• 제목/요약/키워드: Money supply

검색결과 127건 처리시간 0.018초

조선전기 면직물 발달에 관한 연구 (A Study on the Development of Cotton Fabrics during the Early Chosun Period)

  • 조효숙
    • 복식
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    • 제45권
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    • pp.41-54
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    • 1999
  • The purpose of this thesis is to trace the development of cotton Early Chosun Period by examining the historical literary sources : such as production of cotton various uses of cotton trade with other countries The developement process of cotton fabrics during this period can be divided into three stages. The first stage which can be discribed as a settling period lasted 27 years from A.D. 1392 to 1418. In this stage cotton fabrics were just about to be used as fabrics for popular clothing. The second stage which can be discribed as a developmental period lasted 50 years from A. D.1418 to 1468. In this stage cotton fabrics were mainly produced in the southern parts of the country which are Kyungasng-Do, Choongcheng-Do and Jeunla-Do. And cotton fabrics were used not only by the common people but also by the royal family. The third stage, that is the last one was an extensive period and lasted from A.D.1469 to 1592. In this stage as the demand for cotton fabrics greatly increased the production from southern parts of the country fell in short of the supply needed. Therefore the production was extended to the northwestern parts. In addition cotton fabrics finally came to be used as money to value the goods.

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위상이동 실시간 홀로그래픽 간섭법을 이용한 파이프의 내부결함 측정법 (Measurement Mothod for Internal Defect of Pipe by Using Phase Shifting Real-Time Holographic Interferometry)

  • 강영준;문상준
    • 한국정밀공학회지
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    • 제13권2호
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    • pp.68-75
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    • 1996
  • More accurate inspection method for facilities of nuclear power plants is required to guarantee the continuous and stable energy supply. The portion of inspection for pipes and pressure vessels is relatively big in the power plants. Conventional inspection methods using ultrasonic wave, x-ray and eddy current for nondestructive testing in nuclear power plants have been performed as the method of contact with objects to be inspected. With this reason these methods have been taken relatively much time, money and manpower. And the area to be inspected is limited by the location of probe or film. These difficulties make the inspection into a time-consuming work. We propose an optical defect detection method using phase shifting realtime holographic interferometry. This method has an advantage that the inspection can be performed at a time for relatively wide area illuminated by the laser beam, a coherent light source and can help an inspector recognize not only defects but also the high stressed areas. In this paper we show that the quantitative measurement using holographic interferometry and image processing for defect in pressure vessels is possible.

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관여가 의복품목별 평가기준에 미치는 영향 (Effect of Involvement on Evaluative Criteria of Clothing Items)

  • 조은영;홍병숙
    • 복식
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    • 제23권
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    • pp.183-196
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    • 1994
  • The purpose of this study is , by analyze the relationship among clothing involvement which is major expanatory variable in the stage of product purchase and consumption, evaluation criteria of housewives, to help to give understanding the concept of involvement and to supply the fundamental data for constructing marketing stratege. The subject of this study was a 510 housewives and the items of study were three such as suit , one piece dress, blouse, skirt , and blue jean, T-shirt. For analyzing data frequency analysis, percent , mean , standard deviation , factor analysis. F-test, Duncan -test , MANOVA, t-test , and Pearson's product -moment correlation coefficient were used. The results are as follows. 1. Clothing involvement was divided into 4 dimensions such as fashion, pleasure, symbolism, and perceived risk. Evaluative criteria had 5 dimensions such as harmony , dignity , practicality , price, and fashion. 2. There was significant difference in the occupaton of working housewives and the expenditure of money on clothing concerning clothing involvement. 3. There was significant difference in items concerning the degrees of importance of each evaluation factor. Harmony was the first important dimension and practicality was the second by housewives. The degree of clothing involvement has a significant positive correlation with the factors of evaluation on each item. Each dimension of clothing involvement had a significant positive correlation with the factors of evaluation.

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국내 벤처캐피탈시장의 현황과 개선방안 (An Analysis and Policy Issues of the Korean Venture Capital Markets)

  • 김희경
    • 한국산학기술학회논문지
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    • 제3권3호
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    • pp.203-209
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    • 2002
  • 국내 벤처산업은 정부 주도의 벤처육성정책, 정보·통신 기술의 발달, KOSDAQ시장의 활황 등으로 인하여 급격한 성장을 하였다. 그러나 최근 국내 벤처산업은 정부의 인위적인 정책과 지원으로 인한 압축성장에 따른 많은 폐해에 직면하고 있으며 장기 침체상태로 빠져들 가능성이 있어 보인다. 이것은 국내 벤처산업이 선진국에서 볼 수 있는 벤처캐피탈시장에 바탕을 둔 자생적 성장을 하지 못했기 때문이다. 본 논문은 향후 국내 벤처산업의 지속적인 발전에 관건이 될 벤처캐피탈시장의 현황을 분석하고 개선방안을 모색하였다. 또한 본 논문은 국내 벤처캐피탈시장을 활성화시키기 위한 방안으로 투자조합의 규모 증대 및 해외 벤처캐피탈의 유입 등을 통한 자금조달인의 확대, 지분참여 투자형태로의 자금운용, 코스닥시장의 활성화 등을 제시하였다.

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글로벌 물시장에서의 기후 금융과 ODA자금 동향 조사 (Trends in climate finance and ODA for global water infrastructure)

  • 김자겸;김승현;손진식
    • 상하수도학회지
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    • 제34권3호
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    • pp.169-182
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    • 2020
  • ODA finance in the water sector has decreased after reaching a peak in 2012 although total ODA commitments have steadily increased according to OECD DAC data. However, climate finance in the water sector has increased so much since 2013 according to 7 MDB Joint report on Climate Finance. Water, especially, in climate change is the main issue for adaptation, and the total finance in the water sector reached 50% of the international public adaptation finance in 2016. However, the procedures for approval and the requirements of the proposals for climate funds are different from those for development finance. Notwithstanding the changes in money flows in the water sector, most korean engineering consulting firms in the water infrastructure area are not ready to win the funds relating to climate change. Therefore, It is important to understand a variety of sources of climate funds, characteristics, funding scale on each purpose and procedures for approval. Korean government needs to provide the firms the opportunities to buildup experiences by getting involved in climate adaptation projects with the financial support for developing PPFs, concept notes, and proposals.

Some Dependence Structures of Multivariate Processes

  • Jong Il Baek
    • Communications for Statistical Applications and Methods
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    • 제2권1호
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    • pp.201-208
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    • 1995
  • In the last years there has been growing interest in concepts of positive dependence for families of random variables such that concepts are considerable us in deriving inequalities in probability and statistics. Lehman introdued various concepts of positive dependence for bivariate random variables. A much stronger notions of positive dependence were later considered by Esary, Proschan, and Walkup. Ahmed et al and Ebrahimi and Ghosh also obtained multivariate versions of various bivariate positive dependence as descrived by Lehman. See also Block al. Glaz and Johnson an Barlow and Proschan and the references there. Multivariate processes arise when instead of observing a single process we observe several processes, say $X_19t), \cdots, X_n(t)$ simultaneously. For example, in an engineering context we may want to study the simultaneous variation of current and voltage, or temperature, pressure and volume over time. In economics we may be interested in studying inflation rates and money supply, unemployment and interest rates. We could of course, study each quantity on its own and treat each as a separate univariate process. Although this would give us some information about each quantity it could never give information about the interrelationship between various quantities. This leads us to introduce some concepts of positive and for multivariate stochastic processes. The concepts of positive dependence have subsequently been extended to stochastic processes in different directions by many authors.

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The Effect of Exchange Rates and Interest Rates of Four Large Economies on the Health of Banks in ASEAN-3

  • PURWONO, Rudi;TAMTELAHITU, Jopie;MUBIN, M. Khoerul
    • The Journal of Asian Finance, Economics and Business
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    • 제7권10호
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    • pp.591-599
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    • 2020
  • This study examines how the health of the banks in ASEAN-3 countries namely Indonesia, Malaysia and Thailand respond to the change in exchange rates and foreign interest rates in four large economies. The transmissions of the two external factors through domestic factors in each ASEAN-3 countries eventually affects Non-Performing Loan (NPL) of commercial banks. This study uses the monthly time series data and the renowned Structural Vector Autoregressive (VAR) model comprising five variables, namely exchange rate, foreign interest rate, domestic interest rate, money supply, and non-performing loan (NPL). The results indicate that there are different effects between ASEAN-3 countries, which can be classified as short-run effect and long-run effect. In the long run effect, external factors have a dominant role in determining NPL in ASEAN-3 countries. Yuan has the biggest effect on Malaysia's NPL, while Indonesia is more affected by European interest rates rather than the fluctuation of the US currency and China's interest rates. Among ASEAN-3 countries, Malaysia is the one that is the most vulnerable to external factors. While Thailand's NPL is affected dominantly by domestic factors. This study shows that the Fed Funds Rate (US official interest rate) is not always the dominant factor affecting the health of domestic banks in ASEAN-3.

Efficiency of Sterilization Policies by the State Bank of Vietnam

  • HOANG, Hang Thi Thanh;NGUYEN, Phung Thi Kim;NGUYEN, Phuc Tran
    • The Journal of Asian Finance, Economics and Business
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    • 제7권10호
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    • pp.87-94
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    • 2020
  • This study aims to evaluate the effectiveness of sterilization in Vietnam. We estimate a simultaneous equation by using Two-Stage least squares (2SLS) regression analysis. The time-series data was collected for the first quarter of 2004 to the fourth quarter of 2018. In particular, the effectiveness of sterilization is considered in terms of dollarized economy, since making the transition from a centrally planned to a market economy system, the Vietnamese economy has remained in a state of dollarization. In addition, we also assess whether the global financial crisis had an impact on the sterilization effectiveness of the State Bank of Vietnam (SBV). On the basis of the estimated sterilization and offset coefficients, our results suggest that the State Bank of Vietnam (SBV) has not been able to fully neutralize the impact on the domestic money supply when intervening in the foreign exchange market, and the capital inflows respond strongly to changes in domestic monetary conditions. The results also show that the global financial crisis has changed the effectiveness of these sterilization policies. An analysis of this study's empirical findings provides the opportunity to derive some recommendations that may assist in increasing the effectiveness of the State Bank of Vietnam's sterilization policies in the process of accumulating international reserves.

A Survey of the Application of Blockchain in Multiple Fields of Financial Services

  • Wang, Yiran;Kim, Dae-Kyoo;Jeong, Dongwon
    • Journal of Information Processing Systems
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    • 제16권4호
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    • pp.935-958
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    • 2020
  • The core value of finance is credit. It can be said that without credit, there can be no finance. The distributed structure of the blockchain and the low-cost trust-building mechanism based on mathematical algorithms provide a new solution and path for solving and optimizing related problems in the financial field. The blockchain technology is applied in the development of the financial industry through consensus mechanisms, smart contracts, and distributed networks. In this research, a comprehensive survey of the blockchain technology is proposed in the development of financial services including equity crowdfunding and credit investigations in inclusive finance, cross-border remittance, Internet financial payment, P2P lending, supply chains finance, and the application of blockchain in the field of anti-money laundering. This paper discusses the role of blockchain in solutions to different issues in the financial field. It also discusses the architectures in different financial service application scenarios from the perspective of the financial trust mechanism and the perspective of the technology and rule change of blockchain participation in financial innovation. Finally, the problems and challenges of blockchain in financial services are discussed, and corresponding solutions are proposed.

Long-run and Short-run Causality from Exchange Rates to the Korea Composite Stock Price Index

  • LEE, Jung Wan;BRAHMASRENE, Tantatape
    • The Journal of Asian Finance, Economics and Business
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    • 제6권2호
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    • pp.257-267
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    • 2019
  • The paper aims to test long-term and short-term causality from four exchange rates, the Korean won/$US, the Korean won/Euro, the Korean won/Japanese yen, and the Korean won/Chinese yuan, to the Korea Composite Stock Price Index in the presence of several macroeconomic variables using monthly data from January 1986 to June 2018. The results of Johansen cointegration tests show that there exists at least one cointegrating equation, which indicates that long-run causality from an exchange rate to the Korean stock market will exist. The results of vector error correction estimates show that: for long-term causality, the coefficient of the error correction term is significant with a negative sign, that is, long-term causality from exchange rates to the Korean stock market is observed. For short-term causality, the coefficient of the Japanese yen exchange rate is significant with a positive sign, that is, short-term causality from the Japanese yen exchange rate to the Korean stock market is observed. The coefficient of the financial crises i.e. 1997-1999 Asian financial crisis and 2007-2008 global financial crisis on the endogenous variables in the model and the Korean economy is significant. The result indicates that the financial crises have considerably affected the Korean economy, especially a negative effect on money supply.