  The Dynamical Franz-Keldysh Effect is exposed by exploring near-bandgap
absorption in the presence of intense THz electric fields. It bridges the gap
between the DC Franz- Keldysh effect and multi-photon absorption and competes
with the THz AC Stark Effect in shifting the energy of the excitonic resonance.
A theoretical model which includes the strong THz field non-perturbatively via
a non-equilibrium Green Functions technique is able to describe the Dynamical
Franz-Keldysh Effect in the presence of excitonic absorption.
