• Title/Summary/Keyword: Euro Area

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Governance, Institutional Quality and the Euro Area Crisis: What Lessons to East Asian Integration?

  • Baek, Seung-Gwan;Oh, Yonghyup
    • East Asian Economic Review
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    • v.17 no.4
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    • pp.361-383
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    • 2013
  • We find that institutional quality of an individual country was highly and significantly correlated with its economic performance in the euro area. We argue that governance reforms proposed at present do not suffice to resolving the fundamental problems of the EMU governance system unless disparities of institutional quality in member states are dissolved. Regarding regional integration, East Asia is far behind the Eurozone not only in institutional elements of the governance system but also in institutional quality at the level of individual nations.

A Study on the Electronic Payment and Settlement System in EU (유럽의 전자결제제도에 관한 연구)

  • CHOI, Byoung-Kwon
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.67
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    • pp.69-95
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    • 2015
  • The main purpose of this study is to analyse what are the key financial innovations in the euro area electronic payment systems. TARGET2 is the RTGS-system provided through the Eurosystem. It is used for settling central bank operations, for large interbank transfers in euro and also for other euro-denominated transfers. The specific features of TARGET2 include processing in real time, settlement in central bank money and immediate finality. In addition, the SEPA is a payment-integration initiative of the European Union for simplification of bank transfers denominated in euro. In particular, the main innovations consist of the completion of the phased migration to the TARGET2 infrastructure, and the introduction of a single retail payment market in euro - the SEPA and its products, schemes and frameworks. As the study analyse, the key innovations consist of the TARGET2 introduction, SEPA establishment and migration towards the T2S system. These innovations will lead to a better understanding of the payment and settlement systems' behavior in stress situations and to enhance the stability of the euro area financial system. Moreover, the successful integration of the European payment and settlement infrastructures will further contribute to the integration of the European financial markets, as well as to their higher competitiveness.

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A Study of Euro NCAP Pedestrian Protection Protocol in Upper Leg Area (유럽 신차 안전도 평가방법을 적용한 보행자 대퇴부 상해 영향 분석)

  • Hyungjoon Oh;Hanchun Cho;Junyi Kim;Seungki Kim
    • Journal of Auto-vehicle Safety Association
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    • v.6 no.1
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    • pp.16-21
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    • 2014
  • Recently Korea and many countries are legislated for pedestrian protection as following the GTR(Global Technical Regulation). Most NCAP organization have been applying pedestrian protection results in their own rating system in individual or overall rating. Euro NCAP agency has been introduced it first. From the beginning, Euro NCAP had assessed occupant and pedestrian protection. It has become to strengthen a pedestrian protection protocol every time published. Korea NCAP also has been rating pedestrian protection with overall rating system. This paper proposed to study new pedestrian protection protocol especially upper leg in order to find injury response based on physical test. On Euro NCAP, the upper leg injury are assessed two kind of value which are bending moment and force.

A Trade Effect Analysis of the Introducing the Euro in the Members of the Eurozone (유로존 국가들의 유로화 도입으로 인한 무역효과 분석)

  • Kang, Bo-Kyung
    • International Area Studies Review
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    • v.14 no.1
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    • pp.203-219
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    • 2010
  • Nowadays an instability of the exchange rate on accounts of global finance crisis brings on a lot of an economic damage such as recession, decreasing of total trade and so on. However some countries which belong to be membership of the eurozone could escape economic slump shortly and easier than others. The reason for this is that they share with the Euro as a their own currency which is the second vehicle currency all of the world. This paper analyzes the correlation of joining the Euro zone and trade with pooled OLS, random effect estimation, and fixed effect estimation. A membership of the Euro zone are able to increase trade 11.3% ~ 25.3% one another on average since some country belongs to the Euro zone. It is very important for some countries which have a plan to affiliate the Euro zone sooner or later to realize economic effect because of a protection of the Euro zone as well as political power.

Estimating On-road NOx Emissions of Euro 6 Light-duty Diesel Vehicles (Euro6 소형 경유자동차의 실제 도로 주행 NOx 배출량 평가)

  • Park, Yeon-Jae;Park, Junhong;Lee, Jai-Young
    • Journal of ILASS-Korea
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    • v.21 no.4
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    • pp.207-213
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    • 2016
  • To protect air pollution of urban area from motor vehicles, emission limits for diesel vehicles have been dramatically lowered in short period. But recent studies have shown that on-road NOx emissions of light-duty diesel vehicles are considerably higher than the values measured with laboratory test procedures used for emission certification. To tackle with this issue, Ministry of Environment have a plan to introduce EU RDE-LDV (Real-driving Emission-Light-duty Vehicle) regulation. In this study, 4 Euro 6 diesel vehicles have been tested with the new test procedures published by EU to estimate on-road NOx emissions using PEMS (Portable Emission Measurement System). The results have shown that the requirements of EU RDE-LDV could be met in driving condition of metropolitan area for constitution of test routes and validity of test results. In analysing with Moving Averaging Window method the completeness and normality of test data were validated with the requirement. On-road NOx emissions were quite deviated as test vehicles and higher than the new limit of on-road NOx emission enforced from Sept. 2017, which means that RDE-LDV can effectively reduce NOx emission of diesel vehicles in real driving conditions of Korea.

오염토양 정화의 비용편익분석 -독일 오스나부릭 도시 사례-

  • 강동규
    • Proceedings of the Korean Society of Soil and Groundwater Environment Conference
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    • 2004.09a
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    • pp.20-24
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    • 2004
  • The aim of this study was to analyse the cost-benefit-ratio of a soil remediation project. The target of the study was the 'Altablagerung Osnabrueck-Wueste' the largest inhabited former landfill site in Germany. The determination of benefit resulting from the soil remediation was quantified with the help of willingness-to-pay(WTP) analysis (contingent valuation method, CVM). 400 households participated in the survey. The average WTP was 6.5 Euro per household per month or 78 Euro per house-hold per year. The projected benefit generated by the remediation (consumer value) for the population in the landfill area was determined to be 0.7 million Euro per year. Factors which influence the will-ingness to pay were evaluated. The most important factors were age, garden use and the prevailing concern about personal health. A computation of the cost-benefit relationship was made on the basis of three different scenarios, which differed in terms of the projected benefits. Finally the economical efficiency of the project was determined. With a projection of 18 years and upwards the remediation of the soil is economically worthwhile.

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Assessment of Health-Related Quality of Life among Patients with Panic Disorder Using EuroQol in Korea (EuroQol 도구로 측정한 성인 공황장애 환자의 건강관련 삶의 질 수준)

  • Son, Myoung-Ha;Byun, Keum-Ryung;Choi, Byung-Hwi;Woo, Jong-Min
    • Anxiety and mood
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    • v.8 no.1
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    • pp.9-15
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    • 2012
  • Objectives : The purpose of this study was to assess the health-related quality of life (HRQoL) for patients with panic disorder using EQ-5D and EQ-VAS, and to examine the relationship between health-related quality of life and clinical outcomes following treatment. Methods : 29 patients with panic disorder were recruited from the Seoul Metropolitan area and 20 patients were followed up after two months of outpatient treatment. The Panic Disorder Severity Scale (PDSS) was used to assess the severity of the panic disorder and the changes in symptoms. HRQoL was assessed with EQ-5D and EQ-VAS at baseline and at two months of treatment. Results : All enrolled panic disorder patients showed significantly impairment of HRQoL in view of the subscales of EQ-5D, EQ-VAS index scores. The severity of PDSS was correlated the HRQoL in the panic patients. After treatment, the EQ-5D, EQ-VAS index scores showed significant improvement. Conclusion : Panic disorder patients suffer from lower HRQoL as well as from symptoms of the disorder. They showed clinical improvement and a restored HRQoL with treatment. These outcomes suggest using the EQ-5D, EQ-VAS such as the HRQoL in the assessment of patients with panic disorder is essential.

Relationship between residential district and health-related quality of life in Chungnam industrial complex area

  • Kim, Heechan;Roh, Sangchul
    • Environmental Analysis Health and Toxicology
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    • v.31
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    • pp.17.1-17.7
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    • 2016
  • Objectives This study aimed to evaluate the relationship between residential district of people, such as power plant, steel-mill and petrochemical industries, and health-related quality of life (HRQoL). Methods Using a cross-sectional study design, we randomly recruited participants for our study from industrial areas (thermoelectric power plant, steel-mill, petrochemical industry) and rural areas. Logistic regression analysis was used to identify the relationships between Euro quality of life-5 dimension (EQ-5D) scores and living region, while controlling for sociodemographic characteristics. Results In adjusted model, quality of life decreased with increasing category of age and were lower for females than males. EQ-5D scores of people living in the vicinity of thermoelectric power plant were significant lower than those of people living the vicinity of comparison region (odds ratio, 1.59; 95% confidence interval, 1.00 to 2.53). Conclusions Living region of thermoelectric power plant, was strongly associated with scores on the EQ-5D. More research is needed to elucidate the mechanisms which makes the relationship with the living regions and HRQoL.

A Study on the Performance Evaluation and Field Application of Synthetic Resin Formwork (합성수지 거푸집의 성능평가 및 현장 적용성에 관한 연구)

  • Kim, Tae-Hui;Ahn, Sung-Jin;Lee, Young-Do;Nam, Kyung-Yong
    • Journal of the Korea Institute of Building Construction
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    • v.18 no.6
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    • pp.577-584
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    • 2018
  • In This study, length variation test, shock test, and noise test were conducted to evaluate the performance of synthetic resin form. In addition, the handling easiness of synthetic resin form was examined through field application. Results of both thermal length variation test and shock test satisfied the KS standards. for noise test, the result of uro-form was 106.7dB(A) in average while that of synthetic resin form was 100.4dB(A) in average. It is considered that the high sound pressure level of euro-form with this noise characteristic may have negative physical and psychological impact on people who are consistently exposed in the residential area. Finally, there was no warping or bulging of the mold during concrete placement in the field application. Also, the concrete surface finish of synthetic resin form was better than that of euro-form.

An Analysis on the Determinants and Equity of the Postpartum Care Service Utilization (출산여성의 산후관리서비스 이용 결정요인과 형평성 분석)

  • Sakong, Jin;Park, Dahye
    • Health Policy and Management
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    • v.27 no.4
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    • pp.304-314
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    • 2017
  • Background: This study aimed to analyze effects of postpartum care services to women after birth, identify the factors affecting their use, and examine the extent of income-related inequality in the postpartum care services utilization and expenditures using Korean Health Panel data between 2010 and 2013. Methods: The panel data of the year 2010-2013 of the 247 women after birth were used. First, EuroQoL-5D was used to evaluate the effects of postpartum care service to women's quality of life. Second, multinominal logistic regression analysis was used to identify determinants of the use of the postpartum care services. Finally, concentration index and HIwv (horizontal equity) index were used to find that the concentration index for the inequality in the use of postpartum care services showed negative sign, which implied pro-rich. Results: The estimation results showed that utilization of the postpartum services has a positive effect on women after birth. Also age, area of residence, and number of household members turn out to be the factors of using postpartum services. And there are inequality in the use of postpartum care services whose HIwv index showed positive sign, which implied pro-rich. Conclusion: Therefore, the government's policy of the postpartum care service is necessary to be expanded and diversified considering the personal characteristics and equity of the women after birth.