• Proceedings of the Technology Innovation Conference
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• 2004.06a
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• pp.214-236
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• 2004

최근 국제 금융시장은 컴퓨터 및 통신분야의 기술진보로 비 은행금융기관에서도 상업은행에 의해서만 독점적으로 제공되었던 거래서비스를 결합한 새로운 금융서비스를 제공할 수 있게 되었고, 이는 곧 은행과 비 은행금융기관의 벽을 무너뜨리는 양자 간 동질화 현상을 유도하였으며 활발한 금융 겸업화 현상으로 금융혁신이라고 부를 만한 서비스분야의 기술혁신 성과를 거두게 되었다. 본 연구는 금융권간 판매채널 통합의 시작이라 평가되는 방카슈랑스를 중심으로 금융기관 간 겸업의 활성화를 통해 산업 간 동질화를 이루는 시점에서 금융혁신이 이루어진다고 설정, 금융서비스의 기술혁신 성과를 예측해 보았다 이를 위해 먼저 우리나라 대표 금융기관 격인 은행과 보험, 증권회사가 금융겸업을 이루는 경우 각 겸업 주체 기관의 혁신적인 성과를 실증 분석하도록 한다. 분석대상은 표본기간 중 국내 주식시장에 연속으로 상장되어 있는 모든 은행, 증권, 손해보험 49개를 대상으로 수행하였으며, 표본자료는 KIS-LINE이 제공하는 재무제표자료와 한국증권거래소에서 제공하는 주가데이터에서 추출하였다. 본 연구의 금융혁신 성과 분석은 두 단계로 이루어진다. 먼저 금융기관 간 가상 합병을 이용, 시뮬레이션 분석을 하고 그 결과 각 금융기관의 ROA와 자기자본비율 및 안전성(위험성지표)을 분석한다 다음 단계로 안전성이 보장되지 않는 경우 적정하게 추정된 안전성 내에서 경영 성과를 이루는 최적 기간에 대해 실물옵션평가(Real Option Valuation) 분석을 한다. 그 결과 금융겸업을 통한 혁신 성과는 은행 주체로 비 은행금융기관과 겸영하는 경우 이상적으로 잘 보여지며, 증권 주체로 보험업을 겸업하는 경우는 ROA 와 자기자본비율 면에서는 혁신적이나 안전성 면에서는 저해된다는 결과를 알아내었다. 그리고 이 같은 안전성의 위험은 증권업을 실행하는데 요구되는 수준의 안전성을 유지하는 경우 3 년간의 투자기간 후에는 혁신사업으로 발전할 수 있는 발판을 마련하게 된다고 추정하였다.

• Journal of the Economic Geographical Society of Korea
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• v.24 no.1
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• pp.102-121
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• 2021

Financial geography is an evolving subdiscipline in economic geography. This paper identifies and reviews three important 'waves' constitutive of the current state of financial geography: including the 'first' wave before 1990s when finance was regarded as a byproduct of the over-accumulation process in production sphere in the Marxist geographical political economy tradition; the 'second' wave in the mid-1990s during which financial geography was firmly established as a subdiscipline, influenced by the cultural turn and poststructuralist thoughts; and the most recent 'third' wave after the 2008~2009 global financial crisis that urged financial geographers to take power and politics more seriously and 're-politicize' with the analytical ideas of governmentality and financial subjectification from a neo-Foucauldian perspective. These waves have helped financial geography become a practice-oriented academic discourse, in which different philosophical thoughts, foci of analytical level and object, renditions of the subject, perceptions of power and politics, and geographies of finance and financialization coexist and also compete and contest one another.

• Proceedings of the Korea Water Resources Association Conference
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• 2018.05a
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• pp.85-85
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• 2018

국내 물시장의 포화상태 도래로 정부는 수자원 마스터 플랜 수립, 타당성 조사 등 물 관련 해외 프로젝트 발굴을 위한 지원체계를 강화하고, ODA 시장을 활용한 국내 기업의 해외시장 진출을 장려하고 있다. 한편 대륙별 ODA 시장규모를 살펴보면, 아프리카 시장이 전체 ODA 시장의 34%를 차지하며 가장 큰 시장을 형성하고 있을뿐만 아니라 연평균 4~5%의 지속적인 경제성장과, 인프라 수요 증가 등으로 시장으로써의 미래 전망이 밝다. 이에, 본 논고에서는 ODA 투자규모 중 가장 큰 시장을 형성하고 있는 아프리카 시장 중 모잠비크 물 사업을 중심으로 참여주체 및 재원 유형 등에 관하여 살펴보았다. 검토 결과, 모잠비크 시장은 첫째, ODA 물 사업 관련 향후 시장 전망이 매우 밝은 것으로 조사되었으며. 둘째, 모잠비크 정부 차원에서 다양한 투자자에 의한 사업 참여를 장려함에 따라 신규 사업을 준비하는 해외 사업자의 경우 결합금융 및 평행금융 그리고 결합금융과 평행금융이 혼재된 혼합금융 방식을 도입하는 것이 현지 시장 진출 및 리스크 분산에 도움이 되는 것으로 나타났다.

• International Area Studies Review
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• v.20 no.1
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• pp.105-125
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• 2016

The expansionary monetary policy was practiced after 2001 in Japan to treat the deflation spiral, and reduced only the nominal interest rates and domestic household demand. One of the most serious factors for this failure was the change of private sector's expectancy. This paper has studied the effect of Japanese monetary policy in 21c., with empirical research based on a renewed macroeconomic model and the VAR. The empirical analysis shows that the effect of monetary policy on the national income during 2001.01-2015.03 is weaker than that of 1985.01-1994.04. Money volume has a diminutive effect on the growth of GDP within a short term after 2001. The change in the expectations of the private sectors might have been the cause of ineffectiveness of the expansive monetary policy. Economic agents learned from the past Japanese financial crisis that an expansive monetary policy increased the inflation rate and caused the 'bubbles to burst' afterwards. The VAR analysis says that the effectiveness of monetary policy on the economic depression declined over the past 20 years and the expansion of money volume has no influence on exchange rate and net export. This means that the expansive monetary policy lost its effect on net export and national income steadily. Monetary policy makers have to recognize this fact, and to consider another anti-cycle political instrument, i.e. the fiscal policy with government debt.

• Proceedings of the Korean Information Science Society Conference
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• 2011.06c
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• pp.131-134
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• 2011

오늘날 국내 금융시장은 정택 및 규제에 대한 변화와 구조조정 및 인수 합병을 통한 금융회사의 대형화와 금융상품간의 복합 및 연계된 종합금융서비스를 제공하는 등의 급격한 환경 변화를 겪고 있다. 이러한 환경변화 속에서 금융 시스템 운영의 주체가 되는 마스터 데이터가 각각의 시스템에 개별적으로 관리되고 있어 이로 인해 금융 데이터의 품질 관리에 어려움이 생기게 되고 데이터의 중복 및 일관성에 문제가 생기게 되었다. 본 논문에서는 자크만 프레임워크를 활용한 통합 마스터 데이터 관리시스템을 제안한다. 이러한 마스터 데이터 관리를 통해 데이터 중복 및 데이터 정합성 보장, 시스템 연계간의 유연성을 확보하는 기대 효과를 예상할 수 있다.

• 사회경제평론
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• v.31 no.3
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• pp.165-201
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• 2018

According to F. Nietzsche and A. N. Whitehead, the fatal error of the modern Western ontology is to mistakenly assume that the structure of reality is the same as the structure of language, and to misplace the fictional linguistic subject as a realistic subject. This fictional concept of the subject is the concept of person. This paper will analyze how this fictional concept of person forms the basis for the development of modern finance. The historical period and place of analysis of the paper is England in the late 17th century. At this time and place, the modern form of banking began, and the concept of person was developed philosophically by English intellectuals, especially by John Locke. And at the same time, joint-stock companies and the English nation state acquired their independent abstract personhood. The fictional concept of person has reduced social relations to "exclusive property rights" and "creditor-debtor relations," and this reduction forms the ontological basis of modern finance. In modern finance where property rights and creditors' rights are mixed, property owners excercise exclusive property rights but avoid responsibility for the exercise by being transformed to creditors. Furthermore, property owners' privilege were extended when the modern groups-joint-stock companies and the nation state-who are endowed with eternal and independent personhood are reduced to debtors for the property owners.

• Journal of Digital Convergence
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• v.11 no.1
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• pp.13-25
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• 2013

After studying FSMA 24, We found that the insolvency rule of financial institutions in FSMA consists of eight provisions: 1) voluntary arrangement, 2) administration order, 3) receiverships, 4) voluntary winding up, 5) winding up by the court, 6) bankruptcy, 7) provisions against debt avoidance, and 8) supplemental provisions in insurance cases. Insolvency provisions in FSMA explain powers and accountabilities of FSA in relation to these insolvency proceedings. Although there are some differences in proceedings, provisions entitle FSA the same status as creditors to petition the court, with a right to participate in related meetings and to be notified of any matters involving insolvency proceedings. The differences and implications between U.K.'s FSMA and Korean regulations are related to the insolvency rule of financial institutions. First, in FSMA, FSA has a comprehensive power to manage insolvency proceedings of financial institutions in a centralized way. However, Korean regulations have special laws to regulate insolvency in a decentralized way. The offices executing those laws are the Financial Services Committee, the Financial Supervisory Service, and the Financial Deposit Insurance Corporation. This characteristic results from an accelerated legislation procedures related to financial reform in 1997 Korean financial crisis. Second, FSA contains special provisions on continuation of contracts of long-term insurance considering the characteristics of insurance industry related to insolvency of financial institution. However, Korean insolvency rules applied to financial institutions do not consider industrial differences and the characteristics of financial contracts, so need to be supplemented in the future.

• Korean Journal of Construction Engineering and Management
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• v.15 no.2
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• pp.112-121
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• 2014

After IMF bailout crisis in Korea, project financing has been employed as a major funding vehicle for the housing development. In 2008, the recession of housing market due to the global financial crisis had an significant impact on the increasing insolvent site of PF based housing development project, resulting in serious impact to whole economy as a chain effect. In order to resolve this vicious circle of bankruptcy, the major construction companies were urged to take over the insolvent sites and invest to them for normal project exit, and finally play a critical role in normalization of market. Therefore, this study aims to define the core factors for decision making to invest to insolvent site and find out differences among constructors, developers, financial lenders. The results from AHP analysis, the profitability was the most important factor to constructors. Moreover, even though the location merit is little less, through competitive price, we can assure that stable profitability is most important factor to decide to invest in insolvent site. In conclusion, the price is cheap, is highly feasible, if the land secured, major construction company will participate in a PF business investment. These findings were verified by the investment case of major construction company.

• 해운
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• s.85
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• pp.11-17
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• 2011

국가부채에 대한 불안감이 확산되고 선진국의 재정긴축기조가 본격화되면서 세계경제는 올 하반기 이후 성장활력이 낮아질 것으로 예상된다. 리먼쇼크 당시 위기해결사로 나섰던 정부 부문이 부채급증으로 경기를 떠받치는 능력이 약화되어 선진국 가계와 기업의 수요 심리가 쉽게 살아나기 어려울 전망이다. 선진국의 소비 및 투자부진은 세계교역과 금융시장 불안정성 확대, 경제주체들의 기대심리 악화 등을 통해 세계경제로 파급될 것이다. 중국 등 거대개도국이 제한적으로 버팀목 역할을 하면서 급격한 침체는 막을 것이지만 세계경제 성장률은 지난해 5% 수준에서 올해와 내년에는 3%대 중반까지 낮아질 것으로 예상된다. 금융위기 이후 세계경제와 유사한 흐름을 보이고 있는 국내경제도 성장세가 둔화될 전망이다. 다음은 LG경제정책연구원에서 발표한 "2012년 경제전망"의 주요 내용을 정리 요약한 것이다.

• Asia-Pacific Journal of Business Venturing and Entrepreneurship
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• v.19 no.1
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• pp.135-142
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• 2024

This study analyzed the effects of the NIE (Newspaper in Education) learning method on the financial education of college students, focusing on how financial literacy impacts financial management behavior. For this purpose, college students enrolled in finance courses were divided into two groups: the experimental group, which participated in the NIE program, and the control group, which did not. After implementing the NIE program, independent sample t-tests and multiple regression analyses were conducted. The results of the study are as follows: First, in terms of sub-elements of financial literacy, the financial attitude in the experimental group was higher than in the control group. Second, there was no significant difference between the two groups in terms of financial knowledge and behavior. Third, in the experimental group, financial knowledge had a significant positive effect on financial management behavior. The results of this study confirmed that the NIE learning method is considerably effective in financial education, which is essential for college students to fulfill their role as economic agents leading sound financial lives.