• The Korean Journal of Financial Studies
• /
• v.6 no.1
• /
• pp.335-356
• /
• 2000

This paper examines the time series dynamics of spot and forward exchange rates and Eurocurrency deposit rates for four bilateral relationships vis a vis the U.S. dollar using daily data. The equilibrium implied by covered interest parity provides a theoretical foundation from which to estimate and analyze the dynamic properties of each system of exchange rates and interest rates. The structural statistical model is identified by relying on the implied cointegration vectors and long-run neutrality restrictions.

• The Plant Pathology Journal
• /
• v.33 no.6
• /
• pp.589-596
• /
• 2017

Chemical management of dollar spot in turf may lead to the development of Sclerotinia homoeocarpa populations with reduced fungicide sensitivity. The objective of this study was to investigate resistance of S. homoeocarpa isolates to triazole fungicides and to test cross-resistance among three triazole fungicides. A total of 66 isolates of S. homoeocarpa were collected from 15 golf courses across Korea, and tested via in vitro sensitivity assay against hexaconazole, propiconazole and tebuconazole. $EC_{50}$ values of the isolates to these fungicides were distributed in the range of $0.001-1.1\;a.\;i.\;{\mu}g\;ml^{-1}$. Based on the $EC_{50}$ values, twelve representative strains were selected as sensitive isolates including control and insensitive isolates with respect to each fungicide. At a concentration of $0.1\;a.\;i.\;{\mu}g\;ml^{-1}$ for all fungicides, the selected strains were distinguished as sensitive or resistant isolates with the mycelial growth inhibition rate of 50% as the criterion. The $EC_{50}$ values of resistant strains exposed to hexaconazole, propiconazole and tebuconazole were 20-50 times, 50-70 times, and 77 times greater, respectively, than that of the control strains. Two isolates of S. homoeocarpa S0-41 and Sh14-2-1 showed sensitivity toward all the fungicides used, while two other isolates Sh7-5-1 and Sh2-1-1 showed resistance to all fungicides. Each isolate showed similar resistance to the three types of triazole fungicides, whereby cross-resistance of isolates was confirmed in the present study; all three triazole fungicide combinations displayed significant correlation coefficients equivalent to or greater than 0.8.

• Asian Journal of Turfgrass Science
• /
• v.24 no.2
• /
• pp.170-175
• /
• 2010

A total of 24 isolates of S. homoeocarpa were isolated from 16 golf courses in Korea. Chemical resistance of 24 isolates was determined by in vitro fungal growth on fungicide-amended media with thiophanatemethyl (Benzimidazole fungicide family), tebuconazole (demethylation inhibitor fungicide family: DMI), and iprodione (dicarboximide fungicide family). Results indicated that 83.3% of 24 isolates were resistant to iprodione, 62.5% resistant to thiophanate-methyl and 0% resistant to tebuconazale. The dual resistance of iprodione and thiophanate-methyl was 58.3.%. Occurrence rate of fungicide resistance of thiophanate-methyl and iprodione had no relation to turfgrass varieties and isolated locations of pathogen. In the filed test, procymidone, boscalid, and fluquinconazole+pyrimethanil effectively controlled the dollar spot of creeping bentgrass.

• The Plant Pathology Journal
• /
• v.38 no.3
• /
• pp.182-193
• /
• 2022

Turfgrass, the most widely grown ornamental crop, is severely affected by fungal pathogens including Sclerotinia homoeocarpa, Rhizoctonia solani, and Magnaporthe poae. At present, turfgrass fungal disease management predominantly relies on synthetic fungicide treatments. However, the extensive application of fungicides to the soil increases residual detection frequency, raising concerns for the environment and human health. The bacterial volatile compound, 2,3-butanediol (BDO), was found to induce plant resistance. In this study, we evaluated the disease control efficacy of a combination of stereoisomers of 2,3-BDO and commercial fungicides against turfgrass fungal diseases in both growth room and fields. In the growth room experiment, the combination of 0.9% 2R,3R-BDO (levo) soluble liquid (SL) formulation and 9% 2R,3S-BDO (meso) SL with half concentration of fungicides significantly increased the disease control efficacy against dollar spot and summer patch disease when compared to the half concentration of fungicide alone. In field experiments, the disease control efficiency of levo 0.9% and meso 9% SL, in combination with a fungicide, was confirmed against dollar spot and large patch disease. Additionally, the induction of defense-related genes involved in the salicylic acid and jasmonic acid/ethylene signaling pathways and reactive oxygen species detoxification-related genes under Clarireedia sp. infection was confirmed with levo 0.9% and meso 9% SL treatment in creeping bentgrass. Our findings suggest that 2,3-BDO isomer formulations can be combined with chemical fungicides as a new integrated tool to control Clarireedia sp. infection in turfgrass, thereby reducing the use of chemical fungicides.

• Weed & Turfgrass Science
• /
• v.4 no.4
• /
• pp.376-382
• /
• 2015

Dollar spot, caused by Sclerotinia homoeocarpa, is the major disease in cool-season turfgrasses. Understanding the distribution of this pathogen in soil and thatch is important to developing disease control strategies. In this study, toothpicks were used to detect S. homoeocarpa in the turfgrass canopy, thatch, and soil at different distances from dollar spot infection centers. The effect of penetrant and contact fungicide applications with different water volumes on distribution of S. homoeocarpa was also investigated. S. homoeocarpa was detected in 100% of samples taken from the leaf canopy, 83.3% in thatch area, and 0% in the soil from within the infection center. S. homoeocarpa was isolated in 100% of samples taken from the edge of the infection center, but was only detected in 13% of the samples taken at 1.5 cm away from the infection center edge. S. homoeocarpa was isolated at a higher frequency in the propiconazole treated plots than those treated with chlorothalonil and was not detected in leaf canopy samples when either fungicides was applied with 6.78 L of water. In conclusion, the toothpick-aided detection technique has improved our understanding of S. homoeocarpa epidemiology and could be used as a diagnostic tool to detect for fungicide resistance on golf courses.

• Weed & Turfgrass Science
• /
• v.3 no.4
• /
• pp.378-381
• /
• 2014

A new pathogen was isolated from zoysiagrass-planted park of Jeju island in 2014. Symptoms appeared a type of irregular patches occurring brownish leaf blight, followed by stem and crown rot. The symptom was very similar to that of large patch caused by Rhizoctonia solani, a well-known devastating zoysiagrass disease. The isolate showed thin orange-colored mycelia and screlotia were formed on the medium based on cultural characteristics. The causal agent of the disease was finally identified as Waitea circinata by analysis of ribosomal DNA. On the inoculation test, Waitea circinatae showed strong pathogenicity to the zoysiagrass. The mycelia were obviously observed in the inoculated tissues. This is the first report of Waitea ring patch caused by Waitea circinata on zoysiagrass.

• Asian Journal of Turfgrass Science
• /
• v.25 no.2
• /
• pp.147-152
• /
• 2011

This study was conducted to evaluate the growth characteristics of creeping bentgrass cultivars for fairway of golf course at Yeoju area in Korea. At germination and coverage rate of creeping bentgrass, 'Shark' and 'CY-2' were excellent, 'L-93', 'Alpha', 'T-1 was in order', respectively. Visual qualities of 'Shark' and 'CY-2' also were excellent. Especially, 'Shark', 'T-1', and 'CY-2' showed excellent visual quality in summer days, the critical times for the bentgrass fairway quality. 'Shark', 'CY-2' and 'T-1' were excellent in Chlorophyll contents throughout the evaluation period. Chlorophyll content of 'T-1' was maintained very high in summer. 'CY-2' and 'Shark' showed the best root growth at the beginning of the study and contained longer and hairy roots. Which might make these two cultivars' water absorption easier than other's. NDVI (normalized difference vegetation index)of 'Shark', 'L-93' and 'CY-2' was excellent, respectively. 'T-1' showed the highest density and 'Shark', 'CY-2', 'Alpha', 'L-93' was followed by. The density of 'T-1' was rather increased in summer season, while those of other cultivars were decreased. Three diseases such as anthracnose, brown patch, and dollar spot, were appeared during the evaluation period. 'T-1' and 'L-93' were very sensitive to anthracnose which occurred at the beginning days of the study. The most susceptible cultivars to brown patch were 'Alpha' and 'L-93'. 'T-1' was the least resistant to dollar spot which occurred at the same time with brown patch.

• Asian Journal of Turfgrass Science
• /
• v.25 no.2
• /
• pp.171-176
• /
• 2011

Sclerotinia homoeocarpa, the causal agent of dollar spot, is one of the most common pathogens of cool season turfgrasses in South Korea. The vegetative compatibility group (VCG) assay was carried out using nitrate-nonutilizing (nit) mutants recovered from 13 South Korean isolates with various geographical origins. The mutants were divided into four phenotypic classes based on mutation loci associated with nitrogen assimilation: nit1, nit2, nit3, and NitM. The recovered number of nit mutants greatly varied among the isolates, ranging from 0 to 15 mutants. Of the mutants isolated, nit1 and nit2 mutants were most common (80%) while NitM and nit3 were relatively rare. One dominant and four minor VCGs were determined from 18 mutant isolates tested. To study population structures of Korean S. homoeocarpa isolates and increase our understanding of its ecological and epidemiological aspects for dollar spot management on turfgrass, more generated mutants should be tested with more diverse isolate collections.

• The Korean Journal of Financial Management
• /
• v.26 no.2
• /
• pp.155-180
• /
• 2009

This study is to estimate and compare hedging effectiveness in emerging currency and advanced currency futures markets. Emerging currency futures includes Korea won, Mexico peso, and Brazil real and advanced currency futures is Europe euro, British pound, and Japan yen. Hedging effectiveness is measured by comparing hedging performance of the naive hedge model, OLS model, error correction model and constant condintional correlation bivariate GARCH(1, 1) hedge model based on rolling windows. Analysis data is used daily spot and futures rates from January, 2, 2001 to March. 10, 2006. The empirical results are summarized as follows : First, irrespective of hedging period and model, hedging using Korea won/dollar futures reduces spot rate's volatility risk by 97%. Second, Korea won/dollar futures market produces the best hedging performance in emerging and advanced currency futures markets, i.e. Mexico peso, Brazil real, Europe euro, British pound, and Japan yen. Third, there are no difference of hedging effectiveness among hedging models.

• Asian Journal of Turfgrass Science
• /
• v.15 no.2
• /
• pp.87-104
• /
• 2001

This Study was carried out to investigate on the environmental effects of golf courses and to find a solution to the negative effects in Korea. The results were ai follows. 1. There were 152 golf courses opened in December 2000. 113 golf courses were member-ship and 39 golf courses were public. Users (golfer) were over 12,000,000 in 2000. 2. Total area of golf courses was 0.8% as compared with total area of farmland in 1999. Total amount of agricultural chemicals used in golf courses was 0.3% of total amount of agricultural chemicals used in Korea. The remaining amount of agricultural chemicals in golf courses tested were almost below the permitted limits. 3. Recently, total amount of fertilizers in green decreased 5~7g/$m^2$/year as compared with the recommended. 4. The control by antagonistic microorganisms and the fertilizing of the organic matter or the organic fertilizer were effective to decrease the amount of agricultural chemicals used. To success the control of microorganisms, active antagonistic microorganisms had to be applied over the recommended dose eve교day. Though fertilizing of organic fertilizer, slow release fertilizer, was effective to suppress dollar spot, necrotic ring spot. fungicides were required as a supplementary means when disease symptom was very heavy. 5. Zoysiagrass was fertilized intensively from May to August. Cool-season grasses were fertilized intensively from March to May and September to October. The fall fertilizing of Zoysiagrass was carried out to the begining of October. The fall fertilizing of cool-season grasses were carried out to the end of November or the begining of December. The fertilizing amount of Zoysiagrass was 10g/$m^2$/year. The fertilizing amount of bentgrass was 25~27g/$m^2$/year.