• Title/Summary/Keyword: Post-Crisis

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Post-earthquake warning for Vrancea seismic source based on code spectral acceleration exceedance

  • Balan, Stefan F.;Tiganescu, Alexandru;Apostol, Bogdan F.;Danet, Anton
    • Earthquakes and Structures
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    • v.17 no.4
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    • pp.365-372
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    • 2019
  • Post-earthquake crisis management is a key capability for a country to be able to recover after a major seismic event. Instrumental seismic data transmitted and processed in a very short time can contribute to better management of the emergency and can give insights on the earthquake's impact on a specific area. Romania is a country with a high seismic hazard, mostly due to the Vrancea intermediate-depth earthquakes. The elastic acceleration response spectrum of a seismic motion provides important information on the level of maximum acceleration the buildings were subjected to. Based on new data analysis and knowledge advancements, the acceleration elastic response spectrum for horizontal ground components recommended by the Romanian seismic codes has been evolving over the last six decades. This study aims to propose a framework for post-earthquake warning based on code spectrum exceedances. A comprehensive background analysis was undertaken using strong motion data from previous earthquakes corroborated with observational damage, to prove the method's applicability. Moreover, a case-study for two densely populated Romanian cities (Focsani and Bucharest) is presented, using data from a $5.5M_W$ earthquake (October 28, 2018) and considering the evolution of the three generations of code-based spectral levels for the two cities. Data recorded in free-field and in buildings were analyzed and has confirmed that no structural damage occurred within the two cities. For future strong seismic events, this tool can provide useful information on the effect of the earthquake on structures in the most exposed areas.

Relationship Between Attachment, Post-traumatic Growth, and Self-realization of Middle-aged Women (중년여성의 애착, 외상 후 성장 및 자기실현과의 관계)

  • Kim, Ok-Hee;Kim, Youn-Kyoung
    • The Journal of the Korea Contents Association
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    • v.16 no.12
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    • pp.507-517
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    • 2016
  • This study examines the types and characteristics of traumatic events middle-aged women experience and to explore the effects of attachment in the process of post-traumatic growth and forming a self-realization. 221 of participants were middle-aged women from the area of Seoul, Gyeong-Gi and the survey was composed of post-traumatic experience questionnaire, attachment scale, post-traumatic growth scale, self-realization scale. The type and characteristics of traumatic experience by middle-aged women were executed by frequency analysis and correlation with the structural equation model validation was used in order to analyze the relationship between each variable. the major findings are First, the loss of someone close(such as death, breaking up, divorce, breaking off) was reported as something general yet the biggest crisis event, Second, looking at the relationship between attachment, post-traumatic growth and self-realization, the secure parental attachment and spiritual transformation showed the correlation in all subregions except the subvariables of humanity and self-acceptance and Third, the results of Structural Equation Modeling shows that attachment has a static effect on post-traumatic growth and self-realization, and post-traumatic growth appeared to be the mediating factor of attachment and self-realization.

Strategic Alliances and Productivity in Air Transport Industry (항공운송산업의 전략적 제휴와 생산성에 대한 연구)

  • Yeo, Kyu-Hun;Lee, Young-Soo
    • Journal of the Korean Society for Aviation and Aeronautics
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    • v.15 no.4
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    • pp.131-141
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    • 2007
  • This paper identifies the productivity in the Global Air Transport Industry for the period of 1995-2001 by testing the Total Factor Productivity with tonqvist method. Based on panel data from 20 major international airline corporations which formed global strategic alliances, we find alliances make a considerably significant contribution to productivity increases. We also find that total factor productivity rate changed surprisingly in Air Transport Industry between pre- and post-Asian financial crisis period.

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A Case Report of Myasthenia Gravis Combined with Thymoma (흉선종양과 Myasthenia Gravis가 합병한 1례 보고)

  • 최수승
    • Journal of Chest Surgery
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    • v.7 no.1
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    • pp.123-126
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    • 1974
  • The incidence of myasthenia gravis in patients with thymomas has been reported from 10 to 50 percent, and the controversy ranges from 8-15 percent. This is the report of myasthenia grayis combined with benign thymoma and obtained relatively good result through surgical treatment at the department of thoracic surgery, National Medical center. The thymoma was mixed type and benign nature. Post operatively this patient was developed myasthenia crisis, and treated with mechanical respirator, and recurred the symptoms about 2months later, but well controlled with medical treatment.

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Growth of Felonies after the 1997 Financial Crisis in Korea (외환위기 이후 흉악범죄의 증가와 정부의 범죄억지정책)

  • Kim, Duol;Kim, Jee Eun
    • KDI Journal of Economic Policy
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    • v.31 no.2
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    • pp.155-194
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    • 2009
  • The Korean economy successfully overcame the macroeconomic downturns driven from the Asian financial crisis in a very short period of time. The economic shock, however, generated a variety of social problems, one of which was the increase in felonies (homicides, robbery, rape, and arson), or degradation of public safety. We argue that the Korean criminal policy has not been effective to ameliorate the rising trends in crime caused by the financial crisis. In order to substantiate this claim, we assess the effectiveness of criminal policy: policing, sentencing, and corrections. First, there has been resource shortage in policing since the 1997 financial crisis. For the past ten years, the investment of human resource and budget in the police has been virtually stagnant, as well as in prosecutors' investigation activities. The insufficient resource allocation in policing caused a huge decline in arrest rates and prosecution rates. Second, the Korean judicial system has not increased the severity of punishment. Comparing the pre- and the post-financial crisis period, the average length of prison sentence by the courts has declined. Given the degrading in the quality of crime and the decreasing amount of inputs into the policing and prosecution, the government should have increased the severity of punishment to deter crime. Third, we found that the government hired more officers and allocated larger budget into prison and probation. However, it is difficult to suggest that the increased level of resources in correctional programs have been effective in preventing released prisoners from committing future crimes. This is because the number of repeat offenders convicted of more than a third offense increased dramatically since 1997, pushing felonies upward. In sum, the government organizations failed to respond respectively or to make coordinated actions, eventually causing a dramatic increase in crimes. This research brings explicit policy implications. In order to prevent possible additional degradation of public safety, the government must put more efforts into increasing the effectiveness of policy and to investing more resources into said policies. We also emphasize the importance of the institutional mechanisms which foster policy coordination among the Police, the Prosecutor's Office, the Ministry of Justice, and other relevant government organizations.

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The Effectiveness of Fiscal Policy in Korea during the Global Financial Crisis (금융위기에 대응한 확장적 재정정책의 효과성 분석)

  • Kim, SeongTae
    • KDI Journal of Economic Policy
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    • v.34 no.4
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    • pp.27-68
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    • 2012
  • This study outlines measures related to fiscal policies aimed at responding to the financial crisis according to the timing of commencement and then examines impacts of expansionary fiscal policies on macro variables so as to extract policy implications. The size of expansionary fiscal policy to respond to the financial crisis is found to total 59.8 trillion won (6.1% of GDP in 2007), among which a total of 30.5 trillion won was the increased fiscal expenditure made by the 2008 supplementary budget, the 2009 revised budget and the 2009 supplementary budget. In addition, tax reductions are found to be a total of 29.3 trillion won, mainly driven by the tax reforms in 2008 and 2009. Examining dynamic changes in macro variables caused by the temporary increase in fiscal expenditure and the tax reductions reveals that the increase effect of the real GDP growth rate brought by a temporary rise in fiscal expenditure excluding tax reduction effects turned out to be 1.1%p in 2009 and 0.3%p in 2010, compared to the period without the increase in fiscal expenditure. Meanwhile, when taking into account the effect of expansionary fiscal policies including tax reduction effects, the increase effect of real GDP turns out to be much higher. In the case of 2009, the real GDP rose additionally by 1.9%p, in which 1.1%p by the increase in fiscal expenditure and 0.8%p by tax reduction. Based on these results, the expansionary fiscal policy conducted during the financial crisis since the second half of 2008 can be seen to have played a significant role in helping the Korean economy post a higher-than-anticipated recovery pace from the economic slowdown triggered by the crisis.

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Impacts of US Monetary Policy on Domestic Bond and FX Swap Markets (미국 통화정책이 국내 채권 및 외환스왑시장에 미치는 영향)

  • Kwon, Yongo;Kim, Mira;So, Inhwan
    • Economic Analysis
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    • v.27 no.1
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    • pp.1-36
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    • 2021
  • Given the US dollar's status as a global safe haven, global factors, such as US monetary policy, may have considerable impacts on financial markets in other countries. Regarding such hypothesis, this paper looked at the impacts of US monetary policy on domestic bond and FX swap markets through an event study. According to our analysis, US monetary policy had significant positive impacts on domestic interest rates. In particular, it turned out to have bigger impacts on long-term products with high term premiums. By period, the correlation between US monetary policy and domestic interest rates was not significant before the financial crisis, but was clearly positive after the crisis. The US conventional monetary policy was seen to have big impacts on short-term and medium-term KTB yields, while its unconventional monetary policy had major impacts on long-term KTB yields. Moreover, FX swap rates reacted very sensitively to US monetary policy shocks before the financial crisis, while they did not show any significant reactions after the crisis. This suggests that, in line with the covered interest rate parity, the impact of US monetary policy shocks was transmitted to domestic financial markets mainly through swap rate adjustments before the global financial crisis, but through the changes in domestic interest rates during the post-crisis period.

A Study on Value Improvement of Postal Admimistration Business (국내 우정사업의 가치향상 방안에 관한 연구)

  • Yoon Jun-Seon;Yu Byeoung-Uk
    • Journal of the Korea Institute of Building Construction
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    • v.6 no.2 s.20
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    • pp.99-104
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    • 2006
  • Among national properties of various governmental offices and departments, we focused on the public finance. Because the financial balance of national properties of governmental offices and departments has been in deficit. This study focuses on postal administration business which faces the financial crisis. The purpose of our study is to show devices for value improvement of postal administration business headquarters of Ministry of Information and Communication. Research was based on case researches and domestic post offices which were decided to rebuild. Problems of domestic postal administration business were first found out. And for its solutions, research on domestic and foreign cases were carried out, superior cases for benchmarking was regulated so that these can be applied to the post offices to be built or to be remodeled.

Trans-boundary Characteristics of the Post-dramatic Play as a Cultural Content (문화콘텐츠로서 포스트드라마 연극의 탈경계적 성격)

  • Song, Eun-A
    • Journal of Korea Entertainment Industry Association
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    • v.13 no.4
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    • pp.157-164
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    • 2019
  • If a drama play is interested in recreating the play text on stage, the post-drama play aims at a drama that has been liberated from the play text. In this process, the boundaries created by drama theater are dismantled. Actors and audiences, fiction and reality, theater and non-theater, works and events, language and non-language are the names of typical boundaries. The demolition of these boundaries is an opportunity to restore the festival character of ancient Greek theater, which was forgotten by drama theater. This has led to the dismantling of language-centric and play-centricism, which has dominated the play since Aristotle, and has led to a new play. If language-centered, play-centricism has brought about the crisis of drama, the post-dramatic play dismisses them and finds ways to communicate with the audience as new cultural content. The method is found above all in the restoration of dramaturgy. This is because the post-drama plays are more dependent on theatricality than literature. The demilitarized nature of post-dramatic play with enhanced theatricality will be a stepping stone to popularization, and this shows the possibility of post-dramatic play as cultural contents.

The Impact of Horizontal Mergers on the Performance of the Jordanian Banking Sector

  • AL-HROOT, Yusuf Ali;AL-QUDAH, Laith Akram;ALKHARABSHA, Faris Irsheid
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.7
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    • pp.49-58
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    • 2020
  • This paper examines the impact of mergers on the financial performance of the Jordanian banking sector. This paper applies the financial approaches in analysing the effects of mergers on Jordanian banks' performance for two the periods: four years pre-merger and four years' post-merger for the period from 2001 to 2009. The sample of the study solely contains the case of the merger of the Jordan Ahli Bank (AHLI bank) with Philadelphia Bank in 2005. Data are tested for normality using the Shapiro-Wilk Test and Kolmogorov Smirnov test. The financial ratios and a statistical technique as a Mann-Whitney U test were used to assess the significant differences in the financial performance of the selected banks pre- and post-merger by investigating the performance-related financial ratio groups that are expressed by leverage, liquidity, efficiency, and cash flow ratio. The results show that there is an insignificant improvement in the ratios of AHLI bank in the period after the merger, except for the superior result provided by this study indicating that the leverage ratios improved significantly. The reason for the insignificant improvement in financial ratios may be that the post-merger period corresponds to the period of the global financial crisis that began in 2007.