Charge Transfer Excitons and the Metal-Insulator Transition in the High   Temperature Superconductors
  The effects of the nearest neighbour Coulomb repulsion, V, are considered in the one dimensional copper-oxide chain using the modified Lanczos method. Above a critical value of V we find that charge transfer excitons are the lowest lying energy exitations in the insulating phase. Close to the metal-insulator transition and $V=0$ there is good `particle-hole' symmetry, showing that the mapping from a two band model to a one band model is appropriate. The effect of the nearest neighbour repulsion is to create states in the gap and to pin the Fermi level upon hole doping. 
C. Vermeulen, W. Barford and E. R. Gagliano