• 제목/요약/키워드: Central Bank Communication

검색결과 9건 처리시간 0.021초

국제전자결제시스템으로서 CHIPS에 관한 연구 -Fedwire와 비교하여- (A Study on the CHIPS in the Cross-Border Payment System - Compared with Fedwire -)

  • 이병렬;이천우
    • 통상정보연구
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    • 제8권4호
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    • pp.71-88
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    • 2006
  • This article want to discuss on comparative research between CHIPS and Fedwire as the cross-border payment systems which America have and use at present. CHIPS is a New York-based automated private-sector clearing facility for large-dollar transfers. It is a central switch communication and settlement system whose 53 participating banks exchange same-day payment messages over dedicated communication lines linking each one to the CHIPS central computer. On January 22, 2001, CHIPS introduced immediate finality for payment released from the CHIPS queue. Unlike the Fedwire system, The CHIPS system is not a real-time gross settlement system. Instead, CHIPS is hybrid system that uses a computer program to select payment order in a queue for release to the receiving bank. CHIPS are governed by CHIPS Rules and Administrative Procedures. Fedwire system is a nationwide electronic fund-transfer system facilitating same-day transfers throughout the United States. It is a gross settlement system providing immediate credit to the receiving bank's master account. Communicating between a Federal Reserve Bank and Fedwire users can be either on-line or off-line. Fedwire transfers are governed by Subpart B of Regulation J, issued by the Federal Reserve Board, which incorporates U.C.C. Article 4A but preempts or supersedes any of its inconsistent provisions.

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Do Words in Central Bank Press Releases Affect Thailand's Financial Markets?

  • CHATCHAWAN, Sapphasak
    • The Journal of Asian Finance, Economics and Business
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    • 제8권4호
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    • pp.113-124
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    • 2021
  • The study investigates how financial markets respond to a shock to tone and semantic similarity of the Bank of Thailand press releases. The techniques in natural language processing are employed to quantify the tone and the semantic similarity of 69 press releases from 2010 to 2018. The corpus of the press releases is accessible to the general public. Stock market returns and bond yields are measured by logged return on SET50 and short-term and long-term government bonds, respectively. Data are daily from January 4, 2010, to August 8, 2019. The study uses the Structural Vector Auto Regressive model (SVAR) to analyze the effects of unanticipated and temporary shocks to the tone and the semantic similarity on bond yields and stock market returns. Impulse response functions are also constructed for the analysis. The results show that 1-month, 3-month, 6-month and 1-year bond yields significantly increase in response to a positive shock to the tone of press releases and 1-month, 3-month, 6-month, 1-year and 25-year bond yields significantly increase in response to a positive shock to the semantic similarity. Interestingly, stock market returns obtained from the SET50 index insignificantly respond to the shocks from the tone and the semantic similarity of the press releases.

A half subcarrier guard band spectrum assignment scheme for multi-user FBMC systems

  • Huang, Wei;Xu, Hongbo;Li, Zhongnian
    • KSII Transactions on Internet and Information Systems (TIIS)
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    • 제16권1호
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    • pp.350-364
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    • 2022
  • Traditionally, in multi-user multi-carrier systems, the neighboring subband will be gapped by one subcarrier, which is set as guard band to reduce multiple access interference (MAI) between neighboring subbands. The empty subcarrier for guard band will degrade the spectral efficiency of the whole system. In order to enhance the spectral efficiency of multi-user filter bank multiple carrier (FBMC) systems, a new subband allocation method is introduced, in which the neighboring subband is gapped by half subcarrier instead of one subcarrier. Meanwhile, in order to implement the proposed resource allocation scheme, an optimized FBMC prototype filter is designed to decrease the inter-subband interference to the neighboring subband. The detailed simulations about the comparison between the proposed spectrum assignment and traditional FBMC are given, as well as the performance in the different interference scenarios. The simulation results show that the combination of the proposed spectrum assignment scheme and the optimized filter has better performance compared to the traditional scheme. The proposed scheme can be used in the system which serves massive users to get higher spectrum efficiency.

Prospect Analysis for Utilization of Virtual Assets using Blockchain Technology

  • Jeongkyu Hong
    • Journal of information and communication convergence engineering
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    • 제22권1호
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    • pp.64-69
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    • 2024
  • Blockchain is a decentralized network in which data blocks are linked. Through a decentralized peer-to-peer network, users can create shared databases, resulting in a trustworthy and aggregated database known as a blockchain that enhances reliability and security. The distributed nature of the blockchain enables data to be stored on multiple nodes, eliminating the need for a central server or platform. This disintermediation significantly reduces the transaction and administrative costs. The blockchain is particularly valuable in applications where reliability and stability are critical because it establishes an open database that ensures data integrity, making it virtually impossible to tamper with or falsify data. This study explores the diverse applications of the blockchain technology in virtual assets, such as cryptocurrency, decentralized finance, central bank digital currency, nonfungible tokens, and metaverses. In addition, it analyzes the potential prospects and developments driven by these innovative technologies.

Problems of Shariah Governance Framework and Different Bodies: An Empirical Investigation of Islamic Banks in Bangladesh

  • ALAM, Md. Kausar;MUSTAFA, Hasri;UDDIN, Md. Salah;ISLAM, Md. Jahirul;MOHUA, Marjea Jannat;HASSAN, Md. Farjin
    • The Journal of Asian Finance, Economics and Business
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    • 제7권3호
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    • pp.265-276
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    • 2020
  • The study aims to explore the problems of the existing Shariah Governance Framework (SGF) and its concerned authorities in the context of Bangladesh. Thus, according to responses from 17 respondents, this study outlines that Bangladesh has an absence of a shortage of experts, experienced, knowledgeable, and qualified Shariah people at all levels (i.e., the central bank, Islamic banks, Shariah Supervisory Boards (SSBs), and regulators). Therefore, Bangladesh does not have a separate Islamic banking act, Shariah audit firm, Shariah index institutions, and comprehensive SGF. The existing guideline has a limitation concerning its comprehensiveness, accountability, responsibility, and structure of SSBs. Islamic banks do not follow the instruction of the central bank in the formation of SSBs. As a result, there is an absence of competent and qualified SSB, which also results in the functions of Shariah departments as well as Shariah applications. Usually, the Board of Directors (BOD), management, executives, customers, and the public also have the conceptual gap about Islamic banks, SGF, and banking system compared to the regular prayers, faith, and belief. Concisely, Bangladesh requisites a comprehensive SGF, Islamic banking act, a standard accounting system, and a robust Shariah audit system for the overall development of Islamic banks and SGF.

통화정책 결정문에 나타난 한미 통화정책 동조화 현상 분석 (Monetary policy synchronization of Korea and United States reflected in the statements)

  • 장영재
    • 응용통계연구
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    • 제34권1호
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    • pp.115-126
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    • 2021
  • 중앙은행은 통화정책을 운용하면서 통화정책 방향에 관한 보고서를 통해 시장과 소통하고 있다. 최근의 Covid-19 팬데믹은 세계적인 경제의 급격한 위축을 초래하였다. 2008년 글로벌 금융위기 시와 비교해 보더라도 불확실성이 적지 않은 상황이다. 그 파급효과가 전 세계적으로 확산되면서 경기침체의 장기화에 관한 우려도 증폭되고 있다. 본 논문에서는 미 연준과 한국은행의 통화정책을 담고 있는 통화정책방향 결정문과 의결문의 특징을 분석하고 세계적인 위기에 어떠한 영향을 받았는지 살펴보았다. 분석을 위해 1999년 10월부터 2020년 9월까지 공표된 양 국가의 통화정책방향 보고서 텍스트 자료를 수집하였으며 워드 클라우드 및 워드 임베딩 등을 이용하여 의미상 특징을 살펴보았다. 조각별 회귀나무 모형을 통해 양국 문서의 비유사성 추이도 분석해 보았다. 분석 결과 한국은행과 미 연준 모두 시장과의 투명하고 효과적인 소통을 위해 명확한 의미를 지닌 단어로 정제된 문서 자료를 작성하고 있는 것으로 나타났다. 또한, 급격한 글로벌 경제환경의 변화가 통화정책에 영향을 미치면서 문서 간 의미상 동조화가 이루진 것으로 나타났다.

Integrating ICT in the Sudanese Kindergartens by Means of Developing a Computerized Application for The Pre-School Education, In Order to Improve Cognitive Development:

  • MOHAMMED, AMGAD ATTA ABDELMAGEED;DRAR, SUHANDA SAFALDEEN MOHAMMED;HILAL, ANWER MUSTAFA;CHRISTENSEN, LARS RUNE
    • International Journal of Computer Science & Network Security
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    • 제21권12spc호
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    • pp.597-603
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    • 2021
  • The current Sudanese preschool system depends on limited methods of education, children's education needs to be equipped to keep pace with technological development, also, the large gap that exists between the families and the Kindergartens, where many parents have no idea on how their child progresses in the KG context. The aim of this research is to integrate ICT in the preschool education to enhance and improve the preschool education, by building an Integrated Educational Application (Computerized Application for Preschool Education CAPE) which will help to improve the learning outcomes. The researchers used the Experimental Research Methodology, the characteristic of CAPE application is; suitable for children's age, the application style is more attractive to the children and contains a different way to help children get learning. Alawaeel and the Smart Child Kindergartens in Republic of Sudan were selected as a sample of the study, with sample size specifically, 50 children's. Also, the Central Bank of Sudan Kindergarten was selected as one of the institutional Kindergartens for easy communication with parents of children with a sample size 21 children. The study found that; using CAPE application in KG enables children to increase general learning effects and developing child's cognitive skills. Also, the children who were allowed to use CAPE by their parents are performed better in the overall evaluation of KG lessons. Also, using the CAPE in the Pre-School education helps the parents following their children's progress better and more reliable. The researcher recommends that to apply the computerized application and includes the second level. Also, converting the computerized program into an application to be used by children by their self, without the intervention of parents.

블록체인 기반 가상화폐 거래의 보안 위험 및 대응방안 (The Security Risk and Countermeasures of Blockchain based Virtual Currency Trading)

  • 정용식;차재상
    • 한국정보전자통신기술학회논문지
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    • 제11권1호
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    • pp.100-106
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    • 2018
  • 2008년 비트코인이라는 가상화폐의 개념이 발표된 이후, 비트코인의 기반이 되는 블록체인 기술은 향후 우리 사회를 변화시킬 수 있는 4차 산업혁명 시대의 중요한 플랫폼 기술로 주목받고 있다. 기존의 전자금융거래는 정부나 은행 등 신뢰할 수 있는 중앙기관에서 모든 거래 내역을 저장, 관리하고 있는 반면, 블록체인 기반의 전자금융거래는 거래에 참여하는 모든 참여자가 거래 내역을 각각 저장, 관리하는 분산 구조로 이루어져 있어서, 시스템 구축과 운영비용을 절감하면서도 거래의 투명성을 보장할 수 있는 특징을 가지고 있다. 이러한 블록체인 기술은 비트코인으로 시작된 가상화폐 이외에도 스마트 계약, 문서관리 등 다양한 영역으로 그 활용방안이 확장되고 있다. 블록체인의 핵심 기술 영역은 검증된 암호기술을 기반으로 거래 내역의 위조나 해킹이 어렵도록 일정수준 이상의 보안성을 갖추고 있으나, 가상화폐를 사고파는 거래 서비스나 상품 대금으로 지급하는 결제 서비스의 구현에 있어서는 구현 방식에서의 보안 취약점이 존재할 수 있기에 가상화폐 사용에 있어서 보안 위험에 대해서 살펴보고 대응방안에 대해서 논하고자 한다. 특히 가상화폐 거래를 손쉽게 해주는 가상화폐 거래소에 대한 보안 사고가 최근에 자주 발생하고 있으며, 가상화폐를 거래하는 사용자들의 피해도 증가하고 있기에 금융권에 적용 가능한 블록체인 보안 위협을 살펴보고 그 중에서도 특히 보안사고로 인한 피해가 많이 발생하는 가상화폐 거래소에 대한 보안 위협과 적용 가능한 보안 대책을 제시하고자 한다.

블록체인기술이 무역결제방식에 미치는 영향에 관한 연구 (The Impact of Blockchain Technology on Banks' Conventional Trade Settlements)

  • 조소;황기식
    • 한국정보통신학회논문지
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    • 제25권3호
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    • pp.346-354
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    • 2021
  • 블록체인은 분산 데이터 저장, 점 대 점 전송, 컨센서스 메커니즘, 암호화 알고리즘 등을 핵심으로 하는 컴퓨터 기술을 말한다. 블록체인은 중심화, 신뢰성, 안전성 및 간편, 효율성을 특징으로 하고 있으며 인터넷 시대로 접어든 현사회에서 혁신적인 응용 모델로서 주목받고 있다. 해당 기술은 여러 분야에서 높은 활용가치를 가지고 있다고 평가받고 있으며, 특히 금융 분야에서 큰 역할을 할 것으로 전망되고 있다. 이에 2015년을 기점으로 각국 중앙은행 및 정부부처, 시중은행, IT 핵심 기업들을 포함한 다양한 금융 관련 다양한 기관들이 투자, 관심, 연구에 박차를 가하면서 빠른 성장을 지속해오고 있다. 이에 본 연구에서는 새로운 블록체인 기술이 기존의 은행들에서 행해지던 결제 방식에 어떤 영향을 주었는지 분석하고, 해당 기술의 핵심적인 개념 및 장, 단점에 관해 설명하고자 한다. 더불어 송금(remittance), 입출금(collection), 신용장(letter of credit)과 같은 기존의 결제 방식과 결합, 변화 된 블록체인 기술의 사례를 연구하여 블록체인 기술이 기존 결제 방식에 미치는 긍정적, 부정적 영향 역시 분석하고자 한다. 최종적으로 본 논문은 해당 분석들과 함께 블록체인 어플리케이션(the block chain application) 사례들을 제시, 분석하여 해당 기술들의 발전 현황 및 현존하는 문제점들에 대해 고찰하고 이를 바탕으로 중국 블록체인 금융 시스템의 발전을 위한 방안 및 대책을 제시하고자 한다.