• Title/Summary/Keyword: T-note

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The Price-discovery of Korean Bond Markets by US Treasury Bond Markets by US Treasury Bond Markets - The Start-up of Korean Bond Valuation System - (한국 채권현물시장에 대한 미국 채권현물시장의 가격발견기능 연구 - 채권시가평가제도 도입 전후를 중심으로 -)

  • Hong, Chung-Hyo;Moon, Gyu-Hyun
    • The Korean Journal of Financial Management
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    • v.21 no.2
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    • pp.125-151
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    • 2004
  • This study tests the price discovery from US Treasury bond markets to Korean bond markets using the daily returns of Korean bond data (CD, 3-year T-note, 5-year T-note, 5-year corporate note) and US treasury bond markets (3-month T-bill, 5-year T-note 10-year T-bond) from July 1, 1998 to December 31, 2003. For further research, we divide full data into two sub-samples on the basis of the start-up of bond valuation system in Korean bond market July 1, 2000, employing uni-variate AR(1)-GARCH(1,1)-M model. The main results are as follows. First the volatility spillover effects from US Treasury bond markets (3-month T-bill, 5-year T-note, 10-year T-bond) to Korean Treasury and Corporate bond markets (CD, 3-year T-note, 5-year T-note, 5-year corporate note) are significantly found at 1% confidence level. Second, the price discovery function from US bond markets to Korean bond markets in the sub-data of the pre-bond valuation system exists much stronger and more persistent than those of the post-bond valuation system. In particular, the role of 10-year T-bond compared with 3-month T-bill and 5-year T-note is outstanding. We imply these findings result from the international capital market integration which is accelerated by the broad opening of Korean capital market after 1997 Korean currency crisis and the development of telecommunication skill. In addition, these results are meaningful for bond investors who are in charge of capital asset pricing valuation, risk management, and international portfolio management.

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Understanding the Internet of Things: Education and Experience

  • Yun, Jaeseok
    • Journal of the Korea Society of Computer and Information
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    • v.23 no.12
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    • pp.137-144
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    • 2018
  • In this paper, we propose an well-organized lecture note for giving a better understanding on the Internet of Things (IoT) to people including non-computer majors without computing and communication knowledge. In recent years, the term 'IoT' has been popularized, and IoT will make a huge impact on our industries, societies, and environments. Although there are large amount of literature on presenting IoT from technological perspectives, few are published that are organized for teaching students having non-computer-related majors. Based on research and education experiences on IoT, we tried to make a lecture note focusing on the process of collecting data from everyday objects, transmitting and sharing data, and utilizing data to create new values for us. The proposed lecture note was employed in teaching a liberal arts class, and it was shown that students could have an understanding of what IoT really means and how IoT could change our world.

A NOTE ON WEYL'S THEOREM FOR *-PARANORMAL OPERATORS

  • Kim, An-Hyun
    • Communications of the Korean Mathematical Society
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    • v.27 no.3
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    • pp.565-570
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    • 2012
  • In this note we investigate Weyl's theorem for *-paranormal operators on a separable infinite dimensional Hilbert space. We prove that if T is a *-paranormal operator satisfying Property $(E)-(T-{\lambda}I)H_T(\{{\lambda}\})$ is closed for each ${\lambda}{\in}{\mathbb{C}}$, where $H_T(\{{\lambda}\})$ is a local spectral subspace of T, then Weyl's theorem holds for T.

A NOTE ON AXIOMATIC FEYNMAN OPERATIONAL CALCULUS

  • Park, Yeon-Hee
    • Honam Mathematical Journal
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    • v.34 no.2
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    • pp.289-295
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    • 2012
  • In this note we prove the space (A, ${\parallel}.{\parallel}$) is a Banach space and ${\parallel}ab{\parallel}{\leq}{\parallel}a{\parallel}{\parallel}b{\parallel}$ for $a,b{\in}A$ where $A:=\{a:=(a_t)_{t{\in}G}:{\sum}_{t{\in}G}{\parallel}a_t{\parallel}_t<{\infty}\}$, $G=\mathbb{N}^*$. Also we show some property in (A, ${\parallel}.{\parallel}$).

A Note on Relationship between T-sum and T-product on LR Fuzzy Numbers

  • Hong, Dug-Hun;Kim, Kyung-Tae
    • Journal of the Korean Data and Information Science Society
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    • v.16 no.4
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    • pp.1141-1145
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    • 2005
  • In this note, we show that Theorem 2.1[Kybernetika, 28(1992) 45-49], a result of a functional relationship between the membership function of LR fuzzy numbers of T-sum and T-product, remains valid for convex additive generator and concave shape functions L and R with simple proof. We also consider the case for 0-symmetric R fuzzy numbers.

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THE JUMP OF A SEMI-FREDHOLM OPERATOR

  • Lee, Dong-Hak;Lee, Woo-Young
    • Communications of the Korean Mathematical Society
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    • v.9 no.3
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    • pp.593-598
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    • 1994
  • In this note we give some results on the jump (due to Kato [5] and West [7]) of a semi-Fredholm operator. Throughout this note, suppose X is an Banach space and write L(X) for the set of all bounded linear operators on X. A operator $T \in L(x)$ is called upper semi-Fredholm if it has closed range with finite dimensional null space, and lower semi-Fredholm if it has closed range with its range of finite co-dimension. It T is either upper or lower semi-Fredholm we shall call it semi-Fredholm and Fredholm it is both. The index of a (semi-) Fredholm operator T is given by $$ index(T) = n(T) = d(T),$$ where $n(T) = dim T^{-1}(0)$ and d(T) = codim T(X).

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A note on T-sum of bell-shaped fuzzy intervals

  • Hong, Dug-Hun
    • Journal of the Korean Institute of Intelligent Systems
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    • v.17 no.6
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    • pp.804-806
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    • 2007
  • The usual arithmetic operations on real numbers can be extended to arithmetical operations on fuzzy intervals by means of Zadeh's extension principle based on a t-norm T. Dombi and Gyorbiro proved that addition is closed if the Dombi t-norm is used with two bell-shaped fuzzy intervals. Recently, Hong [Fuzzy Sets and Systems 158(2007) 739-746] defined a broader class of bell-shaped fuzzy intervals. Then he study t-norms which are consistent with these particular types of fuzzy intervals as applications of a result proved by Mesiar on a strict f-norm based shape preserving additions of LR-fuzzy intervals with unbounded support. In this note, we give a direct proof of the main results of Hong.