We have investigated the effect of many-body correlations on propertie
s of coupled electron-hole quantum wires using a Singwi-Tosi-Land-Sjol
ander approach. At r(s)=4 the acoustic collective made traverses the s
ingle-electron excitation region as a narrow resonance peak and reemer
ges in the undamped region on the high-q side of the excitation region
. The acoustic collective mode, but not the optic mode, is sensitive t
o the separation between the wires, For r(s)>2.5 the effective interac
tion acting between the electrons which is mediated by the heavier hol
es becomes attractive when the separation between the wires drops to a
critical value. For 0.8 less than or equal to r(s) less than or equal
to 2.5 we detect a charge-density-wave ground state for small wire se
parations.