We investigate numerically the power-law random matrix ensembles. Wave func
tions are fractal up to a characteristic length whose logarithm diverges as
ymmetrically with different exponents, I in the localized phase and 0.5 in
the extended phase. The characteristic length is so anomalously large that
for macroscopic samples there exists a finite critical region, in which thi
s length is larger than the system size. The Green's functions decrease wit
h distance as a power law with an exponent related to the correlation dimen
sion.