• Journal of Engineering Education Research
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• v.15 no.4
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• pp.8-13
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• 2012

The Engineering school of Tohoku University has been offering a Team-based Engineering Design Course to its first year students since 1996 in order to increase the level of both motivation and interest in engineering. Freshmen are required to select one of approximately 150 topics and do some research on this topic. This course also provides opportunities for students to participate in exchange programs with the University of Washington (UW) and the University of Science and Technology Beijing (USTB). In the Tohoku-UW exchange program, which began in 1999, between 10 and 25 students of Tohoku visit the UW annually to present the results of the subjects the school has appointed in advance in the Team-based Engineering Design Course. In the Tohoku-USTB exchange program, which began in 2007, about 15 students from each university participate in a one day meeting organized by the students themselves. They give a presentation on either the results of the subject they selected in the course, or on an engineering related topic both groups have agreed to in advance. In this paper, a detailed history, the objectives, a schedule and the budget in these unique exchange programs is introduced together with an outline of the course and its contribution to the engineering design education.

• International Journal of Precision Engineering and Manufacturing
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• v.6 no.4
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• pp.8-13
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• 2005

Interoperability has been the problem of CAD/CAM systems. Starting from 1980's, national and international organizations have addressed the issue through development and release of standards for the exchange of geometric and nongeometric design data. To CAD/CAM vendors, the task of interpreting and implementing these standards falls into their products. This task is a balancing action between users' needs, available development resources, and the technical specifications of standards. This paper explores an area of CAD/CAM systems development, particularly the implementation of the effective exchange files translators'. A new approach is introduced, which proposes to enclose all the translation operations concerning each exchange format to a separate DLL, thus making a 'plug-in.' Then, this plug-in could be used together with the CAD/CAM system or with specialized translation software. This approach allows to create new translators rapidly and to gain the reliable, high-efficiency, and reusable program code. The second part of the paper concerns the possible problems of translators' development. These difficulties often come from the exchange standards' misunderstanding or ambiguity in standards. All examples come from the authors' practice experiences of dealing with CAD/CAM systems.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.4
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• pp.601-611
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• 2021

There are many asset prices which are interlinked and have a bearing on the stock market index. Studies have shown that the interrelationship among these asset prices vary and are inconsistent. The ultimate aim of this study is to examine the dynamic relationship between gold price, oil price, exchange rate and stock index. Monthly time series data has been utilized by the researcher to examine the interrelationship between four variables. The relationship among stock exchange rate index, oil price and gold price have been undertaken using regression and granger causality test. The results indicate that the exchange rate and oil price have an indirect influence on NIFTY; whereas gold price had a direct impact on NIFTY. It is evident from the results that volatility in the price of gold is mainly dependent on the exchange rate and vice versa. All the variables affect NIFTY in some way or the other. However, gold has a direct and vital relationship. From the study findings, it can be concluded that macroeconomic variables like commodity prices and foreign exchange rate, gold and oil, have a strong relationship on the return on securities at the national stock exchange of India.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.2
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• pp.791-800
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• 2021

Along with the trend of financial globalization, Vietnam has undergone a process of increasing financial integration. The great capital inflow poses a problem for the monetary policy's ability to follow a planned target during the changes in the global financial markets. This paper aims to examine the impact of financial integration on monetary policy independence in Vietnam and investigate the role of foreign exchange reserves on this relationship. The research borrows from Mundell-Fleming's Trilemma theory. The results show that increasing financial integration reduces the independence of monetary policy in the short term, and foreign exchange reserves have not shown an apparent role in Vietnam. In addition, increasing exchange rate stability has a negative impact on the independence of monetary policy, but it has an impact on growing market confidence and partly supporting the management process of monetary policy in the short term. Therefore, in the long run, Vietnam needs to allow exchange rate flexibility more, but there should not be sudden changes; the size of foreign exchange reserves should be strengthened to facilitate the implementation of an independent monetary policy with an obvious impact in the context of an increasing scale of international capital flows in the future.

• The Journal of Economics, Marketing and Management
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• v.12 no.3
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• pp.1-12
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• 2024

Purpose: As a major economy attracting foreign investment, China is currently facing significant international economic pressure due to the appreciation of the RMB. Additionally, China is at a critical period of socio-economic development, where foreign direct investment (FDI) plays an indispensable role in stabilizing economic growth, adjusting industrial structure, and promoting economic transformation. Research design, data and methodology: This paper focuses on the relationship between RMB exchange rate expectations and FDI. It examines the magnitude of their relationship through empirical research using cointegration tests, Granger causality tests, and BVAR (Bayesian Vector Autoregression) analysis. Results: The comprehensive study of the empirical results in this paper concludes that there is a long-term cointegrated relationship between China's RMB exchange rate expectations and foreign direct investment, indicating that their relationship is stable in the long run. It is also found that RMB exchange rate expectations have a significantly positive impact in the short term, but this impact is not significant in the long term. Conclusions: The paper also considers the possibility of establishing a China-EU Free Trade Area in the future and offers policy recommendations regarding RMB exchange rate expectations and foreign direct investment.

• International Commerce and Information Review
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• v.15 no.3
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• pp.41-62
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• 2013

This paper, the accumulation of foreign exchange reserves in the financial systems of emerging markets mid-to long-term impact on how investigated. The accumulation of foreign exchange reserves in emerging markets is a highly effective means to prevent the recurrence of another financial crisis as well as to minimizing risks of financial crisis. By examining the economic effects of excessive accumulation of foreign exchange reserves on factors such as foreign liabilities, domestic consumption, domestic investment and economic growth from a mid-to long-term perspective, it reduced domestic consumption, but on the other hand, led to the expansion of the trade-related industries based on increase of exports. Although China implements a policy to substantially increase domestic investment, other emerging market countries have stagnant domestic investment activities due to excessive accumulation of foreign exchange reserves. Such fact signifies that excessive accumulation of foreign exchange reserves increases potential risks by depressing the mid-to long-term economic growth through the scale down of trade-related industries.

• Journal of the Korea Convergence Society
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• v.9 no.4
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• pp.201-208
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• 2018

The purpose of this study is to analyze the demand for the science park development as a regional innovation hub to strengthen the internationalization capacity of local governments and to promote international exchange and cooperation based on public - private partnerships. For this, i)the main areas of interest and expectation for international exchange and cooperation, ii)preference for major projects, and iii)demand for development cooperation projects were identified, and it was figured out iv)what the core program is for cities of developing countries through network analysis using the UCINET program. Through these analysis, it was found that cities in developing countries wanted exchange and cooperation projects for the development of industrial and economic sectors. Especially, they wanted to develop industrial infrastructures and transfer advanced systems to foster regional strategic industries. In addition, the demand for the development of science park as a development cooperation project was found to be significant. Therefore it could be inferred that cities in developing countries want to develop a science park as a platform for regional development and industrial development, and to acquire development experience of advanced cities through continuous exchange and cooperation.

• Proceedings of the KOR-KST Conference
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• 1998.09a
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• pp.71-76
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• 1998

The construction of the Shanghai International Shipping Center is a prerequisite for building Shanghai into an international center of economy, finance and trade. Shanghai has excellent conditions for becoming an international shipping center, and, under the leadership of the national government, Shanghai is advancing towards this goal for the next century.

• Proceedings of the Safety Management and Science Conference
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• 2005.11a
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• pp.569-579
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• 2005

International capital movement has made progress at global liberalization of finance and foreign exchange, international monetary norm changing into floating exchange rate system, easiness of collection of information and trade at improvement of information communication technology from early of 1970's. Results of empirical test for relation between foreign exchange rate or various determination factors of foreign exchange rate and interest rate are followed by next sentences. First, according to relation between foreign exchange rate and interest rate, correlation for each of variables after OECD entrance is increased. 'But, long-term & short-term interest rate is affected by Hanbo & Kia's bankruptcy, continuous large scale coporates bankruptcy and crisis of foreign exchange. Therefore, financial instability is occured. If portfolio investment fund has been inflow as it is mollified by continuous shortage of foreign exchange and fall of country's credit rating, it is expected to have positive effect for long-term & short-term interest rate from appreciation of won against dollar. Second, results from relation between determination factor of foreign exchange rate and interest rate are followed by next sentences. If surplus of current account and goods account is continued, yield of corporate bond is to be stable. But, margin of surplus is expected to diminish after second quarter 98, and difference between external and domestic interest (after adjusting foreign exchange rate) is to be diminished. And if net inflows of foreign investor's fund (stock and bond) is diminished, it is to have negative effect for yield of corporate bond. According to foreign investor's investment movement of previous years, hedge fund were stayed at least during two years in Mexico. It means that sudden capital outflow is not to be happened at Korea.

• Korea Trade Review
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• v.42 no.6
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• pp.131-154
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• 2017

In international trade, transportation generally has the largest and direct impact on freight costs. However, it is also sensitive to external factors such as global economic conditions, global trade volume and exchange rate. Therefore, it is necessary to examine the relationship and influence of international trade in terms of external factors that affect the change of imports and exports by marine and air transportation through empirical analysis. In particular, the analysis of the impact of these external factors on marine and air transportation is an important topic when recent exchange rate changes are significant, and it is also necessary to analyze what transportation means are more sensitive to exchange rate changes. In this study, we use the Vector Error Correction Model to analyze the dynamic effects of changes in exchange rate and domestic and international economic conditions on marine and air transportation from January 2000 to March 2017. Respectively. Alos, Impulse response function and variance decomposition were examined.