• International Commerce and Information Review
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• v.9 no.3
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• pp.23-32
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• 2007

The purpose of this study is to estimate and analyse the relationship between efficiency of bank industry and macroeconomic variables. We employ Johansen's multivariate cointegration methodology, since the model must be stationary to avoid the spurious results. The empirical results show that our model is stationary as well as mean-reverting. This paper also applies impulse-response functions to get additional information regarding the responses of the bank spread to the shocks economic variables such as long and short term interest rates differential, banking organ liquidity, business cycle index, and foreigner's net equity investment. The results indicate that while the bank spread respond positively to liquidity and equity investment shocks and then decay very quickly.

• The Journal of Industrial Distribution & Business
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• v.9 no.8
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• pp.41-50
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• 2018

Purpose - As an important participant in the financial markets, the commercial bank will be impacted by the interest rate marketization. Owing to the special condition of China, this paper tries to explore the impact of operating mechanisms between interest rate marketization and the profitability of the commercial Bank. Research design, data and methodology - This paper applies time series data from 2005 to 2016. Due to the short period of time series, autocorrelation often occurs. Therefore, the fully modified least squares(FMOLS) will be used to conduct an empirical analysis. The reason is that it can move off the autocorrelation between variables and disturbance term. And FMOLS also can make estimated cointegrating parameters closed to normal distribution. More importantly, in order to avoid spurious regressions, the Augmented Dickey-Fuller Test will be used to verify the stationarity of all variables. The total return of asset is treated as the profitability of commercial bank. The net interest spread is treated as a measurement of interest rate marketization. Both are regarded as dependent variables. The non-interest income or gross revenues and impaired loans or gross loans are treated as independent variables. The sixteen representative listed commercial banks are divided into three categories (state-owned, share-holding and city-owned) to conduct an estimation. Results - Via empirical analysis, the findings show that the net interest spread has a positive effect on the profitability of the commercial bank. More specifically, 1% increase in the net interest spread will lead 0.157% increase in the profitability of state-owned commercial bank, 0.269% increase in the profitability of share-holding commercial bank and 0.263% increase in the profitability of city-owned commercial bank. If regarding the sixteen listed commercial city as a whole, 1% increase in the net interest spread will lead 0.267% increase in the profitability of the commercial bank. Conclusions - As the interest rate marketization, the importance of interest rate on the profitability of commercial bank has become more and more significant. The empirical evidences also prove that the net interest spread can bring about the change of the commercial bank's profitability. Therefore, policy-makers of commercial banks should fully understand the operating mechanism between them.

• Journal of the Korean Society of Environmental Restoration Technology
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• v.10 no.6
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• pp.99-109
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• 2007

The main objectives of this comparative study were 1) to compare the floristic similarity of species composition between the extant vegetation and seedlings from soil seed bank and 2) to quantify the potential contribution of soil seed bank to revegetation of forest in a constructed area, which is called "ecological impact mitigation" in conjunction with the power plant extension. Forest topsoil of seven plots was collected from the surface soil after measurements were taken on the ground vegetation in each plot. A greenhouse experiment was conducted and monitored to analyze the germination potential of soil seed bank. The forest topsoil was spread on plastic trays ($0.7m^2{\times}7$) filled with a 5cm layer of sterilized potting mix. The results of monitoring for 2 years in a greenhouse were as follows : 1) seedlings of soil seed bank per 4.9$m^2$ were 1,269 with 36 species (1st year) and 2,615 with 25 species (2nd year). 2) 38${\pm}$8% of the flora species were germinated from soil seed bank. It can be concluded that the use of soil seed bank would be effective to promote establishment of diverse species and vegetation. However, it behooves to continue monitoring on succession of vegetation and pursue revegetation with other methods for ecological restoration. Finally, adequate topsoil deposit and gathering methods should be studied properly.

• Journal of the Korean Institute of Telematics and Electronics S
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• v.36S no.6
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• pp.1-8
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• 1999

Multi-carrier CDMA is a transmission scheme where data symbols are spread in the frequency domain with a spread code then transmitted using multiple carriers. It is robust against narrowband interference because of its long symbol duration. However, due to large sidebands of the rectangular window frequency response, subchannels spectrally overlap with neighboring subchannels, which leads to substantial intercarrier interference in a dispersive channel. In this paper, we consider a mult-carrier CDMA system where subchannel spectral containment is achiveved by M-band cosine modulated filter bank (CMFB). In CMFB based MC-CDMA, subchannel spectral containment is achieved using the filter bank of longer impulse response than that of conventional discrete Fourier transform (DFT) filter bank. We show that spectral containment feature of the CMFB based fading channel is analyzed using computer simulations.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.2
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• pp.1181-1188
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• 2021

This research aims to analyze transglobal leadership which has an impact on bank sustainability with militancy and organizational culture variables as mediating variables. In addition, to evaluate militancy, cultural organizations exist to encourage bank sustainability. This is an explanatory research conducted using a quantitative approach in the form of a survey. The population of this study includes all Heads of Regional Offices and Head of Branch Offices of PT. Bank Rakyat Indonesia is spread across Sumatra, Java, Kalimantan, Sulawesi, Bali and Jayapura. This study uses a research instrument in the form of a questionnaire that has been tested for validity and reliability and secondary data. Quantitative data analysis was performed in the form of Structural Equation Modeling (SEM) analysis based on Partial Least Square (PLS) to answer the research hypothesis. The results show a significant and positive relationship between transglobal and militancy leadership, transglobal leadership with innovation culture, militancy with innovation culture, militancy with bank sustainability and innovation culture with bank sustainability. The novelty of this research lies in the use of militancy and innovation culture as intervening variables in the correlation between transglobal leadership and bank sustainability. The militancy variable is the new variable to be checked.

• Journal of the Korea Institute of Information and Communication Engineering
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• v.4 no.3
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• pp.653-660
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• 2000

In this paper, an adaptive interference excision scheme with multiple adaptive filter bank using an adaptive algorithm is proposed. This scheme suppresses interference in the wavelet packet transform domain for the direct spread spectrum communication systems. Using the Monte-Carlo simulation, we analyze the performance of the direct spread spectrum communication systems with this excision scheme using LMS and RLS adaptive algorithms in AWGN and interference channel.

• Journal of Climate Change Research
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• v.6 no.3
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• pp.243-248
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• 2015

This study was conducted to predict the changes of potential distribution for invasive alien plant, Conyza bonariensis in Korea. C. bonariensis was found in southern Korea (Jeju, south coast, southwest coast). The habitats of C. bonariensis were roadside, bare ground, farm area, and pasture, where the interference by human was severe. Due to the seed characteristics of Compositae, C. bonariensis take long scattering distance and it will easily spread by movement of wind, vehicles and people. C. canadensis in same Conyza genus has already spread on a national scale and it is difficult to manage. We used maximum entropy modeling (MaxEnt) for analyzing the environmental influences on C. bonariensis distribution and projecting on two different RCP scenarios, RCP 4.5 and RCP 8.5. The results of our study indicated annual mean temperature, elevation and temperature seasonality had higher contribution for C. bonariensis potential distribution. Area under curve (AUC) values of the model was 0.9. Under future climate scenario, the constructed model predicted that potential distribution of C. bonariensis will be increased by 338% on RCP 4.5 and 769% on RCP 8.5 in 2100s.

• Economic Analysis
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• v.26 no.3
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• pp.1-47
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• 2020

This paper surveys research since the 1990s on the ability of the yield spread and its components (i.e., expectation spread and term premium components) for future economic activity, and also conducts an empirical analysis of their forecasting ability using the yield data of Korean government bonds. This paper's survey, particularly for the US, shows that the yield spread has significant predictive power for some macroeconomic variables, but since the mid-1980s, its predictive power seems to have declined, possibly due to stronger inflation targeting. Next, this paper's empirical analysis using Korean data indicates that the yield spread, and the term premium component in particular, has significant predictive power for industrial production (IP) growth, consumer price index growth, and the IP gap. An out-of-sample analysis shows that the prediction equations are unstable over time, and that in predicting IP growth, the yield spread decomposition makes a significant contribution to the prediction of IP growth.

• Journal of Digital Convergence
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• v.20 no.2
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• pp.91-105
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• 2022

Most of the preceding studies related to Internet Primary banks are studies on laws, regulations, and expected effects of introduction, and studies on financial consumers' intention to switch to financial services are insufficient. Apply to the PPM(Push-Pull-Mooring)theory to find out the factors that influence financial consumers' intention to switch services from commercial banks to Internet Primary banks. A survey was conducted service users, 1st-order and 2nd-order factor analysis were performed using Smart PLS 3.0. As a result, it was confirmed that the Pull, Push and Mooring had a positive (+) effect on the Intention to Switch, and the Mooring, which is a moderating variable, did not have a moderating effect on the Intention to Switch of the Push and the Pull. The scope of application of the PPM theory, which was used in the service conversion research, was extended to Fintech services, and it can provide various practical useful implications, such as the strategy and spread of Internet Primary banks, and it will be used in various studies to study consumer attitudes.

• THE INTERNATIONAL COMMERCE & LAW REVIEW
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• v.16
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• pp.7-34
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• 2001

This Study analyzes the fact that whether or not, the applicant, by failing to object promptly to the facial discrepancies of the presented documents and to return those documents to the issuing bank, has waived his right to sue for breach of the Application agreement based on the recent Korea-US Case law. Some commentators claim that an applicant has a duty to notify the issuing bank within a reasonable time after receiving the documents that they do not comply with the letter of credit requirements and to return those documents to the issuing bank, and also suggest that a failure to do so result in a waiver of discrepancies that operates as a matter of law. But such decisions make little sense in letter of credit transaction. Unless otherwise agreed, Applicant agreement does not require that the applicant notify the issuing bank of any facial discrepancies of the documents or return those documents. Moreover there is no support in the body of law, i.e., UCP 500 or the Revised UCC Article 5, for an automatic waiver or preclusion arising from the applicant's failure to object promptly. In addition, beyond the lack of authority to support an automatic waiver arising from the applicant's failure to object and return the documents, in a letter of credit transaction the issuing bank is the only party charged with the duty of scrutinizing documents. Therefore, if there are discrepancies, it is the bank that should have to seek an express waiver from the applicant ; the issuing bank should not avoid responsibility for failing to notice discrepancies because the applicant was slow to scrutinize the documents closely or because the applicant failed to inform the issuing bank of such discrepancies. Requiring that applicants inspect documents independently defeats the purpose of retaining the issuing bank, erodes the bank's responsibility to perform its role diligently, and may result in the bank avoiding liability despite negligent payment. If the bank wants to require an applicant to report discrepancies promptly, he may include a provision in the Application agreement limiting the time limit within which the applicant must give notice of facial discrepancies and return the documents. This approach will ensure the continued wide-spread use of documentary credit as a reliable payment mechanism.