• Asian Journal of Business Environment
• /
• 제7권4호
• /
• pp.5-9
• /
• 2017

Purpose - Many countries rely on currency depreciation or debt-financed government spending to stimulate their economies. Currency depreciation tends to increase net exports and aggregate demand but reduce short-run aggregate supply due to higher import costs. Debt-financed government spending increases aggregate demand, but the crowding-out effect due to a higher real interest rate may reduce private spending and aggregate demand. Therefore, the net impact of currency depreciation or debt-financed government spending on equilibrium real GDP is unclear. Research design, data, and methodology - This paper examines potential impacts of real depreciation of the ringgit, more government debt as a percent of GDP and other relevant macroeconomic variables on aggregate output in Malaysia. Results - Applying the AD/AS model, this paper finds that aggregate output in Malaysia is positively associated with real appreciation during 2005.Q3-2010.Q3, real depreciation during 2010.Q4-2016.Q1, the debt-to-GDP ratio and the real stock price, negatively affected by the real lending rate and inflation expectations, and is not influenced by the real oil price. Conclusions - Real depreciation of the ringgit after 2010. Q3 or sustainable expansionary fiscal policy would be beneficial to the economy.

• 보건행정학회지
• /
• 제8권2호
• /
• pp.76-87
• /
• 1998

This study analyzed the effect of foreign currency exchange rate on the increasing rate of medical care cost by items of fee schedule of Korean Medical Insurance. This study uses the data of cost analysis including cost of imported goods and the data of for a university hospital National Federation's Medical Insurance for a trend of claim. The method of cost analysis is as same as that used in the study of the development of Korean RBRVS(Resource Based Relative Valus Scale). The main findings of this study are as follows; 1. The proportion of imported goods in cost related to Medical Insurance fee schedule is 7.93%, and in case of substitution of available domestic goods 6.96%. 2. If foreign currency exchange rate changes from 800wen per $1 to 1,300won, the affecting rate of Medical Insurance fee schedules is 5.00%. If the imported goods will be substituted with available domestic goods, the rate 4.35%. Our results can be used a data for updating Medical Insurance fee schedule. But this result is limited to be generalized, because this study used the cost analysis for a university hospital.

• The Journal of Asian Finance, Economics and Business
• /
• 제7권8호
• /
• pp.131-141
• /
• 2020

This study is designed to investigate the impact of China exchange rate policy on its trading partners by using a country multi-dataset GVAR model. Our model includes samples of 30 countries, six from high-income, six from middle-income and eighteen from low-income countries. This study used annual time series data over the period 1992 to 2017. We constructed currency misalignment index and it provided some interesting features about the currency undervaluation and overvaluation. The results of the currency misalignment shows that China's Renminbi is structurally more undervalued over the sample period as compared to other countries, and fluctuation in major currencies effects the global trade around the world. The overall empirical results of the GVAR model indicate that RMB undervaluation affects the trade pattern and macroeconomic performance of China's trading partners. Overall, China's exchange rate undervaluation has mixed effects on trading partner's GDP, exports and imports. The devaluation of China's RMB efficiently stimulated China's exports and reduced imports. While, in some countries, this effect is reverse, the RMB undervaluation increases the GDP of partner countries and also increases their exports to China. The results confirm the strong and leading role of the Chinese Renminbi in the global trade.

• 한국정보통신학회:학술대회논문집
• /
• 한국정보통신학회 2017년도 추계학술대회
• /
• pp.89-91
• /
• 2017

환율은 국가 화폐들 간의 교환 비율로 국가 경제 규모 또는 현황을 측정하기 위한 주요 지표 중 하나이다. 환율은 다양한 경제 또는 인문사회 활동에 의하여 영향을 받으며 시간에 따라 유동적으로 변화하는 특성을 가진다. 그러나 너무 많은 경제, 인문사회 활동 요소들이 환율에 영향을 주며 각 요소들의 영향력이 매우 유동적이기 때문에 특정 활동 요소와 환율 변동성과의 관계를 정의하기 어려운 문제가 있다. 이 논문에서는 환율 변동성과 활동 요소들과의 관련성을 살펴보기 위하여 신문 기사와 환율 변동성과의 데이터 패턴 분석을 한다. 일정 기간 동안의 신문 기사에서 단어들의 출현 빈도를 조사하고 환율 변동 폭과 비교한다.

• The Journal of Asian Finance, Economics and Business
• /
• 제8권11호
• /
• pp.47-66
• /
• 2021

Despite the dominance of the USD as a vehicle currency in non-US trade, most studies on the exchange rate-trade balance relationship ignore its importance. Some recent J-curve papers have proved that incorporating the role of USD as vehicle currency as a crucial determinant of trade balance can well reflect the reality of global trade and provide more detailed findings. Motivated by this new approach and by the fact that USD is substantially used in the trade between China and the EU and the UK, this paper scrutinizes how the vehicle currency USD and the bilateral exchange rates asymmetrically affect China's trade balance with each EU country and the UK. The results of NARDL estimation indicate that the USD models outperform the bilateral exchange rate (BER) models in terms of detecting significant long-run and short-run coefficients, which confirms the usefulness of the new approach. Also, this paper finds that the USD/CNY exchange rate cannot be neglected in China's trade with the EU and the UK, which can supplement China's policies on international trade and foreign exchange management.

• 한국정보시스템학회지:정보시스템연구
• /
• 제32권3호
• /
• pp.117-132
• /
• 2023

Purpose The purpose of this study is to analyze the impact of policy changes in Busan's local currency, Dong Baek Jeon, on the use of Dong Baek Jeon. In particular, this study tried to investigate consumption changes due to changes in local currency policy depending on the region, industry, and consumer characteristics. Design/methodology/approach This study used the transaction data of Dong Baek Jeon franchise for analysis. Specifically, the data from January 2022 to December 2022 were used to analyze the current status of the use of Dong Baek Jeon and changes in consumption before and after policy changes. Findings As a result of the analysis, the consumption of Dong Baek Jeon tended to be concentrated in specific regions, industries, and ages. In most regions and ages, the top consumption industries were similar. The use of Dong Baek Jeon showed a clear change in the pattern of use depending on policy changes. Specifically, when the benefits were revised downward, the use of Dong Baek Jeon decreased, and when it was revised upward, it increased. Depending on the policy change, the rate of increase and decrease by region and consumer characteristics was relatively similar, but it was confirmed that there was a difference in the rate of increase and decrease depending on the industry.

• 한국산학기술학회논문지
• /
• 제15권7호
• /
• pp.4122-4131
• /
• 2014

본 연구는 최근 화두로 떠오르고 있는 가상화폐의 특징에 대해 고찰하고, 도출된 가상화폐의 특징이 어떠한 과정을 거쳐 소비자의 수용에 영향을 미치는지에 대해 살펴보았다. 이를 위해 기술수용모형을 사용하였으며, 구조방정식 분석을 통해 연구결과를 도출하였다. 연구결과, 신뢰성과 범용성은 유용성과 용이성에 유의한 영향을 미치는 것으로 나타났으며, 보안성은 영향을 미치지 않는 것으로 나타났다. 유용성은 태도와 만족에 직접적인 영향을 미치지는 않았으며, 용이성은 유용성과 태도, 만족에 직접적인 영향을 미치고 있었다. 마지막으로 태도와 만족은 이용의도에 긍정적인 영향을 주는 것을 알 수 있었다. 본 연구결과를 통해 실무에서 가상화폐에 대한 효과적이고, 효율적인 전략을 입안할 수 있을 것이다.

• 한국정보시스템학회지:정보시스템연구
• /
• 제27권3호
• /
• pp.43-62
• /
• 2018

Purpose Since the Bitcoin, which was the first virtual currency, was made at 2009, almost 1,000 virtual currencies appeared onstage in the world. Even though virtual currencies have the function of money as a medium of exchange or contract, any of those has not yet entered the commercialization stage. Instead, some of the virtual currencies show the nature of investment assets. In the case of virtual money investment, users tend to use all the information of the world because information transfer is very easy and capital movement is almost free between different countries. In addition, as the transaction sizes of virtual currencies increase, a virtual currency price is no longer independent and is likely to be affected by the prices of other virtual currencies. Therefore, it is necessary to understand the influence among virtual currency markets, which helps successful implementation of investment strategies. Design/methodology/approach This study focuses on the investment product function of virtual money and conducts the analysis using the time series model used in the financial and economic areas. In this paper, we try to analyze the return and volatility transfer effect of virtual money markets through GJR-GARCH model. Findings This study is expected to find out whether we can make market forecasts through reflecting changes in other markets. In addition, we can reduce the trial and error of user decision making by using the information on the yield and volatility transition effect derived from the research results, and it is expected to reduce the opportunity cost of users.

• 한국통신학회논문지
• /
• 제39B권7호
• /
• pp.459-466
• /
• 2014

본 논문에서는 권종 인식을 위하여 범용 CIS(contact image sensor)를 사용하여 각 권종별로 취득된 지폐 반사 전체 이미지의 특징 데이터(feature data) 성분을 추출하여 권종 인식의 데이터로 사용함으로써 개별 객체의 특색이나 특징들의 집합인 패턴을 이용한 효과적인 이미지 처리 방법을 제안하였다. 본 논문에서 제안한 방법을 통하여 각 권종별 추출된 이미지의 특징 데이터는 이미지 변화에 덜 민감하면서 공간적인 분포를 잘 나타내기 때문에 권종 인식을 하는데 있어서 우수한 방법이 될 수 있다. 제안된 알고리즘의 테스트를 위하여 시료 진폐는 각 국가 및 권종 당 100매씩을 테스트 하였으며, 제한적인 시료로 인한 판정 결과의 신뢰도를 확보하고자 방향별 총 10회씩 투입하였다. 시험 결과 한국 원화는 100% 인식하였으며, 유로화는 5유로의 경우 99.9%, 20유로의 경우 99.8%의 인식률을 보였으며, 터키 리라화는 20리라의 경우 99.8.%, 50리라의 경우 99.8%의 인식률을 보였고, 나머지 미국 달러화, 중국 위안화, 영국 파운드화 등의 권종은 100% 인식되어 제안된 알고리즘이 상용 제품에 적용 가능함을 보였다.

• 한국콘텐츠학회논문지
• /
• 제21권4호
• /
• pp.111-122
• /
• 2021

본 연구는 우리나라 대표적인 지역화폐인 동백전과 인천e음 앱 사용자 리뷰를 분석하여 지역화폐 사용자의 긍정/부정 요인을 파악하고, 이를 바탕으로 마케팅 전략을 수립하였다. 앱 사용자 리뷰를 별점을 기준으로 하여 긍정과 부정으로 분류하고 각각 워드클라우드, 토픽모델링, 소셜 네트워크 분석을 수행하였다. 그 결과, 동백전과 인천e음 부정 리뷰에서는 공통적으로 앱 사용과 카드 발급에 대한 불만이 주로 나타났으며, 긍정 리뷰에서는 '캐시백'에 대한 만족감과 함께 '지역경제'와 '소상공인'과 같은 키워드의 출현으로 지역화폐 사용자들은 자신의 소비가 지역경제 활성화에 도움이 된다고 인식하여 지역화폐를 사용하는 데 있어 만족감을 느끼는 것으로 나타났다. 본 연구의 분석결과로 파악된 만족/불만족 요인을 기반으로 개선해야 할 점과 더욱 강화해야 할 점을 파악하고, 이에 적절한 마케팅 전략을 도출하였다. 본 연구에서 활용한 텍스트 마이닝 방법과 연구 결과는 실질적으로 지역화폐 담당 공무원들과 마케터들에게 지역화폐에 대한 유의미한 정보를 제공해 줄 수 있다.