• KDI Journal of Economic Policy
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• v.28 no.1
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• pp.193-218
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• 2006

This paper examines the macroeconomic structural differences of the free floating exchange rate regime and the managed float exchange rate regime focusing on the Korean economy, and compares it to the two benchmark economies, Japan and Australia. Korea's shift to the free floating exchange rate regime from the managed float exchange rate regime came after the 1997 economic crisis. Korea's exchange rate policy provides a unique opportunity to study the different behaviors or roles, if any, of managed float and free floating exchange rate regimes. Based on a simple monetary model, we find that the exchange rates of Korea are more sensitive to the economic fundamentals under the free floating regime than under the managed float regime. Impulse response analysis shows that exchange rate pass-through into domestic variables, especially inflation rate, has a bigger short-term impact under the floating regime than under the managed regime. This finding is consistent with the view that the managed (or fixed) regime provides the domestic price stability necessary for the economic growth for the developing countries.

• Journal of Advanced Marine Engineering and Technology
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• v.23 no.2
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• pp.192-200
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• 1999

This paper describes experimental investigations of helium-air exchange flow through parti-tioned opening. Such exchange flow may occur following rupture accident of stand pipe in high temperature gas cooled reactor. A test vessel with a opening on top of test cylinder is used for experiments. An estimation method of mass increment is developed and applied to measure the exchange flow rate. A technique of flow visualization by Mach-Zehnder interferometer is provided to recognize the exchange flows. Flow measurements are made with partitioned opening for parti-tion rations $H_p/H_1$ in the range 0 to 1 where $H_p$ and $H_1$ are partition length and height of the open-ing respecticely. In the case of $H_p/H_1$ of 0 flow passages of upward flow of the helium and down-ward flow of the air within the opening are unseparated (bidirectional) and the two flows interact exchange flow rate is minimum through range of the partition ratios, Two flow zones i.e. separat-ed(unidirectional)flow zone and unseparated(bidirectional) flow zone exist with increasing the partition. length, The exchange flow rate increases with increasing the separated flow zone. It is found that a maximum exchange flow rate exists at $H_p/H_1$ of 1. As a result fo comparison of the exchange flow rates by changing the partition ration the fluids interaction in the unseparated zone is found to be an important factor on the helium-air exchange flow rate.

• Journal of The Korean Society of Agricultural Engineers
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• v.51 no.6
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• pp.53-62
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• 2009

The EFDC (Environmental Fluid Dynamics Code), a numerical model for simulating three-dimensional (3D) flow, transport, and biogeochemical processes in surface water systems including rivers, reservoirs, and estuaries, was applied to assess the effect of sea water and fresh water exchange rates ($Q_e$) on the mixing characteristics of a conservative pollutant (tracer) induced from upstreams and salinity in Saemangeum Lake, Korea. The lake has been closed by a 33 km estuary embankment since last April of 2006, and now seawater enters the lake partially through two sluice gates (Sinsi and Garyuk), which is driving the changes of hydrodynamic and water quality properties of the lake. The EFDC was constructed and calibrated with surveyed bathymetry data and field data including water level, temperature, and salinity in 2008. The model showed good agreement with the field data and adequately replicated the spatial and temporal variations of the variables. The validated model was applied to simulated the tracer and salinity with two different gate operation scenarios: RUN-1 and RUN-2. RUN-1 is the case of real operation condition ($Q_e=25,000,000\;m^3$) of 2008, while RUN-2 assumed full open of Sinsi gate to increase $Q_e$ by $120,000,000\;m^3$. Statistical analysis of the simulation results indicate that mixing characteristics of pollutants from upstream can be significantly affected by the amount of $Q_e$.

• Journal of Institute of Control, Robotics and Systems
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• v.17 no.9
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• pp.932-940
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• 2011

This paper presents an integrated analysis of supply chain and financing decisions of multi-national corporation. We construct a model in which multiple currency storage units are installed to manage the currency flows associated with multi-national supply chain activities such as raw material procurement, process operation, inventory control, transportation and finished product sales. Core contribution of this study is to quantitatively investigate the influence of macroscopic economic factors such as exchange rates and taxes on operational decisions. The supply chain is modeled by the Process-Storage Network with recycle streams. The objective function of the optimization is minimizing the opportunity costs of annualized capital investments and currency/material inventories minus the benefit to stockholders interpreted by home currency. The major constraints of the optimization are that the material and currency storage units must not be depleted. A production and inventory analysis formulation, the periodic square wave (PSW) model, provides useful expressions for the upper/lower bounds and average levels of the currency and material inventory holdups. The expressions for the Kuhn-Tucker conditions of the optimization problem are reduced to a subproblem and analytical lot sizing equations. The procurement, production, transportation and financial transaction lot sizes can be determined by analytical expressions after the average flow rates are already known. We show that, when corporate income tax is taken into consideration, the optimal production lot and storage sizes are smaller than is the case when such factors are not considered typically by 20 %.

• Nuclear Engineering and Technology
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• v.52 no.10
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• pp.2370-2378
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• 2020

Building materials contribute significantly to the indoor radon and thoron levels. Therefore, parameters that influence the exhalation rates of radon and thoron from building material need to be analyzed closely. As a preliminary study, the effects of humidity on exhalation rates were measured using a system with an accumulation chamber and RAD7 detector for Korean brick, Korean soil, and Indonesian brick. Resulting doses to a person who resides in a room constructed from the building materials were assessed by UNSCEAR method for different air exchange rates. The measurements have revealed that Korean brick exhaled the highest radon and thoron while Indonesian brick exhaled the lowest thoron. Results showed that for a typical low dense material, radon and thoron exhalation rate will increase until reached its maximum at a certain value of humidity and will remain saturated above it. Analysis on concentration and effective dose showed that radon is strongly affected by air exchange rate (ACH). This is showed by about 66 times decrease of radon dose from 0.00 h^-1 to those of 0.50 h^-1 ACH and decrease by a factor of 2 from 0.50 h^-1 to those of 0.80 h^-1. In case of thoron, the ACH doesn't have significant effects on effective dose.

• International Area Studies Review
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• v.21 no.2
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• pp.3-20
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• 2017

Traditional co-integration analysis method is known to be difficult to clearly determine the relationship between the cointegrated variables. This study utilizes a fractional cointegation method and a causal analysis of time and frequency domain among the exchange rates of Korea, China and Japan. The results show that even though traditional cointegration methods did not clarify the existence of cointegration, exchange rates were fractionally cointegrated. Causal analysis of time domain and frequency domain provided somewhat different results, but the yen/dollar was useful for forecasting won/dollar and yuan/dollar. Proper use of causal analysis of frequency domain and fractional cointegration emthods may provide useful information that can not be explained from the traditional method.

• International Area Studies Review
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• v.13 no.1
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• pp.3-16
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• 2009

This paper investigates the existence of uncovered interest rate parity between the Korea-USA as well as the Korea-Japan. We may ascertain the existence of uncovered interest rate parity by examining the empirical relationship between real exchange rates and interest rate differentials in the Korea-USA as well as in the Korea-Japan. The empirical relationship between real exchange rates and interest rate differentials in the Korean-USA and Korean-Japanese economies is investigated using cointegration tests. In the context of this study, cointegration technique is appropriate to examine the relationship between two(or more) nonstationary time series. Also, this method is useful to detect the possibility that the nonstationarity in both series can be explained by a single factor. The empirical results support the nonexistence of a long run equilibrium relation between real exchange rates and interest rate differentials. Also, the results show that the nonstationarity cannot be explained by a single factor.

• Investigative Magnetic Resonance Imaging
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• v.5 no.1
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• pp.33-37
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• 2001

Purpose : The water exchange rate between bulk water and bound water is an important parameter in deciding the efficiency of paramagnetic contrast agents. In this study, we evaluated the water exchange rates of various Gd-chelates using oxygen-17 NMR technique. Material and Methods : The samples (Gd-DTPA, Gd-DTPA-BMA, Gd-DOTA, Gd-EOB-DTPA) were prepared by mixing 5% $^{17}O-enriched$ water (Isotech, USA). The pH of the samples was adjusted to physiological value [pH=7.0] by buffer solution. The variable temperature $^{17}O-NMR$ measurements were performed using Bruker-600 (14.1 T, 81.3 MHz) spectrometer. Bruker VT-1000 temperature control units were used to stabilize the temperature. The $^{17}O$ spin-spin relaxation times (T2) were measured using Carr-Purcell-Meiboom-Gill (CPMG)I pulse sequence with 24 echo trains. The variable temperature T2 relaxation data were then fitted into Solomon-Bloembergen equations using least square fit algorithm to estimate the water exchange times. Results : From the measured $^{17}O-NMR$ relaxation rates, the determined water exchange rates at 300K are $0.42{\;}{\mu}s$ for Gd-DTPA, $1.99{\;}{\mu}s$ for Gd-DTPA-BMA, $0.27{\;}{\mu}s$ for Gd-DOTA, and $0.11{\;}{\mu}s$ for Gd-EOB-DTPA. The Gd-DTPA-BMA showed slowest exchange whereas Gd-EOB-DTPA had fastest water exchange rate. In addition, it was found that the water exchange rates (${\tau}_m$) of all samples had exponential temperature dependence with different decay constant. Conclusion : $^{17}O-NMR$ relaxation rate measurements, when combined with variable temperature technique, provide a solid tool for studying water exchange rate, which is very important in investigating the detailed mechanism of relaxation enhancement effect of the paramagnetic contrast agents.

• The Journal of the Institute of Internet, Broadcasting and Communication
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• v.24 no.2
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• pp.185-190
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• 2024

In 2022, we can see the real estate market in Korea going down. Corona 19 and the Russian invasion of Ukraine are cited as the biggest causes for this. These two problems ignited the economic recession, causing prices to fall and subsequently raising exchange rates and interest rates. Due to the aforementioned problems in the previously active real estate market, the number of actual transactions has decreased, resulting in a decline in the real estate market due to high interest rates. Data provided by the public data portal, KOSIS, and the Seoul Metropolitan Government were collected through Logstash, transferred to Elasticsearch, and visualized inflation, exchange rates, and loan interest rates using the dashboard function provided by Kibana, to analyze causes and derive results. In addition, three specific apartments in Nowon-gu and Jongno-gu, which have the highest number of actual transactions in Seoul, are selected and the actual transaction prices that change every month are displayed in the Data Table.

• Asian Journal of Atmospheric Environment
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• v.6 no.4
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• pp.259-267
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• 2012

To clarify the effects of black carbon (BC) particles on growth and gas exchange rates of Asian forest tree species, the seedlings of Fagus crenata, Castanopsis sieboldii, Larix kaempferi and Cryptomeria japonica were exposed to BC particles with sub-micron size for two growing seasons from 1 June 2009 to 11 November 2010. The BC particles deposited after the exposure to BC were observed on the foliar surface of the 4 tree species. At the end of the experiment, the amount of BC accumulated on the foliar surface after the exposure to BC aerosols were 0.13, 0.69, 0.32 and 0.58 mg C $m^{-2}$ total leaf area in F. crenata, C. sieboldii, L. kaempferi and C. japonica seedlings, respectively. In August 2010, the exposure to BC particles did not significantly affect net photosynthetic rate under any light intensity, stomatal diffusive conductance to water vapour ($g_s$), stomatal limitation of photosynthesis, response of $g_s$ to increase in vapour pressure deficit and leaf temperature under light saturated condition in the leaves or needles of the seedlings. These results suggest that the BC particles deposited on the foliar surface did not reduce net photosynthesis by shading, did not increase leaf temperature by absorption of irradiation light, and did not induce plugging of stomata in the leaves or needles of the seedlings. There were no significant effects of BC particles on the increments of plant height and stem base diameter during the experimental period and the whole-plant dry mass at the end of the experiment. These results indicate that the exposure to BC particles with sub-micron size for two growing seasons did not significantly affect the growth and leaf or needle gas exchange rates of F. crenata, C. sieboldii, L. kaempferi and C. japonica seedlings.