• The Journal of Asian Finance, Economics and Business
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• 제8권4호
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• pp.113-124
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• 2021

The study investigates how financial markets respond to a shock to tone and semantic similarity of the Bank of Thailand press releases. The techniques in natural language processing are employed to quantify the tone and the semantic similarity of 69 press releases from 2010 to 2018. The corpus of the press releases is accessible to the general public. Stock market returns and bond yields are measured by logged return on SET50 and short-term and long-term government bonds, respectively. Data are daily from January 4, 2010, to August 8, 2019. The study uses the Structural Vector Auto Regressive model (SVAR) to analyze the effects of unanticipated and temporary shocks to the tone and the semantic similarity on bond yields and stock market returns. Impulse response functions are also constructed for the analysis. The results show that 1-month, 3-month, 6-month and 1-year bond yields significantly increase in response to a positive shock to the tone of press releases and 1-month, 3-month, 6-month, 1-year and 25-year bond yields significantly increase in response to a positive shock to the semantic similarity. Interestingly, stock market returns obtained from the SET50 index insignificantly respond to the shocks from the tone and the semantic similarity of the press releases.

• 전기학회논문지
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• 제65권8호
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• pp.1466-1477
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• 2016

This paper analyzes the electrical characteristic such as the impedance(Z), inductance(L), and cable resistance($R_p$) according to the change of cable length in order to move the electrical sorting device for distinguishing between AF non-insulated track circuits from the center of railway to outside railway. The simulation is performed to check the voltage difference between the voltage of sender and the voltage of receiver and determine the possibility of the voltage restoration availability in the frequency filter band through the capacitor compensation. It was applied to the results of the simulation to the sorting devices installed in the actual field. It is proved the availability by checking the measured voltage characteristic according to the capacitor compensating change of $10{\mu}F$ and $16{\mu}F$ before, and after the length of cable is increased with 6 meters. Through this, the prevention of breakdown and damage to facilities and the prevention the safety-related accidents of line workers from the train are expected according to moving the sorting devices of AR non-insulated track circuits to outside railway.