• 제목/요약/키워드: Exchange Rate Stability

검색결과 85건 처리시간 0.028초

대기수은의 환경지화학: 배경농도측정 및 대기-지표면간의 교환작용 (Environmental Geochemistry of Atmospheric Mercury: Its Backgriound Concentrations and Exchange Across the Air-Surface Interface)

  • 김기현
    • 한국대기환경학회지
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    • 제12권2호
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    • pp.189-198
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    • 1996
  • Mercury (Hg) is ubiquitous throughout the earth's atmosphere. The uniqueness of its atmospheric geochemistry is well-known with the high environmental mobility and relatively long atmospheric residence time (c.a., 1 year) associated with its high chemical stability. Despite a growing recognition of the environmental significance of its global cycling, the prexisting Korean database for atmospheric Hg is extremely rare and confined to a number of concentration measurements conducted under relatively polluted urban atmospheric environments. To help activate the research on this suvject, an in-depth analysis on the current development in the measurements of atmospheric mercury and the associated fluxes has been made using the most using the most updated data ests reported worldwide. As a first step toward this purpose, the most reliable techniques commonly employed in the measurements of its concentration in the background atmosphere are introduced in combination with the flux measurement techniques over soil surface such as: dynamic enclosure (or field flux chamber) method and field micrometeorological method. Then the results derived using these measurement techniques are discussed and interpreted with an emphasis on its mobilization across the terrestrial biosphere and atmosphere interface. A unmber of factors including air/soil temperature, soil chemical composition, soil water content, and barometric pressure are found out to be influential to the rate and amount of such exchange processes. Although absolute magnitude of such exchange processes is insignificant relative to that of the major component like the oceanic environment, this exchange process is thought to be the the predominant natural pathway for both the mobilization and redistribution of atmospheric Hg on a local or regional scale.

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Determinants of Sukuk Market Development: Macroeconomic Stability and Institutional Approach

  • BASYARIAH, Nuhbatul;KUSUMA, Hadri;QIZAM, Ibnu
    • The Journal of Asian Finance, Economics and Business
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    • 제8권2호
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    • pp.201-211
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    • 2021
  • This study aims to analyze the determinants of macroeconomic and institutional stability on the development of the global sukuk market by controlling the effects of population. This study uses panel data namely GDP per-capita, exchange rate, and inflation as the proxies for macroeconomic stability sourced from the World Development Index, and six dimensions of Worldwide Governance Indicators (WGI) as institutional proxies sourced from WGI-World Bank. To make robust the relationship between macroeconomics and institutional on the global sukuk market, the population (POP) variable was included as a control variable. The development of sukuk uses a proxy for sukuk issuance in the International Islamic Financial Market, for the annual period from 2002-2017. The data was analyzed using the General Method of Moment, and the results show that by controlling the population effects that proved to be significant, GDP per-capita and the rule of law have a significant impact on the development of sukuk, especially when incorporating population effects as control variables, whereby further ascertaining the effect of each macroeconomic-stability variable and institutional stability on sukuk development, especially inflation, found not to affect sukuk development. These results also confirm the previous findings, whereby inflation remains controllable at a certain level for economic development.

이온교환반응에 의한 양성자 고체 전해질 NH4+-β"-alumina의 제조 (Preparation of NH4+-β"-alumina as a Protonic Solid Electrolyte by Ion Exchange Reaction)

  • 이준희;한춘수;이성태;이기문;이대한;임성기
    • 공업화학
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    • 제22권3호
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    • pp.255-260
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    • 2011
  • $K^{+}-{\beta}^{{\prime}{\prime}}$-alumina pellet를 이온교환 매체인 ammonium nitrate 수용액과 용융염으로 각각 이온교환하여, 고온형 PEMFC 전해질로 기대되는 무기소재인 $NH_4{^+}-{\beta}^{{\prime}{\prime}}$-alumina를 제조하였다. 고압반응기의 실험조건으로 온도는 130, 150, 170, $200^{\circ}C$ 에서, 시간은 2 h 간격으로 2 h에서 8 h까지 수열반응을 실시하였으며 이 때의 수용액의 농도는 5 M과 10 M을 사용하였다. 또한 $200^{\circ}C$의 가열기 위에서 ammonium nitrate를 완전히 녹여 용융염 상태의 ammonium nitrate를 이용하여 2 h 간격으로 2 h에서 8 h까지 이온교환을 실시하였다. 이온교환반응의 반복횟수에 따른 영향을 알아보기 위하여 재이온교환반응을 3차까지 반복해서 실험하였다. 이후 이온교환 된 $NH_4{^+}-{\beta}^{{\prime}{\prime}}$-alumina 구조체의 상 안정성, 이온교환율을 각각 X선 회절기(Rigaku Rint 2000, Japan)와 ICP-AES (Spectro, Modular EOP)를 사용하여 분석하였다.

전압 변동률을 고려한 수도권 전압안정화 다단계 부하차단 적용 방안 (Multi-level UnderVoltage Load Shedding Scheme considering Rate of Change of Voltage for Voltage Stability)

  • 이윤환;김태균;김지훈;이병준;강부일;조종만
    • 대한전기학회:학술대회논문집
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    • 대한전기학회 2009년도 제40회 하계학술대회
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    • pp.179_180
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    • 2009
  • 계통에 외란이 발생하면 전압 붕괴 현상으로 이어져 제어될 수 없는 부하손실이나 캐스케이딩 현상의 형태로 발전 될 수 있다. 심각한 경우에 광역정전으로 확대되는 문제점이 생기는데, 이를 방지하기 위한 방안으로 최소한의 부하차단을 통하여 계통을 안정화시켜야 하며 불필요한 부하차단을 방지하기 위한 부하차단 다단계화가 수행 되어야 한다. 본 논문에서는 모선 전압의 민감도에 따른 적정한 부하차단 개소를 선택하였으며 부하차단 의사결정 방안으로 전압 변동률을 고려하여 다단계 부하차단 방안을 검토하였다. 전압변동율의 계산을 위하여 Least square 기법이 적용되었으며 2008년도 하계 최대부하 계통에 대한 동적 해석을 수행하였고, 계통 해석 결과를 바탕으로 이전에 제안 된 방안들에 비하여 향상되고 발전된 효율적인 저전압 부하차단 방안에 대하여 논의하였다.

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국내 은행수익성의 장단기적 변동구조 (The Structure of the Short and the Long-Run Variations in the Domestic Bank Earnings)

  • 김태호;박지원;김미연
    • 한국경영과학회지
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    • 제29권1호
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    • pp.31-41
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    • 2004
  • This study analyzes the structure of the variations In the domestic bank earnings and examines their dynamic features by estimating the short-run response and the long-run adjustment Process after the changes in financial market variables. A system of the equations for the bank stock price index and KOSPI is formulated to utilize the whole information in the market and simultaneously estimated to identify the relationships between the market variables and the bank earnings. Since the bank stock price is found to be responsive to changes in none of the market variables in the short run, while being relatively responsive to dollar exchange rate and business state, It implies that a good economic conditions and a stable foreign exchange rate should be maintained to Improve the level of the stock price In the long run. In addition, the dynamic structure of the responses of the bank stock price index and KOSPI to the initial changes in the market variable are compared and anlayzed. The response of the bank stock price appears to take much longer in adjusting to the long-run eouilibrium level than that of KOSPI. As a result, the cumulative response of the bank stock price index over time is found much bigger than that of HOSPI.

Effects of Bank Macroeconomic Indicators on the Stability of the Financial System in Indonesia

  • VIPHINDRARTIN, Sebastiana;ARDHANARI, Margaretha;WILANTARI, Regina Niken;SOMAJI, Rafael Purtomo;ARIANTI, Selvi
    • The Journal of Asian Finance, Economics and Business
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    • 제8권1호
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    • pp.647-654
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    • 2021
  • This study examines the non-performing loans of rural banks and macroeconomic factors in Indonesia, including inflation, exchange rates, and interest rates. Theoretically, the existence of erratic macroeconomic conditions can affect the level of non-performing credit risk in rural credit banks in Indonesia. The effect of macroeconomic conditions on non-performing loans has a different response for each economic sector. The main objective of this study is to determine the effect of macroeconomic factors (inflation, exchange rates, and interest rates) and bank-specific factors (credit) on the Non-Performing Loans (NPL) of Rural Banks in Indonesia for the period from January 2015 to December 2018. This study uses a Vector Error Correction Model (VECM) estimation to determine the effect of independent variables consisting of macroeconomic factors and bank-specific factors. Based on the estimation results of the Vector Error Correction Model, three variables that have a positive and significant effect on long-term non-performing loans are credit, inflation, and interest rates. Meanwhile, in the short term, there are only two variables that have a positive and significant effect on non-performing loans, namely, credit and interest rates. Inflation and exchange rate variables have a negative and insignificant effect on bad credit in the short term.

NMR Hydrogen Exchange Study of DNA Duplex Containing the Consensus Binding Site for Human MEIS1

  • Choi, Seo-Ree;Jin, Ho-seong;Seo, Yeo-Jin;Lee, Joon-Hwa
    • 한국자기공명학회논문지
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    • 제24권4호
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    • pp.117-122
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    • 2020
  • Transcription factors are proteins that bind specific sites or elements in regulatory regions of DNA, known as promoters or enhancers, where they control the transcription or expression of target genes. MEIS1 protein is a DNA-binding domain present in human transcription factors and plays important roles in various biological functions. The hydrogen exchange rate constants of the imino protons were determined for the wild-type containing the consensus DNA-binding site for the MEIS1 and those of the mutant DNA duplexes using NMR spectroscopy. The G2A-, A3G- and C4T-mutant DNA duplexes lead to clear changes in thermal stabilities of these four consensus base pairs. These unique dynamic features of the four base pairs in the consensus 5'-TGAC-3' sequence might play crucial roles in the effective DNA binding of the MEIS1 protein.

Factors Impacting Tourism Demand: An Analysis of 10 ASEAN Countries

  • NGUYEN, Lien Phuong;NGUYEN, Ha Thu
    • The Journal of Asian Finance, Economics and Business
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    • 제8권1호
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    • pp.385-393
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    • 2021
  • This study investigates the effect of infrastructure, economic sectors and its status, foreign direct investment and private investment, as well as the role of political stability in enhancing the tourism demand in the ASEAN region. The research collected the secondary data from the World Bank database and the UNWTO website of 10 ASEAN countries over 17 years from 2000 to 2016. Applying the generalized method of moments, this research found that, "private investment", "economic sectors", "exchange rate and infrastructure measured by "using of the internet" can increase the tourism demand of a country in the ASEAN region. This research provided evidence indicating that the "foreign direct investment" and "inflation" are two detrimental factors for tourist attraction. The major finding confirmed the positive role of "political stability" in increasing tourist arrivals. First, attracting tourists to a country always poses many challenges to its government. It has been observed in the past decades that though there were many documents, which confirmed that industry can help in promoting tourism, very few studies investigated the role of both agriculture and manufacturing sectors in tourism promotion. Secondly, there are only a few studies which verifies the stability of the political system to the tourism demand in the ASEAN region and that this variable (political stability) has the strongest impact.

Income Distribution and Factors Affecting the Bank's Stability

  • TRINH, Viet Xuan;DO, Du Kim;NGUYEN, Anh Thi Lan
    • 유통과학연구
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    • 제20권9호
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    • pp.23-28
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    • 2022
  • Purpose: Research on banking sustainability plays an important role in helping banks understand the level of risk in different types of companies. Therefore, this study was conducted to determine the factors affecting the sustainability of Joint Stock Commercia l Banks in Vietnam. Research design, data and methodology: The following theories, the factors affecting the bank's sustainability include: Business model diversification (income diversification), bank size, loan ratio, and net interest margin. Data was collected from Joint Stock Commercial banks in Vietnam from 2015 to 2019. With GLS model on panel data with banks listed on Vietnam stock exchange. Results: The analysis results show that net interest income has a positive impact on the sustainable business results of banks through the rate of return on total assets (ROA). The non-interest income hasn't impact on bank stability. From this result, there aren't positive signs of income diversification in banks. At the same time, with the obtained results, the study also provides a policy implication for banks. Conclusions: The study also provides some policy implications to improve the bank stability. Diversifying income in banks is necessary, but how to make it influential banks has not yet been done. Therefore, the adjustments in non-interest business activities need to be carefully considered by banks.

Effect of Ramping Rate on the Durability of Proton Exchange Membrane Water Electrolysis During Dynamic Operation Using Triangular Voltage Cycling

  • Hye Young Jung;Yong Seok Jun;Kwan-Young Lee;Hyun S. Park;Sung Ki Cho;Jong Hyun Jang
    • Journal of Electrochemical Science and Technology
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    • 제15권2호
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    • pp.253-260
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    • 2024
  • Proton exchange membrane water electrolysis (PEMWE) is an efficient method for utilizing renewable energy sources such as wind and solar powers to produce green hydrogen. For PEMWE powered by renewable energy sources, its durability is a crucial factor in its performance since irregular and fluctuating characteristics of renewable energy sources, especially for wind power, can deteriorate the stability of PEMWE. Triangular voltage cycle is well able to simulate fluctuating wind power, but its effect on the durability has not been investigated extensively. In this study, the performance degradation of the PEMWE cell operated with the triangular voltage cycling was investigated at different ramping rates. The measured current responses during the cycling gradually decreased for both ramping rates, and I-V curve measurements before and after the cycling confirmed the degradation of the performances of PEMWE. For both measurements, the degradation rate was larger for 300 mV s-1 than 30 mV s-1, and they were determined as 0.36 and 1.26 mV h-1 (at the current density of 2 A cm-2) at the ramping rates of 30 and 300 mV s-1, respectively. The comparison with other studies on triangular voltage cycling also indicate that an increase in the ramping rate accelerates the deterioration of the PEMWE performance. X-ray photoelectron spectroscopy and transmission electron microscopy results showed that the Ir catalyst was oxidized and did not dissolve during the voltage cycling. This study suggests that the ramping rate of the triangular voltage cycling is an important factor for the evaluation of the durability of PEMWE cells.