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90년대(年代) 국내(國內) 금융기관(金融機關)의 환율위험(換率危險) 분석(分析) -주가(株價)의 환율탄력성(換率彈力性)을 중심(中心)으로-

  • Ham, Jun-Ho;Yu, Jae-Gyun
    • KDI Journal of Economic Policy
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    • v.21 no.2
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    • pp.55-103
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    • 1999
  • 본 연구의 목적은 외환위기의 주요 파급경로 중 하나인 금융부문의 환율위험 노출현상을 90년대 우리나라의 실제 데이터를 통하여 실증분석함에 있다. 동 연구를 수행함에 있어 장부상 나타나는 회계적 환율위험 대신 간접적인 경제적 위험을 포함하는 포괄적 환율위험을 분석의 대상으로 정의하고, 시장에서 평가되는 금융기관의 기업가치가 환율변동에 얼마나 민감하게 노출되어 있는가를 동 위험의 측정수단으로 채택하였다. 또한 랜덤워크모형과 더불어 일종의 자본자산가격결정모형(CAPM)에 환율위험요인을 추가하여 모형을 구성함으로써 실증분석의 이론적 적합성을 제고하였다. 시장평균환율제도가 채택된 90년 3월부터 최근까지를 표본기간으로 한 실증분석 결과는 다음과 같이 요약가능하다. 첫째, 산업별로는 은행 및 보험산업이 비교적 환율위험에 노출되지 않았던 반면, 종금 및 증권산업은 환율위험에 상대적으로 크게 노출되어 있었으며, 동 노출의 방향은 원화가치의 절하가 금융기관의 시장가치에 부정적인 영향을 미치는 방향으로 노출되어 있었다. 둘째, 종금 및 증권산업의 경우 95년 이전보다는 이후의 시기에 환율위험에 대한 노출도가 유의하게 나타나 90년대 후반기에 가속화된 자본거래 자유화가 이들 금융기관의 환율위험 노출정도를 증가시켰을 가능성을 시사하고 있다. 셋째, 은행 및 종금부문을 대상으로 개별 금융기관 주가의 패널자료를 이용하여 실증분석한 결과, 은행산업 또한 90년대에 걸쳐 환율위험에 유의하게 노출되어 있었던 것으로 분석되었다. 그러나 은행부문보다는 종금부문이 노출도의 크기나 통계적 유의도면에서 환율위험에 더욱 노출된 것으로 분석되었다. 넷째, 개별 금융기관의 환율위험 노출도를 추정한 결과 은행부문은 약 19%(상장은행 26사 중 5개), 종금부문은 약 52%(상장종금사 29사 중 15개)가 환율위험에 유의하게 노출되고 있었으며 이들 은행의 절반 이상 그리고 종금사의 대부분이 원화절하가 금융기관 시장가치에 부정적인 영향을 미치는 방향으로 노출되어 있었던 것으로 분석되었다. 동 실증분석 결과는 97년말 급격한 원화가치의 하락이 이들 금융기관, 특히 종금부문의 재무건전성 악화에 치명적인 영향을 끼침으로써 금융위기를 더욱 촉발시키는 한 메커니즘으로 작용하였음을 시사하고 있다.

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Definition and Acupuncture Treatment of Biaoben(標本), Geungyul(根結) and Kika(氣街) (표본(標本) 근결(根結) 기가(氣街)의 정의(定義)와 침구치료(鍼灸治療)적 적용에 관한 연구)

  • Jo, Young-wook;Jo, Hyun-seog;Hwang, Min-seob;Kim, Kap-sung;Lee, Seung-deok
    • Journal of Acupuncture Research
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    • v.22 no.1
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    • pp.203-210
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    • 2005
  • Objective : This study is present studies of Definition and Acupuncture Treatment of Biaoben (標本), Geungyul(根結) and kika(氣街). Methods : We studied oriental medical books and joumal related with Biaoben(標本), Geungyul(根結) and kika(氣街). Results & Conclusions : 1. Theory of Biaoben (標本), Geungyul(根結) and kika(氣街) is a ground of remote acupuncture point needling. 2. Ben(本) and Geun(根) at distal part of limbs have effect a disease of haed, face, chest and back.

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Open Merit and Demerit Management System for School Considering Interactions between Teacher and Student (교사.학생간의 상호작용을 고려한 개방형상벌점관리시스템)

  • Moon, Chang-Bae;Kim, Han-Il
    • The Journal of the Korea Contents Association
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    • v.8 no.12
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    • pp.465-472
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    • 2008
  • Diverse methods of life guidance adopted by the teacher's subjective standards including corporal punishment have inherent problems. Some schools have introduced and exercised the merit and demerit system, which uses merits and demerits to guide the children for desirable life habits and etiquette. And most of them are done off-line and thus have difficulties with real time reference, statistical process, filling out logs, and management. The merit and demerit management system(MDMS) was developed to support the process, statistics, reference, and authority features as well as card issuing. It also promotes life guidance, personality education, participation of the parents, and further desirable cooperation among the teachers, students, and parents. The system has lots of advantages such as reducing resistance from the students against life guidance rules, enabling the students to check their life guidance status at school, allowing the parents to check how their children are doing at school, increasing efficiency of data management, and taking some burden off the shoulders of the teachers doing statistics. MDMS helps the teachers base corporal punishment on the guidance rules, deter direct punishment on certain body parts, and pursue more systematic, scientific, and human life guidance.

금원대(金元代)까지의 상한론(傷寒論) 치법(治法)에 대한 연구(硏究) 지금원대대상한론치법적연구(至金元代對傷寒論治法的硏究)

  • Kim, Bong-Hyeon;Lee, Hae-Bok;Sin, Yeong-Il
    • Journal of Korean Medical classics
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    • v.18 no.4 s.31
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    • pp.155-165
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    • 2005
  • 진당시기대상한론치법적연구유(晋唐時期對傷寒論治法的硏究有): 왕숙화운용당시성행적(王叔和運用當時盛行的)‘한(汗), 토(吐), 하(下), 온(溫), 구(灸), 자(刺), 수(水), 화(火)’등팔법(等八法), 귀납료상한론적증치경험(歸納了傷寒論的證治經驗); 손사막근거자기적임상경험(孫思邈根據自己的臨床經驗), 파상한론적태양병편진행료(把傷寒論的太陽病篇進行了)‘이방명법(以方名法), 안법류증(按法類證)’, 저시해시기대상한론육경병치법적대표성적연구(這是該時期對傷寒論六經病治法的代表性的硏究), 저종연구유원시화력사적국한성(這種硏究有原始和歷史的局限性), 종중국의학대상한론육경병치법적연구력사고려(從中國醫學對傷寒論六經病治法的硏究歷史考慮), 저성위료후세적치법연구적선구자(這成爲了後世的治法硏究的先驅者), 구유비상대적영향(具有非常大的影響). 재송대대상한론치법적연구상(在宋代對傷寒論治法的硏究上), 기관건작용적의가유방안시화주굉(起關鍵作用的醫家有龐安時和朱肱). 타문대상한론치료원칙적천발(他們對傷寒論治療原則的闡發), 대륙경병적분석귀납(對六經病的分析歸納), 이급제시구체적치법상(以及提示具體的治法上), 도주출료공헌(都做出了貢獻). 방안시주장료응안인(龐安時主張了應按人), 지(地), 시제정치료적사상(時制定治療的思想); 주굉이(朱肱以)‘병유표본(病有標本), 치유선후(治有先後)’위치료원칙(爲治療原則), 여상한론상결합진행치료(與傷寒論相結合進行治療), 대후세의가산생료영향(對後世醫家産生了影響). 도료금원대성무기(到了金元代成無己), 류완소(劉完素), 왕호고등(王好古等), 대내경내용각자이사상관점(對內經內容各自以思想觀点), 분별안변증론치총결료육경병적치료규율(分別按辨證論治總結了六經病的治療規律), 동시대증후화방약진행료분석(同時對證候和方藥進行了分析), 천명료구체적육경병치법적병리전귀(闡明了具體的六經病治法的病理轉歸), 도유기독창성(都有其獨創性). 성무기용내경해석료상한론(成無己用內經解釋了傷寒論), 총결해기(總結解肌) 발한(發汗) 중제발한(重劑發汗) 해표행수(解表行水) 화해(和解) 공비 지열(止熱) 삼설등치법, 위후세대상한론치법적연구개벽료도로, 인이갱가명확화해적개념(因而更加明確和解的槪念), 병응용지금(幷應用至今). 류완소제창료주화론(劉完素提倡了主火論), 중시료상한론한(重視了傷寒論汗), 토(吐), 하삼법적연구(下三法的硏究), 창립료신량해표법(創立了辛凉解表法), 대후세온병치료적발전대래료흔대영향. 왕호고작위이수학파(王好古作爲易水學派), 운용장부적한열허실이론결합약미효능(運用臟腑的寒熱虛實理論結合藥味效能), 탐색료상한론육경병적치료규율(探索了傷寒論六經病的治療規律), 강조료양명병적익진액적치료원칙(强調了陽明病的益津液的治療原則), 대후세연구상한론치법급여료흔대적계발. 이상대상한론치법연구(以上對傷寒論治法硏究), 불근성위당시임상의학적선도(不僅成爲當時臨床醫學的先導), 이차성위료후세연구상한론치법적기초(而且成爲了後世硏究傷寒論治法的基礎).

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A study on The Medicines Effected on The Spleen in The 'Bowel-Viscus Classification' of An Introduction to Medical Science ("의학입문(醫學入門) . 장부조분(臟腑條分)"중(中) 비장(脾臟)에 작용하는 약물(藥物)에 대한 연구(硏究))

  • Lee, Seok-Jae;Keum, Kyung-Soo
    • Journal of Korean Medical classics
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    • v.20 no.4
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    • pp.45-63
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    • 2007
  • In this dissertation, I will focus on the channel entry, the effect and the treatment throughout books of oriental medicine from ancient to modern in order to classify the medicines of the Spleen as main or supplementary organ. The results are as follows: 1. The medicines which work on the Spleen(本臟) chiefly were 38, which were Gingseng Radix(人蔘), Astragali Radix, Hoelen, Atractylodis Rhizoma alba(白朮), Glycyrrhizae Radix(甘草), Atractyodis Rhizoma(蒼朮), Aurantii Nobilis Pericarpium(陳皮), Pinelliae Rhizoma(半夏), Nelumbinis Semen(蓮肉), Semen Euryacles, Crataegi Fructus, Dolichoris Semen(扁豆), Hordei Fructus Germinatus(麥芽), Dioscoreae Radix(山藥), Paeoniae Radix(白芍藥), Zingiberis Rhizoma(乾薑), Arecae Pericarpium(大腹皮), Cimicifugae Rhizoma(升麻), Aurantii Fructus(枳殼), Tiglii Semen(巴豆), Scirpi Rhizoma(三稜), Paeoniae Radix rubra(赤芍藥), Amydae Carapax(鱉甲), (Coptidis Rhizoma(黃連), Dioscoreae Radix(萎藥), Amomi Semen(砂仁), Zingiberis Rhizoma(生薑), Saussureae Radix(木香), Cinnamomi Cortex Spissus(肉桂), Myristicae Semen, Alpiniae Fructus(益智仁), Evodiae Fructus(吳萸), Caryophylli Flos(丁香), Agastachis Herba(藿香), Fructus Piperis Nigri Seu Albi(胡椒), Acontii Tuber(附子), Alpiniae Officinari Rhizoma(良薑), Fructus Galangae. 2. The medicines which work on the other viscera(他臟) chiefly were 12, which were Talcum(滑石), Bupleuri Radix(柴胡), Semen Lepidii Seu Descurainiae, Mori Cotex Radicis(桑白皮), Aurantii lmmaturi Pericarpium(靑皮), Gardeniae Fructus(梔子), Forsythiae Frucus(連翹), Antelopis cornu(羚羊角), Alimatis Rhizoma(澤瀉), Epimedii Herba(仙靈脾), Cyperi Rhizoma(香附子), Rhizome Chuanxiong(川芎). 3. medicines, effected on the Spleen functioned through any other viscera were as follows: Talcum(滑石) works to treat renal heat Entering the Spleen(腎熱入脾) Bupleuri Radix(柴胡) works to treat Hepatic Asthenia Entering the Spleen(肝虛入脾) Semen Lepidii Seu Descurainiae and Mori Cotex Radicis(桑白皮) works to treat Pulmonary gi Entering the Spleen(肺氣入脾) Aurantii lmmaturi Pericarpium(靑皮) works to treat Hepatic gi Entering the Spleen(肝氣入脾) Gardeniae Fructus(梔子) and Forsythiae Frucus(連翹) works to treat Cardiac Heat Entering the Spleen(心熱入脾) Antelopis cornu(羚羊角) works to treat Hepatic wind Entering the Spleen(肝風人脾) Alimatis Rhizoma(澤瀉) works to treat Hepatic heat Entering the Spleen(肝熱入脾) Epimedii Herba(仙靈脾) works to treat Renal asthenia Entering the Spleen(腎虛入脾) Cyperi Rhizoma(香附子) 와 Rhizome Chuanxiong(川芎) works to treat Hepatic gi Entering the Spleen(肝氣入脾) In the study of concerning the medicines effected on the spleen, It is considered that it dedicated to development of the medicines related to the spleen and making efficient use of the medicines.

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Effects of Taeumin, Soeumin and Soyangin Prescriptions on the Adipocyte Induced by Gold Thioglucose in the Rat (태(太)·소음인(少陰人), 소양인(少陽人)의 처방(處方)이 Gold thioglucose로 유발(誘發)된 백서(白鼠)의 비만병(肥滿病)에 미치는 효과(效果))

  • Kim, Kyung-Yo
    • Journal of Sasang Constitutional Medicine
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    • v.8 no.1
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    • pp.295-317
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    • 1996
  • It is researched to elucidate the effects of Taeumjowuitang(TE,太陰調胃湯), Sibimikwanjungtang(SE, 十二味寬中湯) and Yangkeogsanwhatang(SY,凉膈散火湯) on the obesity induced by gold thioglucose and the differentiation and growth of preadipocyte 3T3-L1 in the mouse. The result were as follows: 1. TE,SE and SY extracts improved the blood level of transaminase in the obese mouse induced by gold thioglucose. 2. TE,SE and SY extracts inhibited the increase of liver fat and body fat in the obese mouse induced by gold thioglucose. 3. TE,SE and SY extracts inhibited the increase of body weight in the obese mouse induced by gold thioglucose. 4. TE,SE and SY extracts inhibited the growth of undifferentiate preadipocyte 3T3-L1. 5. TE,SE and SY extracts showed inhibitory effect on the differentiation of preadipocyte 3T3-L1. The above results suggest that the TE,SE and SY extracts may be used on the obesity induced by the overgrowth and differentiation of adipocyte, and the accumulation of fat in liver and body.

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A Study do parts of So-yin-In and So-yang-In (소음인(少陰人)·소양인편(少陽人篇)의 표병(表病)·이병(裏病)에 대한 고찰考察(표이음양승강(表裏陰陽升降)을 중심으로))

  • Lee, Eui-Ju;Song, Il-Byeong
    • Journal of Sasang Constitutional Medicine
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    • v.8 no.1
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    • pp.43-56
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    • 1996
  • As considering a study of the So-um-In and So-yang-In desease, I know each of Extra-disease (表病) and Intra-disease (裏病). I takes serious view of the Extra-Intra-Um-Yang-Up-Down (表裏陰陽升降). I try to join costitutional disease to the parts of human body, which base on the theory on Sa-sang constituional Medicine. And I make some diagrams of them. They could be summerized as follows. 1.The Extra-qi (表氣) is four-viscera (四臟) and four back parts of hurman body (後四海). The Intra-qi (裏氣) is four-digestive organs (四腑) and four fore parts of human body (前四海). 2. It is important that Yang-qi (陽氣) go up at So-um-In Extra-disease (少陰人 表病) and Um-qi (陰氣) go down at So-yang-In Extra-disease (少陽人 表病). And It is important that Um-qi (陰氣) go down at So-um-In Intra-disease (少陰人 裏病) and Yang-qi of Large Intestine (大關局) go up at So-yang-In Intra-disese (少陽人 裏病). 3. Looking into the Extra-disease, ◈ Sin-Yang-Gon-Yiel (腎陽困熱) and Ha-Cho-Chuk-Hyel (下篇蓄血) of So-um-In disease are the disease that Yang-qi don't go up from the buttock. So-Yang-sang-Pung (少陽傷風) of So-yang-In disease is the disease that Um-qi don't go down from the upper back. ◈ Yui-Ga-Sil (胃家室) of So-um-In disease is the disease that Yang-qi don't go up from the lower abdomen Gyel-Hung (結胸) of So-yang-In disease is the disease that Um-qi don't go down from the thorax. ◈ Mang-Yang (亡陽) of So-um-In disease is the disease that Yang-qi don't go up from Intra-qi so it go out to the Extra-qi. Mang-Um (亡陰) of So-yang-In disease is the disease that Um-qi don't go down from the Extra-qi so it go into the Extra-qi. ◈ Dea-Jang-Pa-Han of So-um-In disease and Sim-Ha-Gyel-Hung (心下結胸) of So-yang-In desease are half of Extra-qi and Inrea-qi. 4. Looking into the Intra-disease, ◈ The Intra-disease of So-um-In is Tae-um symtom (太陰證) and So-um symtom (少陰證). The So-um symtom is more severe than Tae-um symtom because a cold wave of Large Intestine (大腸冷氣) involve a warm wave of Stomach (胃局). ◈ The Intra-disease of So-yang-In is not to go up Yang-qi of Large Intestine. Deficit of Yang-qi from Large Intestine which go up at Stomach is more sever than deficit of Yang-qi from Stomach which go up at extremes.

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