• East Asian Economic Review
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• 제18권2호
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• pp.143-161
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• 2014

This paper examines the effects of global liquidity expansion on advanced and emerging economies by using panel VAR methodology. The results show that global liquidity expansion tends to boost economy by increasing GDP growth and stock prices. However, we find that the effects are asymmetric. The effects of global liquidity on GDP and stock prices are greater and more persistent in emerging economies than in liquidity recipient advanced economies. Moreover, global liquidity appreciates emerging economies' exchange rates more persistently than those of advanced economies. Lastly, while global liquidity expansion increases foreign portfolio investment inflows to Asian countries and liquidity recipient advanced economies, there is no evidence for Latin American countries.

• 멤브레인
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• 제32권2호
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• pp.91-99
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• 2022

모든 인구 계층에 저렴한 비용으로 깨끗한 물의 수요를 충족시키는 것은 해결해야 할 세계적인 문제이다. 막 분리 공정을 통한 해수 및 기수의 탈염은 효율이 높고 확립된 방법이다. 그러나 막 분리 공정은 막 오염, 제거된 오염물의 처리, 그리고 자본집약적 공정이라는 본질적인 문제가 있다. 전기투석은 전위차가 구동력인 막 기반 분리 공정이다. 전기투석막의 장점은 뛰어난 효율과 저렴한 운영 비용이다. 전기투석공정에서 사용되는 이온교환막은 장기간 효율을 잃지 않기 위해 내화학성과 내열성, 그리고 기계적 안정성이 필요하다. 이 때, 전기투석막의 이온교환용량은 이온교환막의 전도도에 따라 크게 달라진다. 본 리뷰에서는 이온 전도도과 안정성을 향상시키기 위한 양이온 교환막과 음이온 교환막의 개조를 중점적으로 논의하였다.

• Journal of the Korean Data and Information Science Society
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• 제14권4호
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• pp.845-852
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• 2003

Forecasting exchange rate movements is a challenging task since exchange rates impact world economy and determine value of international investments. In particular, Korean-U.S. exchange rate behavior is very important because of strong Korean and U.S. trading relationship. Neural networks models have been used for short-term prediction of exchange rate movements. Least squares support vector machine (LS-SVM) is used widely in real-world regression tasks. This paper describes the use of LS-SVM for short-term and long-term prediction of Korean-U.S. exchange rate.

• East Asian Economic Review
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• 제24권1호
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• pp.61-87
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• 2020

Five diffusion models are estimated using three different foreign exchange rates to find an appropriate model for each. Daily spot exchange rates expressed as the prices of 1 euro, 1 British pound and 100 Japanese yen in US dollars, respectively denoted by USD/EUR, USD/GBP, and USD/100JPY, are used. The maximum likelihood estimation method is implemented after deriving an approximate log-transition density function (log-TDF) of the diffusion processes because the true log-TDF is unknown. Of the five models, the most general model is the best fit for the USD/GBP, and USD/100JPY exchange rates, but it is not the case for the case of USD/EUR. Although we could not find any evidence of the mean-reverting property for the USD/EUR exchange rate, the USD/GBP, and USD/100JPY exchange rates show the mean-reversion behavior. Interestingly, the volatility function of the USD/EUR exchange rate is increasing in the exchange rate while the volatility functions of the USD/GBP and USD/100Yen exchange rates have a U-shape. Our results reveal that more care has to be taken when determining a diffusion model for the exchange rate. The results also imply that we may have to use a more general diffusion model than those proposed in the literature when developing economic theories for the behavior of the exchange rate and pricing foreign currency options or derivatives.

• 한국융합학회논문지
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• 제11권12호
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• pp.429-438
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• 2020

본 연구의 목적은 국제 교류 융합 활성화를 위하여 동남 아시아 간호대학을 대상으로 한국 간호에 대한 요구도를 조사하는 것이다. 본 연구에서는 태국, 베트남, 필리핀에 거주하는 교수와 학생들을 대상으로 Google Form을 활용하여 두 번에 나누어 설문 조사를 실시하였다. 첫 번째 설문조사에서는 간호교육의 큰 범주내에서 요구도 조사를 실시하고, 응급간호와, 감연관리에 관련된 주제가 가장 요구도가 높게 나타났다. 두 번째 설문조사에서는 첫 번째 설문조사결과에 근거하여 세부주제에 대한 요구도를 조사하기 위하여 실시하였고 결과 응급간호에서는 응급환자 중증도 분류가 우선순위가 가장 높은 주제에서 빈도가 제일 높게 나타났으며, 감염관리에서는 COVID-19과 같은 신종감염병에 대한 관리가 우선순위가 가장 높은 주제에서 빈도가 제일 높게 나타났다. 본 연구의 결과를 바탕으로 가장 빈도가 높은 순위에 따라 콘텐츠를 개발하여 국제교류프로그램에 활용할 것에 대하여 제안한다.

• 무역상무연구
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• 제52권
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• pp.25-44
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• 2011

Possibility of credit risk, foreign exchange risk and interest rate risk of exporter increases in the recent international Commercial transactions, due to financial crisis of Europe and liberalization of Middle East. Under this circumstance, Forfaiting is trade finance that forfaiter purchase negotiable debt instrument without recourse from exporter, which occurred related with international commercial transactions, and credit risk, contingency risk, foreign exchange risk and interest rate risk of exporter can be transferred to forfaiter. Forfaiting is typically medium-term finance(three to five years) concluded at fixed interest rate, although it can also arranged on a floating interest-bearing basis for periods from six months to ten years or more. But Forfaiting service of Korea has limitation as follows. First, forfaiting in Korea deals with unrestricted irrevocable documentary credit as debt instruments. Period that forfaiting is provided is short and amount of money is limited, compared with advanced forfaiting. But forfaiting provided in advanced countries deals with various methods such as guarantee for bill, payment guarantee, and can be resold in financial market. Recently importance of forfaiting is increasing in international commercial transactions. Therefore profound study on forfaiting is required. The study will examine the risk that happens to the concerned parties in forfaiting, and its management measures. The study adopted literature review method such as local and foreign books and papers about trade finance, internet information about forfaiting, and professional journal related with international finance.

• 한국시스템다이내믹스연구
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• 제15권4호
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• pp.5-28
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• 2014

국제통상을 하는 기업은 위험 선호도에 따라 금융시장을 통해 외화자산 혹은 외화부채의 헷징(hedging)을 목적으로 파생금융상품을 쉽게 구매할 수 있다. 파생금융상품 시장은 투자와 헷지의 필요에 따라 급속도로 성장해왔다. 기업은 금융 파생금융상품을 통해 환위험 관리를 하면서 위험을 헷징한다. 기초자산을 헷징할 때는 환노출 완화전략으로 헷징이 효과적일 수 있다. 하지만 파생상품을 통한 이익에 대한 욕심과 예상치 못한 환율 변동이 발생할 때 기업에 상당한 위험을 초래할 수도 있다. 본 논문은 환위험을 다루는 파생상품에 내재된 구조적인 위험을 시스템다이내믹스 관점에서 분석하고 있다. 대표적인 파생금융상품인 KIKO는 구조적인 위험 요인 때문에 금융위기에 크나 큰 손실을 끼쳤다. 본 논문에서는 KIKO의 구조적 위험 요인을 모델링하고 실제 사례를 통해 검증하여 파생금융상품의 시스템 구조를 파악하고 내재되어 있는 구조적 위험을 밝혔다.

• International Journal of Internet, Broadcasting and Communication
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• 제12권3호
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• pp.125-130
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• 2020

At the end of 1997, the volatility of the exchange rate intensified as the nation's exchange rate system was converted into a free-floating exchange rate system. As a result, managing the exchange rate is becoming a very important task, and the need for forecasting the exchange rate is growing. The exchange rate prediction model using the existing exchange rate prediction method, statistical technique, cannot find a nonlinear pattern of the time series variable, and it is difficult to analyze the time series with the variability cluster phenomenon. And as the number of variables to be analyzed increases, the number of parameters to be estimated increases, and it is not easy to interpret the meaning of the estimated coefficients. Accordingly, the exchange rate prediction model using artificial neural network, rather than statistical technique, is presented. Using DNN, which is the basis of deep learning among artificial neural networks, and LSTM, a recurrent neural network model, the number of hidden layers, neurons, and activation function changes of each model found the optimal exchange rate prediction model. The study found that although there were model differences, LSTM models performed better than DNN models and performed best when the activation function was Tanh.

• Asian Journal for Public Opinion Research
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• 제4권3호
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• pp.166-177
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• 2017

The Two Nations One Mind film contest was launched by the collaboration between Pukyong National University (PKNU) in Busan, The Republic of Korea (South Korea) and the University of the Thai Chamber of Commerce (UTCC) in Bangkok, Thailand. The project was funded mainly by the Ministry of Foreign Affairs, South Korea. The intention of the project was to increase the recognition of Korea in Thailand through co-production filmmaking between university students from the two countries. This paper aims to look at the feedback from the project participants from both nations as to how international co-productions resulted in cultural exchange and international youth cooperation. The paper also examines the films produced from the project, Blossom, Different (Yet) the Same, Two Taste, Two Nations and When I Was There, for how they reflect the elements of transnational cinema. The comments from the films' audience were also taken as part of the data.

• 통상정보연구
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• 제12권4호
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• pp.111-126
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• 2010

This paper provides an empirical investigation of the determinants of current accounts utilizing an exchange rate (ER), terms of trade (NET), industrial activity (IPI), world import volume (WIM), trade share of the China and Japan (CHJP), proportion of service trade (SERV). The period examined is 1991:1 through 2010:2. It is tested under different cases such as whether variables were cointegrated and whether there was an equilibrium relationship. The result showed that the hypothesis of no cointegrated vector could be rejected at the 5 percent level. The estimated error correction model showed that adjustment speed is fast. This paper also applies impulse-response functions to get additional information by considering the responses of the current account to the shocks of economic variables. The results indicate that current account responds negatively to industrial activity and proportion of service trade, and then decays very quickly.