superhumps were characteristic to a WZ Sge-type dwarf nova. Combined with the past literature, we have been able to uniquely determine the superhump period to be 0.05648(2) d. From this period, together with a modern interpretation of the absolute magnitude of the outburst light curve, we conclude that the overall picture of V592 Her is not inconsistent with a lower main-sequence secondary star in contrast to a previous claim that V592 Her contains a brown dwarf., Comment: 10 pages, 7 figures, accepted for publication in Publ. Astron. Soc. Japan

We report the results of a worldwide campaign to observe WZ Sagittae during its 2001 superoutburst. After a 23-year slumber at V=15.5, the star rose within 2 days to a peak brightness of 8.2, and showed a main eruption lasting 25 days. The return to quiescence was punctuated by 12 small eruptions, of ~1 mag amplitude and 2 day recurrence time; these "echo outbursts" are of uncertain origin, but somewhat resemble the normal outbursts of dwarf novae. After 52 days, the star began a slow decline to quiescence. Periodic waves in the light curve closely followed the pattern seen in the 1978 superoutburst: a strong orbital signal dominated the first 12 days, followed by a powerful /common superhump/ at 0.05721(5) d, 0.92(8)% longer than P_orb. The latter endured for at least 90 days, although probably mutating into a "late" superhump with a slightly longer mean period [0.05736(5) d]. The superhump appeared to follow familiar rules for such phenomena in dwarf novae, with components given by linear combinations of two basic frequencies: the orbital frequency omega_o and an unseen low frequency Omega, believed to represent the accretion disk's apsidal precession. Long time series reveal an intricate fine structure, with ~20 incommensurate frequencies. Essentially all components occurred at a frequency n(omega_o)-m(Omega), with m=1, ..., n. But during its first week, the common superhump showed primary components at n (omega_o)-Omega, for n=1, 2, 3, 4, 5, 6, 7, 8, 9 (i.e., m=1 consistently); a month later, the dominant power shifted to components with m=n-1. This may arise from a shift in the disk's spiral-arm pattern, likely to be the underlying cause of superhumps. The great majority of frequency components ... . (etc., abstract continues), Comment: PDF, 54 pages, 4 tables, 21 figures, 1 appendix; accepted, in press, to appear July 2002, PASP; more info at http://cba.phys.columbia.edu/

We discovered the optical counterpart about 13 mag of a soft X-ray transient, XTE J1118+480 on 2000 March 30. We perform astrometry and provide the accurate position as R.A. = 11h18m10s.85, Decl. = +48o02'12".9. The outbursting object is identified with a 18.8 mag star in USNO catalog. Our pre-discovery data shows another outburst during 2000 January, again coinciding with an outburst detected in X-rays. Through the CCD time-series photometry, we found the presence of a periodic variation with the amplitude of 0.055 mag and the period of 0.17078(0.00004)d which we consider as promising candidate of orbital period. Because of the high galactic latitude and faint quiescence magnitude of 18.8, XTE J1118+480 is the possible first firmly identified black hole candidate (BHC) X-ray transient in the galactic halo., Comment: 5 pages, 4 figures, accepted for the publication in PASJ letter