• Title/Summary/Keyword: Period of use

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What Prompted Shadow Banking in China? Wealth Management Products and Regulatory Arbitrage

  • SHAH, Syed Mehmood Raza;LI, Jianjun;FU, Qiang
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.12
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    • pp.63-72
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    • 2020
  • Shadow banking in China has been growing rapidly; banks use wealth management products aggressively to evade regulatory constraints. The loan-to-deposit ratio or LDR targets both sides of the balance sheet; loans in terms of asset-side, and deposits in terms of liabilities-side; banks needed to control and maintain both sides. Regulators restricted Chinese banks to maintain a 75% limit for their loan-depositratio. Banks' needed to either lower their loans or increase the deposits; WMPs helped banks to evade this limit. Banks issue more WMPs to control and manage a 75% statutory ceiling LDR. This WMPs-LDR positive association disappeared post-2015 period. This study empirically examined how Chinese banks use WMPs issuance to avoid regulatory constraints. Quarterly panel data for 30 top Chinese banks were used by analyzing pre-2015 (during the 75% LDR limit) and post-2015 (after removal of the LDR limit). This study also performed fixed-effects model as recommended by the Hausman specification test, with feasible generalized least squares FGLS estimation technique. The results of this study show that for the pre-2015 period, Chinese banks use issuance of WMPs aggressively to manage their LDR limit; this WMPs-LDR relationship disappeared post-2015 period. Moreover, SMBs use WMPs more eagerly as compare to Big4 banks.

A Study on Calender(曆法) appeared in "Hwangje-Naegyeong(黃帝內經)" ("황제내경(黃帝內經)"의 역법(曆法)에 관(關)한 연구(硏究);"황제내경(黃帝內經)"의 역법(曆法)과 진한시대(秦漢時代) 역법(曆法)의 비교(比較), 고찰(考察))

  • Kim, Shin-Hyung;Jang, Woo-Chang;Jeong, Chang-Hyun
    • Journal of Korean Medical classics
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    • v.20 no.1
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    • pp.113-123
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    • 2007
  • The astronomical understanding of the heavens in "Hwangje-Naegyeong" can be divided into three main fields: the theory of cosmos, astronomy and calender. "Hwangie-Naegyeong" comprised the theory of cosmos, astronomy and calender established in the Han period. Astronomy was to describe the heavenly world and to interpret its phenomena. Calendar was to make numerical representations of the observations of all kinds of celestial bodies and to give them number-mystical meanings. Theory of cosmos treated what ancient Chinese speculated on the structure of the heavens including the earth. These three fields developed independently. However, they can also be be combined into one tradition, the astronomical knowledge. In the Han period that the astronomical knowledge grew from the mere accumulation of primitive knowledge to the established form. Throughout the Chinese history, the essential contents of astronomical knowledge including the theory of calendar, did not change much from what they were in Han period. "Hwangje-Naegyeong" use the lunisolar calendar(太陰太陽曆) and the Calendar in the late Han period(後漢四分曆). The use of the subdivisions of the seasons(24節氣) and the leap month(閏月) in "Hwangje-Naegyeong" means that it adopted the lunisolar calendar. Also "Hwangje-Naegyeong" adopted the Calendar in the late Han period by the four points: "Hwangje-Naegveong" ruled the circulation of the universe(周天度數) at 365, 1/4 terms, use the The Twenty Eight Constellations in astronomical observation, view the heavenly body by the ecliptic(黃道) and mark down year by the Heavenly Streams & Earthly Branches(干支紀年), The 24 solar terms is made by amount of Yang-Gi(陽氣) and samyum and samyang(三陰三陽) represent the amount of Yang-Gi in the earth.

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Groundwater Hydrological Study of Silla Well in Gyeongju (경주 신라우물의 지하수 수문학적 연구)

  • Bae, Sang Keun
    • Journal of Environmental Science International
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    • v.25 no.1
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    • pp.99-105
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    • 2016
  • In this paper, a groundwater hydrological study of the Gyeongju well during the Silla period is conducted to investigate how sufficiently the Gyeongju well supplied water demand at the time. It is assumed that the current geology and soil condition in Gyeongju remain similar to the Silla period. Also, the land use and land coverage during the Silla period is estimated based on the current land condition in Gyeongju. Precipitation during the Silla period is analyzed using precipitation data from 1984 to 2014 provided by Gyeonju weather station. Precipitation analysis is applied based on 3 different scenarios; precipitation intensity during the Silla period was Case (1) the same as, Case (2) 30% more, and Case (3) 30% less than the precipitation intensity of the last decade (2005~2014). Furthermore, to observe the use of the well in Gyeongju during droughts, the following condition(Case (4)) is also considered; ten year drought during the Silla period was the same as the ten year drought from 1984 to 2014. Available amount of groundwater development is analyzed using NRCS-CN method. The results show that the potential amount of groundwater in Gyeongju during Silla era was for Case (1) $62,825,272m^3/year$, Case (2) $93,606,567m^3/year$, Case (3) $32,277,298m^3/year$, and Case (4)$32,870,896m^3/year$. Also, it has been shown that $45,260,000m^3$ of groundwater were required to supply to all households in Gyeongju during Silla era. Therefore, if the precipitation intensity during Silla era was similar with the last decade, the groundwater would provide enough supply to all households in Gyeongju. However, in the case that the precipitation intensity during Silla era was 30% less than the last decade or a ten year drought happened, it is predicted that the water use in Gyeongju would have been limited.

ENGLISH RESTRUCTURING AND A USE OF MUSIC IN TEACHING ENGLISH PRONUNCIATION

  • Kim, Key-Seop
    • Proceedings of the KSPS conference
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    • 2000.07a
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    • pp.117-134
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    • 2000
  • Kim, Key-Seop(2000). English Restructuring and A Use of Music in Teaching English Pronunciation. JSEP 2000 voU This study has two-fold aims: one is to clarify the restructuring of English in utterance, and the other is to relate it to teaching English pronunciation for listening and speaking with a use of music and song by suggesting a model of 10-15 minute pronunciation class syllabus for every period in class. Generally, English utterances are restructured by stress-timed rhythm, irrespective of syntactic boundaries. So the rhythmic units are arranged in isochronous groups, of which the making is to attach clitic(s) to a host or head often leftwards and sometimes rightwards, which results in linking, contraction, reduction, sound change and rhythm adjustment in utterance, just as in music and song. With English restructuring focused on, a model of English pronunciation class syllabus is proposed to be put forward in class for every period of a lesson or unit. It tries to relate the focused factor(s) in pronunciation to the integrated, with teaching techniques and music made use of.

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Analysis of Quality Change Based on Storage Conditions to Set the Use-by date of Bakery Breads (베이커리 식빵의 소비기한 설정을 위한 보관 방법에 따른 품질 변화 연구)

  • Sun Hye Hwang;Ji Yeon Choi;Min Joo Kim;Yong Sun Cho
    • Journal of Food Hygiene and Safety
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    • v.38 no.4
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    • pp.236-245
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    • 2023
  • In this study, the quality safety limit period of seven types of bakery bread was analyzed, and their use-by date was calculated. For evaluating product quality, storage conditions were set as 5, 15, 25, and 35℃ for 50 days, and moisture, microorganisms, sensory characteristics, and dominant bacteria were examined. The quality and safety standards followed the Korea Food Code and Korean industrial standards (KS). The results showed that all products stored at 5℃ satisfied the standard for bacterial count for day 50, but the sensory quality was below the standard level. Samples stored at 15℃ showed high variability from 3-39 days. At 25℃, a quality safety limit period of 2-20 days was set, and one sample was found to have the same shelf life. Bread stored at 35 ℃ had the shortest quality safety limit period. Considering a safety factor of 0.87, a use-by date period of 1.7-13.1 days was calculated. Therefore, setting the use-by date according to the product type is necessary, even for the same product category. Among the bread products sold in bakeries, those managed as room temperature products (1-35℃) can be distributed and stored in a temperature range of up to 35℃. Overall, this study demonstrates the importance of setting a quality retention period based on the product characteristics and carefully considering the safety factor.

A Study on Fabrics and Pattern of the Excavated Costume During $16{\cdot}17th$ Century in Joseon Period (조선시대 $16{\cdot}17$세기 출토복식의 직물유형 및 문양에 관한 연구)

  • Yim Hyun-Joo;Cho Hyo-Sook
    • Journal of the Korean Society of Costume
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    • v.54 no.8
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    • pp.113-128
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    • 2004
  • This study examined textiles used for ancient costumes of the $16{\cdot}17th$ century in Joseon period, focusing on fabric types and patterns of the costumes from tombs. The purpose of this study was focused on investigating the relationship between fabrics and social backgrounds, especially change in using fabrics through the war from Hidyoshi's Invasion of Korea in 1592. Since the war must have had an effect on the life of people's. The result of the study is that silk occupies $69{\%}$ of all textiles, and cotton, linen follow The weaving method of silk was primarily Plain and satin weaves. However the use of twill, gauze, and double weave, that had led weaving methods of silk during the Koryo Period, were considerably decreased in Joseon Period. Types excavated fabrics in the $16{\cdot}17th$ century Joseon period can be said various. Of this, silk was the most remarkable one till Hidyoshi's Invasion of Korea in 1592, when the ratio of patterned silk dramatically decreased. Contrarily, the ratio of cotton and plain fabric increased rapidly in Hidyoshi's Invasion of Korea in 1592. It is supposed that the result is largely due to unusual condition of the war time. After the war, it is estimated that use of pattened fabric as well as silk was decreased. Patterns of textile fabrics in $16{\cdot}17th$ century were various. In result of surveying a trend of increment and decrement, it is known that the ratio of patterned textile fabrics decreased dramatically in Hidyoshi's Invasion of Korea in 1592 and Manchu war of 1636. Tendency of textile use by social Position is more notable. It is appeared that a lot of silk fabrics were used in High hierarchy. The excavated remain and ratio of silk were the highest in Kyonggi Province including Seoul.

A Study on the Adaptation to Korean Food and Satisfaction with University Foodservice by Residence Period of International Students in Busan (부산광역시 외국인 유학생의 거주기간에 따른 한국 식생활 적응 및 교내급식 만족도 조사)

  • Hong, Kyung Hee;Lee, Hyun Sook
    • Journal of the Korean Society of Food Culture
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    • v.36 no.4
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    • pp.349-361
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    • 2021
  • This study was conducted to investigate the dietary adaptation and use of the university foodservice (UF) in Korea according to the residence period of foreign students. The average length of residence in Korea of t he subjects was 8.2 months. The period of residence was divided into quartiles: 1-4 months in the first quartile (average 2.2 months), 5-7 months in the second quartile (average 6.3 months), 8 months in the third quartile, and 9-66 months in the fourth quartile (average 18.3 months). The regularity of meals tended to be the highest in the 1st quartile and lowest in the 2nd quartile and then increased in the 3rd and 4th quartiles. The frequency of consumption of delivery food and convenience store food was lowest in the first quartile and highest in the second quartile and then decreased with the period of residence. The frequency of night eating increased according to the period of residence after the second quartile. The degree of adaptation to Korean foods was highest in the first quartile. The use of the university cafeteria was significantly higher in the 1st and 4th quartiles than in the 2nd and 3rd quartiles (p<0.05, p<0.01, respectively). The satisfaction with the UF decreased as the residence period increased. Based on these results, since international students are very positive and try to adapt to the dietary life in Korea in their early years of studying in Korea, it would be desirable to intensively support them to adjust to their dietary life at this time. In addition, since it takes about 18 months or more to assimilate the Korean food culture and show positive changes, it is necessary to continuously operate the Korean food culture adaptation program for international students over this period.

Effects of CO2 and Climate on water use efficiency and their linkage with the climate change

  • Umair, Muhammad;Kim, Daeun;Choi, Minha
    • Proceedings of the Korea Water Resources Association Conference
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    • 2019.05a
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    • pp.149-149
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    • 2019
  • Gross Primary production (GPP) and evapotranspiration (ET) are the two critical components of carbon and water cycle respectively, linking the terrestrial surface and ecosystem with the atmosphere. The ratio between GPP to ET is called ecosystem water use efficiency (EWUE) and its quantification at the forest site helps to understand the impact of climate change due to large scale anthropogenic activities such as deforestation and irrigation. This study was conducted at the FLUXNET forest site CN-Qia (2003-2005) using Community land model (CLM 5.0). We simulated carbon and water fluxes including GPP, ecosystem respiration (ER), and ET using climatic variables as forcing dataset for 30 years (1981-2010). Model results were validated with the FLUXNET tower observations. The correlation showed better performance with values of 0.65, 0.77, and 0.63 for GPP, ER, and ET, respectively. The model underestimated the results with minimum bias of -0.04, -1.67, and -0.40 for GPP, ER, and ET, respectively. Effect of climate 'CLIM' and '$CO_2$' were analyzed based on EWUE and its trend was evaluated in the study period. The positive trend of EWUE was observed in the whole period from 1981-2010, and the trend showed further increase when simulated with rising $CO_2$. The time period were divided into two parts, from 1981-2000 and from 2001 to 2010, to identify the warming effect on EWUE. The first period showed the similar increasing trend of EWUE, but the second period showed slightly decreasing trend. This might be associated with the increase in ET in the wet temperate forest site due to increase in climate warming. Water use efficiency defined by transpiration (TR) (TWUE), and inherent-TR based WUE (IT-WUE) were also discussed. This research provides the evidence to climate warming and emphasized the importance of long term planning for management of water resources and evaporative demand in irrigation, deforestation and other anthropogenic activities.

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Optimal Design of a Direct-Drive Permanent Magnet Synchronous Generator for Small-Scale Wind Energy Conversion Systems

  • Abbasian, Mohammadali;Isfahani, Arash Hassanpour
    • Journal of Magnetics
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    • v.16 no.4
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    • pp.379-385
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    • 2011
  • This paper presents an optimal design of a direct-drive permanent magnet synchronous generator for a small-scale wind energy conversion system. An analytical model of a small-scale grid-connected wind energy conversion system is presented, and the effects of generator design parameters on the payback period of the system are investigated. An optimization procedure based on genetic algorithm method is then employed to optimize four design parameters of the generator for use in a region with relatively low wind-speed. The aim of optimization is minimizing the payback period of the initial investment on wind energy conversion systems for residential applications. This makes the use of these systems more economical and appealing. Finite element method is employed to evaluate the performance of the optimized generator. The results obtained from finite element analysis are close to those achieved by analytical model.

Development of Design Catalogue to Reduce the Design Period for Recycling (리사이클링 고려 설계시간 단축을 위한 설계카탈로그의 개발)

  • Lee K.S.
    • Korean Journal of Computational Design and Engineering
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    • v.11 no.1
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    • pp.67-76
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    • 2006
  • Today the tastes of consumers change rapidly and the kinds of the products become diverse. There- fore the product life cycle becomes shorter and shorter. Moreover the save of resources and the recycling for the environmental preservation are the essential theme. On this the necessary information for the product development increases enormously. For the right use of the information the design process should be supported by the proper design tool. For this the 'design catalogue system for recycling' is suggested here. This system consists of four parts. that is, 'the existing automobile system database', 'welting principle database', 'Assessment system of the ease of disassembly' and 'one's own product development ratabase'. By the use of this system the product development period could be reduced about 30% drastically.