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The Implications of Simultaneous Capital Stop and Retrenchment during Financial Crises

  • Suh, Jae-Hyun
    • Journal of Korea Trade
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    • 제24권7호
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    • pp.38-53
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    • 2020
  • Purpose - A financial crash triggers asset fire sales by foreign investors and, as a consequence, the price of domestic assets severely decreases. Domestic investors take advantage of these low prices by replacing foreign assets with domestic assets, which helps to alleviate the liquidity shock caused by foreigners. However, is the amount of capital retrenchment by domestic investors sufficient to protect the Korean economy from capital stop by foreign investors during financial crisis? This paper answers this question and suggests the implications of this phenomenon for the Korean economy. Design/methodology - We estimate the associations between capital stop and retrenchment and various financial crises such as banking, currency, debt, and inflation crises using the complementary log-log model. Specifically, we use data of gross capital flows to differentiate between the role of foreign and domestic investors in financial markets. Capital stop and retrenchment designate a sharp decrease in gross capital inflows and outflows, respectively. Findings - Capital stop is significantly associated with financial crises, especially currency and debt crises. This implies that increased risk aversion during times of financial turmoil encourages foreign investors to retrench their investments, worsening liquidity shocks. Conversely, capital retrenchment is not significantly associated with such crises. The results show that, although financial crises reduce gross capital outflows, the reduction is not as large as that with capital inflows. Originality/value - The contribution of this paper is threefold. First, this study investigates how domestic investors behave during times of financial distress by studying gross capital flows-not net capital flows. Second, we concentrate on sharp changes in capital flows during crises. Third, we examine the associations between capital stop and retrenchment and financial crises in general, not specific events.

Research on no coal pillar protection technology in a double lane with pre-set isolation wall

  • Liu, Hui;Li, Xuelong;Gao Xin;Long, Kun;Chen, Peng
    • Geomechanics and Engineering
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    • 제27권6호
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    • pp.537-550
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    • 2021
  • There are various technical problems need to be solved in the construction process of pre-setting an isolation wall into a double lane in the outburst prone mine. This study presents a methodology that pre-setting an isolation wall into a double lane without a coal pillar. This requires the excavation of two small section roadways to dig a wide section roadway, followed by construction of the separation wall. During this process the connecting lane is reserved. In order to ensure the stability of the separation wall, the required bearing capacity of the isolation wall is 4.66 MN/m and the deformation of the isolation wall is approximately 25 cm. To reduce the difficulty of implementing support the roadway is driven by 5 m/d. After the construction of the separation wall, the left side coal wall is brushed 1.5 m to make the width of the gas roadway reach 2.5 m and the roadway support utilizes anchor rod, ladder beam, anchor cable beam and net configuration. During construction, the concrete pump and removable self-propelled hydraulic wall mold are used to pump and pour the concrete of the isolation wall. In the process of mining, the stress distribution of coal body and isolation wall is detected and measured on site. The results demonstrate that the deformation of the surrounding rock of roadway and separation of roof in the roadway is small. The stress of the bolt and anchor cable is within equipment tolerance validating their selection. The roadway is well supported and the intended goal is achieved. The methodology can be used for reference for similar mine gas control.

A deep learning framework for wind pressure super-resolution reconstruction

  • Xiao Chen;Xinhui Dong;Pengfei Lin;Fei Ding;Bubryur Kim;Jie Song;Yiqing Xiao;Gang Hu
    • Wind and Structures
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    • 제36권6호
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    • pp.405-421
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    • 2023
  • Strong wind is the main factors of wind-damage of high-rise buildings, which often creates largely economical losses and casualties. Wind pressure plays a critical role in wind effects on buildings. To obtain the high-resolution wind pressure field, it often requires massive pressure taps. In this study, two traditional methods, including bilinear and bicubic interpolation, and two deep learning techniques including Residual Networks (ResNet) and Generative Adversarial Networks (GANs), are employed to reconstruct wind pressure filed from limited pressure taps on the surface of an ideal building from TPU database. It was found that the GANs model exhibits the best performance in reconstructing the wind pressure field. Meanwhile, it was confirmed that k-means clustering based retained pressure taps as model input can significantly improve the reconstruction ability of GANs model. Finally, the generalization ability of k-means clustering based GANs model in reconstructing wind pressure field is verified by an actual engineering structure. Importantly, the k-means clustering based GANs model can achieve satisfactory reconstruction in wind pressure field under the inputs processing by k-means clustering, even the 20% of pressure taps. Therefore, it is expected to save a huge number of pressure taps under the field reconstruction and achieve timely and accurately reconstruction of wind pressure field under k-means clustering based GANs model.

응급의료 전달체계의 충실 방안 (A Study in an Effective Programs for Emergency Care Delivery System)

  • 권숙희
    • 한국보건간호학회지
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    • 제9권1호
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    • pp.83-102
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    • 1995
  • As the society is being industrialized, the fast-paced economic development that has caused substantial increase in cerebrovascular and coronary artery diseases and the industrial development and increased use of means of transportation have resulted in the rapid rise of incidents in external injuries as well. So the pubic has become acutely aware of the need for fast and effective emergency care delivery system. The goal of emergency care delivery system is to meet the emergency care needs of patients. The emergency care delivery system is seeking to efficiently satisfy the care needs of people. Therefore the purpose of this study is designed to develop an effective programs for emergency care delivery system in Korea. The following specific objectives were investigated. This emergency care delivery system must have the necessary man power, for transfering the patients, communication net work, and emergency care facilities. 1) Man power Emergency care requires n0t only specialized traning in the emergency treatment but also knowledge and experience i11 other related area, so emergency care personnel traning program should be designed in order to adapt to the specific need of emergency patients. It will be necessary to ensure professional personnel who aquires the sufficient traning and experience for emergency care and to look for legal basis. We have to develop re-educational programs for emergency nurse specialist. They should be received speciality of emergency nursing care so that they will work actively and positively in emergency part. Emergency medical doctor and nurse specialist should be given an education which is related in emergency and critical care. Emergency care personnel will continue to provide both acute and continuing care as partner with other medical team. 2) Transfering the patients. Successful management of pre-hospital care requires adequate traning for the emergency medical technician. Traning program should be required to participate in a actual first aids activites in order to have apportunities to acquire practical skills as well as theoretical knowledge. The system of emergency medical technician should be remarkablly successful with first responder firefighters. Establishing this system must add necessary ambulances operating at any given time. It will be necessary to standardize the ambulance size and equipment. Ambulance should be arranged with each and every fire station. 3) Communication net work. The head office of emergency commumication network should be arranged with the head office of fire station in community. It is proposed that Hot-line system for emergency care should be introduce. High controlled ambulance and thirtial emergency center should simultaneously equip critical-line in order to communication with each other. Ordinary ambulance and secondary emergency facility should also simultaneously equip emergency-line in order to communication with each other. 4) Emergency care facilities. Primary emergency care facilities should be covered with the ambulatory emergency patients-minor illness and injuires. Secondary emergency care facilities should be covered with the emergency admission patients. Third emergency care center should be covered with the critical patients who need special treatments and operation. Secondary and third emergency care facilities should employ emergency medical doctor and emergency nurse specialist to treat in-patients with severe and acute illness and multiple injuires. It should be fashioned for a system of emergency facilities that meets emergency patients needs. Provide incentives for increased number of emergency care facilities with traning in personal/clinical emergency care. 5) Finance It is recommended to put the finance of a emergency care on a firm basis. The emergency care delivery system should be managed by the government or accreditted organizations. In order to facilitate this relevant program the fund is needed for more efficient and effective emergency researchs, service, programs, and policy. 6) Gaining understanding and co-operation of pubic It is also important to undertake pubic education to improve understanding of first aids and C. P. R of individuals, communities and business. It is proposed that teachers and health officers be certified in C. P. R. The C. P. R education can be powerful influence save lives. Lastly appropriate emergency care information must be provided to the pubic for assisting them in choosing emergency care.

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광역지자체의 산림지 온실가스 인벤토리 시범 산정 (Estimation of the Greenhouse Gas Inventory on Forest Land at Provincial Level)

  • 김경남;이선정;김래현;손영모
    • 한국농림기상학회지
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    • 제16권4호
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    • pp.336-342
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    • 2014
  • 본 연구는 우리나라의 광역지자체의 산림지 온실가스 배출량을 시범산정하기 위해 수행되었다. 온실가스 배출량은 국가 온실가스 인벤토리 산정 지침에 따라 산정하였으며, 이를 위해 임업통계연보 및 산림관련 활동 자료 및 배출계수를 이용하였다. 그 결과 산림지의 2011년 총 배출량은 -58,711Gg $CO_2eq.$, 벌채, 연료재 수집, 산불에 의한 배출량은 19,896Gg $CO_2eq.$로 나타났다. 2011년을 기준으로 산림지에서는 온실가스를 흡수하는 것으로 나타났고, 순 배출량은 -38,815Gg $CO_2eq.$로 나타났다. 광역지자체 별로는 강원도에서 온실가스를 가장 많이 흡수하는 것으로 나타났다. 본 연구의 산정결과는 현재 중복산정을 최대한 배제하고자 많은 통계를 활용하지 않은 것으로, 향후 활동자료 및 배출계수 등을 보완하여 산정할 필요가 있을 것으로 사료된다.

MAKING AGRICULTURAL INSURANCE IN INDIA FARMER-FRIENDLY AND CLIMATE RESILIENT

  • Kumar, K. Nirmal Ravi
    • Agribusiness and Information Management
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    • 제11권1호
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    • pp.27-39
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    • 2019
  • Agricultural risks are exacerbated by a variety of factors ranging from climatevariability and change, frequent natural disasters, uncertainties in yields and prices, weakrural infrastructure, imperfect markets and lack of financial services including limited spanand design of risk mitigation instruments such as credit and insurance. Indian agriculture has little more than half (53%) of its area still rainfed and this makes it highly sensitive to vagaries of climate causing unstable output. Besides adverse climatic factors, there are man-made disasters such as fire, sale of spurious seeds, adulteration of pesticides and fertilizers etc., and all these severely affect farmers through loss in production and farm income, and are beyond the control of farmers. Hence, crop insurance' is considered to be the promising tool to insulate the farmers from risks faced by them and to sustain them in the agri-business. This paper critically evaluates the performance of recent crop insurance scheme viz., Pradhan Mantri Fasal Bhima Yojana (PMFBY) and its comparative performance with earlier agricultural insurance schemes implemented in the country. It is heartening that, the comparative performance of PMFBY with earlier schemes revealed that, the Government has definitely taken a leap forward in covering more number of farmers and bringing more area under crop insurance with the execution of this new scheme and on this front, it deserves the appreciation in fulfilling the objective for bringing more number of farmers under insurance cover. The use of mobile based technology, reduced number of Crop Cutting Experiments (CCEs) and smart CCEs, digitization of land record and linking them to farmers' account for faster assessment/settlement of claims are some of the steps that contributed for effective implementation of this new crop insurance scheme. However, inadequate claim payments, errors in loss/yield assessment, delayed claim payment, no direct linkage between insurance companies and farmers are the major shortcomings of this scheme. This calls for revamping the crop insurance program in India from time to time in tune with the dynamic changes in climatic factors on one hand and to provide a safety-net for farmers to mitigate losses arising from climatic shocks on the other. The future research avenues include: insuring the revenue of the farmer (Price × Yield) as in USA and more and more tenant farmers should be brought under insurance by doling out discounts for group coverage of farmers like in Philippines where 20 per cent discount in premium is given for a group of 5-10 farmers, 30 per cent for a group of 10-20 and 40 per cent for a group of >20 farmers.

개방형에 따른 사방댐의 투과율 및 생태적 기능 분석 (Analysis of Ecological Function and Percent Passing of Erosion Control Dam by Openness)

  • 구길본;마호섭
    • 농업생명과학연구
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    • 제52권6호
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    • pp.1-12
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    • 2018
  • 본 연구는 산지계류에 시설되는 사방댐의 투과정도를 파악하고, 이를 바탕으로 재해예방과 생물종 다양성에 대한 적절한 보호 및 관리를 위하여 개방형에 따른 사방댐의 생태적 기능을 분석한 결과를 요약하면 다음과 같다. 투과율이 15% 미만인 불투과형 중력식 댐은 투과형 댐으로 구조개량 하거나 전환할 경우 투과율이 0.72%에서 55.8%로 약 77배 이상 증가하는 것으로 나타났다. 저사 및 저수 등 특별한 목적을 두고 시공하는 불투과형 중력식 사방댐을 제외하고는 하류지역으로 토사의 이동, 어류 및 양서류의 상 하류에의 생태통로 등 다양한 기능을 비교적 양호하게 할 수 있는 투과형으로 개선하여 시공할 필요성이 있다. 사방댐 차단높이에 따른 개방은 유효고, 기초부의 높이 및 하부기초 부분의 매몰정도에 따라 다르므로 현장여건 및 시공목적에 따라 설계할 필요성이 있다. 횡단면의 개방형태에 따른 사방댐의 생태적 기능은 어류소통형, 홍수조절형, 저수형(산불방지취수형), 토석막이형(저사형), 토석막이형(토석형) 및 입도분석형으로 제시하였다.