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Published online by Cambridge University Press: 12 April 2016
We review those processes associated with accretion discs that are probably influenced by magnetic fields, specifically, accretiondisc viscosity, energy dissipation and jet formation. We consider how magnetic instabilities in the disc can lead to a self-sustaining dynamical dynamo and how this is manifested as magnetohydrodynamic turbulence in numerical simulations. We show that currently these models do not fit with observational constraints imposed by dwarf-nova outbursts. We also show that the drop in ionisation fraction does not lead to the apparently necessary drop in viscosity in quiescent cataclysmic variable discs. Large-scale magnetic fields are required to launch and collimate jets form discs. We describe an inverse cascade process that can construct sufficient large-scale field from small-scale field generated by a dynamo.