The properties of states generated by the application of the two-mode squeeze operator to the pair coherent states are studied. These states are the two-mode analogues of the single-mode squeezed states generated by the application of the single-mode squeeze operator to an ordinary coherent state. In the present case there are correlations between the modes and strong non-classical properties are to be expected. We study the statistical properties of the photon number distributions, squeezing, violations of the Cauehy-Schwartz inequality, quasiprobability distributions and the phase distributions.
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