We study currents in a quantum ring threaded by a magnetic fluxwhich is varied in an arbitrary way from an initial constant valueϕ1 at timet1 to a final constantvalue ϕ2 at timet2. We analyze how theinduced currents for t > t2 can be controlled by the rate of flux variation . The dynamics of electrons in the ring is described using the Hubbard and the extendedHubbard models. In the Hubbard model with infinite on-site repulsion the current fort > t2 is shown to be independent of the flux variation beforet2 and is fully determined by a solution of the initial equilibrium problem and by the valueϕ2 of the flux. For intermediate values of the interaction strength the current displays regularor irregular time oscillations and the amplitude of oscillations is sensitive to the rate of theflux changing : slow changes of the flux result in small amplitudes of the current oscillations and viceversa. We demonstrate that the time dependence of the induced current bears informationon electronic correlations. Our results have important implications for not only mesoscopicrings but also the designing of quantum motors built out of ring-shaped optical lattices.
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