• Title/Summary/Keyword: Term deposit

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The Dynamic Relationship between Household Loans of Depository Institutions and Housing Prices after the Financial Crisis (금융위기 이후 예금취급기관 가계대출과 주택가격의 동태적 관계)

  • Han, Gyu-Sik
    • Asia-Pacific Journal of Business
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    • v.11 no.4
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    • pp.189-203
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    • 2020
  • Purpose - This study aims in analyzing the dynamic relationship between household loans and housing prices according to the characteristics of depository institutions after the financial crisis, identifying the recent trends between them, and making policy suggestions for stabilizing house prices. Design/methodology/approach - The monthly data used in this study are household loans, household loan interest rates, and housing prices ranging from January 2012 to May 2020, and came from ECOS of the Bank of Korea and Liiv-on of Kookmin Bank. This study used vector auto-regression, generalized impulse response function, and forecast error variance decomposition with the data so as to yield analysis results. Findings - The analysis of this study no more shows that the household loan interest rates in both deposit banks and non-bank deposit institutions had statistically significant effects on housing prices. Also, unlike the previous studies, there was statistically significant bi-directional causality between housing prices and household loans in neither deposit banks nor non-bank deposit institutions. Rather, it was found that there is a unidirectional causality from housing prices to household loans in deposit banks, which is considered that housing prices have one-sided effects on household loans due to the overheated housing market after the financial crisis. Research implications or Originality - As a result, Korea's housing market is closely related to deposit banks, and housing prices are acting as more dominant information variables than interest rates or loans under the long-term low interest rate trend. Therefore, in order to stabilize housing prices, the housing supply must be continuously made so that everyone can enjoy housing services equally. In addition, the expansion and reinforcement of the social security net should be realized systematically so as to stop households from being troubled with the housing price decline.

Long-term Prediction of Dam Sedimentation Using Sluicing Efficiency Curve and Dam Operation Technique (배사비 효율곡선 및 댐 운영기법을 이용한 퇴사량 장기 예측)

  • Lee, Gwang-Man
    • Journal of Korea Water Resources Association
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    • v.31 no.1
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    • pp.95-103
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    • 1998
  • Dam sediment can be predicted from the two methods: the one is a physical analysis based on the hydrjulic mechanism and the other is an empirical approach using observed data as a design factor. The former can be used to estimate short-term phenomena by mathematical methods. the latter can be used for deriving long-term design parameters such as dead storage calculation. Monthly reservoir operation is possible with the sluicing efficiency curve based on empirical data. The optimal sediment management can be carried out using the information variable which traces deposit sediments corresponding to the reservoir storage. The idea can provide an optimal operation strategy to save effective storage varying with time. This study presents a methodology for the long-term sediment prediction using sluicing efficiency curve. An application is conducted for estimating accumulated sedment deposit and water supply capability ofr the Fenhe dam in the Yellow rever of China.

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The Prediction of Injection Distances for the Minimization of the Pressure Drop by Empirical Static Model in a Pulse Air Jet Bag Filter (충격기류식 여과집진기에서 경험모델을 이용한 최소압력손실의 분사거리 예측)

  • Suh, Jeong-Min;Park, Jeong-Ho;Lim, Woo-Taik
    • Journal of Environmental Science International
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    • v.20 no.1
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    • pp.25-34
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    • 2011
  • The new empirical static model was constructed on the basis of dimension analysis to predict the pressure drop according to the operating conditions. The empirical static model consists of the initial pressure drop term (${\Delta}P_{initial}$) and the dust mass number term($N_{dust}=\frac{{\omega}_0{\nu}_f}{P_{pulse}t}$), and two parameters (dust deposit resistance and exponent of dust mass number) have been estimated from experimental data. The optimum injection distance was identified in the 64 experimental data at the fixed filtration velocity and pulse pressure. The dust deposit resistance ($K_d$), one of the empirical static model parameters got the minimum value at d=0.11m, at which the total pressure drop was minimized. The exponent of dust mass number was interpreted as the elasticity of pressure drop to the dust mass number. The elasticity of the unimodal behavior had also a maximum value at d=0.11m, at which the pressure drop increased most rapidly with the dust mass number. Additionally, the correlation coefficient for the new empirical static model was 0.914.

A Study on the Practical Estimation Technique of a Long-term Settlement by the Observation Results in the Field (현장계획에 의한 연약지반의 장기 침하 예측지법에 관한 실증적 연구)

  • 서수봉;김수삼
    • Journal of Ocean Engineering and Technology
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    • v.5 no.1
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    • pp.35-44
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    • 1991
  • This study was carried out for the purpose of pre-estimating long-term settlement under condition of actual field soil's property, in case of building up industrial sites on the marine deposit silty clay located at West Coast in Korea. This study analyzed Hyperbolic Method, Square Root Time Method and Exponential Function Method with utilization of measured survey values of settlement in In-Cheon Namdong Industrial Sites. In the future, for the continuos utilization, it seemed to be needed that further the survey values of fields should be accurartely measured for the analysis of more accurate pre-estimate about long-term settlement. Among the prediction methods of settlement Hyperbolic Method seemed to be the best fitting method for measured data. The settlement equations were derived from above three methods, for long-term settlements.

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Correlation between Sandbar Development and Environmental Factors in the Nakdong River Estuary (낙동강 부정형적 사주발달과 환경인자간의 상관성 비교 연구)

  • Lee, I.C.;Yoo, C.I.;Yoon, H.S.
    • Journal of the Korean Society for Marine Environment & Energy
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    • v.10 no.1
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    • pp.13-20
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    • 2007
  • This study was performed to provide fundamental data for long-term geomorphic predictions of estuarine sandbars in the Nakdong River. We monitored the geomorphic changes of Jinudo (Jinu Island), which is located on the far-southern side of the first western sandbar. We evaluated the temporal and spatial dynamics of the sandbar and the relationship between erosion and deposit speed with environmental factors. We found that: 1) The south side of Jinudo showed very rapid water channel closing and shoal generation. This phenomenon was more obvious during autumn (September and October) than during spring, with greater water depth reduction and variation between sides. 2) The mean deposit speed for Jinudo was approximately 0.85 mm/day. The deposit speed was 1.32 and 1.26 mm/day for the east and south sides of Jinudo, respectively. The maximum deposit and erosion speeds were 27 mm/day and 26 mm/day in July and December, respectively, on the east side of the island. 3) Mean surface deposit size was 0.18-0.26 mm. The newly deposited sandbar had a rotatively larger deposit size than the original land. 4) Correlation analysis showed that, on the southern side of the island, deposit activity prevailed in the winter due to low precipitation and a northerly wind, while erosion was dominant in the summer due to high water flow and a southerly wind. In contrast, the correlation analysis for the eastern side of the island showed that deposition is dominant when water flow is high. These results indicate that geomorphic dynamics vary among island sides.

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The Effect of Complexing Agents on the Deposit Characteristics in the Electroless Nickel-Tungsten-Phosphorus Plating (무전해 Ni-W-P 도금에서 착화제의 종류가 피막특성에 미치는 영향)

  • Cho, Jin Ki;Park, Sang Wook;Kang, Seung Goon;Son, Seong-Ho
    • Korean Journal of Metals and Materials
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    • v.46 no.11
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    • pp.725-729
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    • 2008
  • Deposition characteristics of electroless plated Ni-W-P films were investigated for various complexing agents. Used complexing agents are sodium citrate, sodium gluconate and sodium malonate. In this study, the existing mixed potential theory could explain the overall mechanism of Ni-W-P electroless plating for all complexing agents. The deposition rate could be also expected by the theory. The deposited Ni-W-P films were evaluated in term of surface hardness and corrosion resistance. Microhardness of the deposit increased about 1,000 Hv after heat treatment for one hour at $400^{\circ}C$, because it was above the crystallization temperature of $Ni_3P$. The deposited Ni-W-P films can exhibit excellent corrosion resistance in using sodium malonate as a complexing agent, the other hand the using sodium gluconate was the worst corrosion resistance. The worst corrosion resistance was due to a large number of nano-sized pin-holes or small pores. The plating current at the mixed potential increases when the using sodium malonate as a complexing agent, it was explained by the cross section.

Development of Technology on Water Thermal Energy Utilization of Riverbank(including Alluvial and Riverbed deposits) Filtration (강변여과수(충적층 및 하상) 열자원 활용 기술 개발)

  • Kim, Hyoung-Soo;Seo, Min-Woo;Jung, Woo-Sung;Song, Yoon-Ho
    • 한국신재생에너지학회:학술대회논문집
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    • 2005.11a
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    • pp.591-594
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    • 2005
  • Geothermal energy becomes to be one of the promising energy sources. In this study, technology using water thermal energy from riverbank filtration system(including alluvial and riverbed deposit) is reviewed and checked as an energy resources. The objects of this study are (1) long-term monitoring of alluvial and riverbed sites, (2) preliminary design of cooling and heating system at riverbank filtration facility, and (3) calculation of potential groundwater heat energy, including riverbank filtration system. Measuring data of alluvial and riverbank filtration show slight fluctuations comparing to temperature of atmospheric air which indicates that groundwater obtained from the riverbank filtration system have a sufficient potential as a source of cooling and heating energy.

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An analysis of the utilization of defect deposits for apartment complexes

  • Seo, Deok-Seok;Lee, Ung-Kyun
    • Journal of the Korea Institute of Building Construction
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    • v.13 no.6
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    • pp.549-556
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    • 2013
  • This study analyzed the actual use of defect deposits for financing long-term expenses (that is, expenses incurred within 4-10 years of building completion) and for financing short-term expenses (that is, expenses incurred within 3 years of building completion). Therefore, 36 cost data on the expenses financed out of defect deposits for apartment complexes were collected from construction companies and analyzed using statistical methods. The findings revealed that 62.6 percent of defect deposits were spent to resolve actual defects, and 37.4 percent were spent resolving resident complaints. Furthermore, these results are valid regardless of the location of the complexes. As such, these results could be of significance when establishing or revising regulations regarding the repair of the long-term defects of apartment complexes.

An Efficient Management of Sediment Deposit for Reservoir Long-Term Operation (1) - Reservoir Sediment Estimation (저수지 장기운영을 위한 퇴적토사의 효율적 관리(1) - 저수지 퇴사량 산정)

  • Ahn, Jae Hyun;Jang, Su Hyung;Choi, Won Suk;Yoon, Yong Nam
    • Journal of Korean Society on Water Environment
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    • v.22 no.6
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    • pp.1088-1093
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    • 2006
  • In this study, the method of annual sediment estimation for reservoir long-term operation is proposed. Long-term daily precipitation and evaporation are predicted by Markov Chain. Using these values, reservoir inflow is simulated by NWS-PC model. Reservoir sediment load is estimated by sediment rating relation curve which is observed. From the simulation results, it was found that each simulated value by Markov Chain and NWS-PC was well compared to the observed ones and also estimated reservoir sediment was appropriate to the compared values using empirical equations. It is thought that the proposed method for estimation of reservoir sediment can be useful used to operate the reservoir.

Long-term Consolidation Characteristics of Busan Clay considering OC or NC States (과압밀 및 정규압밀영역의 응력상태에 따른 부산점토 장기압밀특성)

  • Kim, Yun-Tae;Jo, Sang-Chan
    • Journal of Ocean Engineering and Technology
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    • v.25 no.6
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    • pp.110-115
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    • 2011
  • Numerouslong-term consolidation and secondary compression settlements may occur in Busan clay, which is astructured soft clay and consists of a thick clay deposit. As a surcharge load is applied to soils, soils experience different stress paths with depth. Therefore, it is necessary to study the long-term consolidation behavior of Busan clay considering stress conditions such as OC or NC states. In this study, a series of long-term consolidation tests were performed to investigate the consolidation characteristics of Busan clay for 20 days. The undisturbed clay samples were taken from 3 sites located in the Nakdong River estuary. The results showed that the creep rate of the Busan clay gradually decreased with time, which indicated that the secondary compression settlement decreased with time. In addition, the experimental results for 3 samples showed that the ratios were about 0.0363 and 0.051, respectively.