We show that several novel effects related to persistent currents can
arise in open systems, which have no analogue in closed or isolated sy
stems. We have considered a system of a metallic ring coupled to two e
lectron reservoirs. We show that in the presence of a transport curren
t, persistent currents can flow in a ring even in the absence of magne
tic field. This is related to the current magnification effect in the
ring. In the presence of a magnetic field we show that the amplitude o
f persistent currents is sensitive to the direction of current flow fr
om one reservoir to another. Finally, we briefly discuss the persisten
t currents arising due to two nonclassical effects namely, Aharonov-Bo
hm effect and quantum tunneling.