We re-examine the effect of electron-electron interactions on the persistent current in mesoscopic metal rings threaded by an Aharonov-Bohm Bur. The exchange contribution to the current is shown to be determined by the weak localization correction to the polarization. We explicitly calculate the contribution from exchange interactions with momentum transfers smaller than the inverse elastic mean free path to the average current, and find that it has the same order of magnitude as the canonical current without interactions. (C) 1998 Elsevier Science B.V. [References: 23]
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