• Title/Summary/Keyword: Interest Rate-Spread

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Testing for the Statistical Interrelationship between the Real Estate and the Stock Markets (부동산시장과 주식시장의 통계적 연관성 검정)

  • Kim, Tae-Ho
    • The Korean Journal of Applied Statistics
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    • v.21 no.3
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    • pp.497-508
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    • 2008
  • As important markets have been closely connected in the opening and globalizing process, the instability in one market is increasingly possible to spread in other markets, which necessarily leads to careful investigations. In analyzing the short and the long run dynamics between the stock and the real estate markets, which are the two major investment options, this study conducts the statistical tests for the interrelationships between the two markets and the possibility of their substitution effect. In addition, the estimation results appear to be consistent with the simple causal relationship among the markets in the high interest rate period and the relatively complex relationship in the low interest rate period.

A Study on the Mutual Credit Work of Fisheries Cooperatives in Korea (수산업협동조합의 상호금융사업에 관한 고찰)

  • 오환종
    • The Journal of Fisheries Business Administration
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    • v.16 no.1
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    • pp.31-54
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    • 1985
  • The mutual credit of Fisheries Cooperatives is reciprocal financing bring overs and shorts to settlement themselves by filling each other's needs among feeble fishermen economically. The spread of mutual credit through Fisheries Cooperatives reduces private loan dependence and private loan interest rate at fishery village, and that fills up policy financing being restricted by working scale. And seeing movement side of Fisheries Cooperatives, it has done an under board to settle self-supporting foundation of primary fisheries cooperatives early. The mutual credit deposit shows about 53 times increase past an interval of a ten years. This increase rate is an epoch-making record being unparalleled in other banking facilities except Fisheries Cooperatives. Then being unparalleled increase rate, time and savings deposits increase has been contributed a great deal than demand deposits. Thinking important function factors as mutual credit growth, we can classify interior and exterior factors. The exterior factor is income of fishery household in some measure, interior factors are the high deposits interest rate and the enlargement of facilities organization. As these, they have been in a better factors, also have been a restriction factors. The restriction factors are conflict cancellation between mutual credit and them bring into existence a village vault, mutual savings and finance companies, private finance. For the sake of continuance growth rate in mutual credit as past, we should eliminate restricted factors in growth. On the other hand the better factors in growth should be act upon affirmation side continually. Consequently under circumstances not to an amicable settlement bring the fisheries fund demand as policy financing, we should do continuous and sound development of fisheries financing by means of putting in good order of fisheries cooperatives mutual credit. Surveying a problem from these viewpoints, when we study more deep and a full into a subject about growth project of mutual credit, we think to expect continuous growth in mutual credit of Fisheries Cooperatives.

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Determinants of Economic Segregation and Spatial Distribution of Poverty

  • Park, Yoonhwan
    • Journal of Distribution Science
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    • v.17 no.3
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    • pp.21-30
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    • 2019
  • Purpose - While many related prior studies have focused on the segregation by race and ethnicity, the academic interest in the separation of residence by income and social class is gradually increasing. This study aims to not only investigate spatial pattern of economic segregation and poverty rate in South Korea, but also shed light on what affect residential distribution of the poor. Research design, data, and methodology - The unit of analysis is Si-Gun-Gu municipal level entities of South Korea. Most demographic, socioeconomic, and residential variables were derived from Korean Census Data in 2015. In order to examine spatial patterns of economic segregation and poverty rate in South Korea, a series of measurements and visualization was conducted through the Geo-Segregation Analyzer and ArcGIS programs. Determinants of economic segregation and local poverty rates were investigated by regression analyses using STATA. Results - The spatial patterns of areas with high poverty rates were extremely clustered, while the distribution of areas with high economic segregation was relatively evenly distributed. Demographic, residential, and local factors appeared to affect whether the poor live in particular area or spread evenly. Conclusions - The factors that raise the poverty rate result in lower level of economic segregation, while factors that reduce the poverty rate lead to severe level of economic segregation.

Gaze Differences between Expert and Novice Teachers in Science Classes

  • Kim, Won-Jung;Byeon, Jung-Ho;Lee, Il-Sun;Kwon, Yong-Ju
    • Journal of The Korean Association For Science Education
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    • v.32 no.9
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    • pp.1443-1451
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    • 2012
  • This study aims to investigate the gaze patterns of two expert and two novice teachers in one hour of lecture type class. Teachers recruited from the same middle school conducted the class each, wearing an eye-tracker. Gaze rate and gaze movement pattern were analyzed. The scene where teachers faced in the classroom was categorized into three zones; student zone, material zone, and non-teaching zone. Student zone was divided into nine areas of interest to see the gaze distribution within the student zone. Expert teachers showed focused gaze on student zone while novice teachers' gaze rate was significantly higher at the non-teaching zone, compared to expert teachers' one. Within student zone, expert teachers' gaze spread to the rear areas, but novice teachers' one was narrowly resided in the middle areas of the student zone. This difference in gaze caused different eye movement pattern: experts' T pattern and novices' I pattern. On the other hand, both teacher groups showed the least gaze rate onto the left and right front areas. Which change is required to teachers' gaze behavior and what must be considered in order to make effective teacher gaze in the classroom setting were discussed.

Analysis of Factors of IRRs and Spread on Korea's BTO Projects (우리나라 민간투자사업의 수익률과 가산금리의 결정요인 분석)

  • Ju, Jae-Hong;Ha, Heon-Gu;Park, Dong-Gyu
    • Journal of Korean Society of Transportation
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    • v.28 no.2
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    • pp.135-150
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    • 2010
  • This paper focuses on finding out which covenants are different among the concession agreements of Korean BTO projects and how these influenced IRR(Internal Rate of Return). That is, to figure out the political and economical determinants of IRR by analyzing the concession agreements which are the basic contract of implementing projects. As IRR is an index of profitability, so spread is an indicator of risk to collect debts. That's the reason why the analysis of spread is included. For the empirical analysis, the data of concession agreements for 75 projects and financial models are used. These 75 concession agreements are contracted from 1995 to 2008. The dependent variables are after tax nominal IRR and the spread of long term interest rates of 75 BTO projects. The independent variables are project's proceeding factors, the feasibility variables, the variables related to financial character and the variables related to covenants or the government's policy. The analysis shows that IRR has been influenced by the equity level of financial investors, the national government managed projects, the projects with minimum revenue guarantee (MRG), etc. And the equity level of financial investors, the national government managed projects and the implementation of supplementary project have an effect on spread also.

An Experimental Study on the Efficacy of Vitamin E aganinst Oxygen Toxicity (산소중독에 대한 Vitamin E의 보호효과에 관한 실험적 연구)

  • Lee, Sung-Gyu;Lee, Sang-Il;Cho, Soo-Hun;Yun, Dork-Ro
    • Journal of Preventive Medicine and Public Health
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    • v.19 no.2 s.20
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    • pp.184-192
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    • 1986
  • Since the wide spread application of hyperbaric oxygenation in clinical setting, the problems of oxygen toxicity have been attracting a deep interest from the researchers on hyperbaric medicine as a practical issue. Among extensive research trials, the study on the protective agents against oxygen toxicity occupied one of the most challenging field. As the mechanisms of oxygen toxicity, the role of the oxygen free radicals produced by peroxidation process are strongly accepted by the leading researchers on oxygen toxicity, the probable protective effects of antioxidant against oxygen toxicity are sustaining a sufficient rationale. In this study, the author attempted to evaluate the effect of vitamin E as a protective agent against oxygen toxicity through the observation of death rate, convulsion rate, time to convulsion, and macroscopic and microscopic pathological changes of experimental rats exposed to 100% oxygen at 5 ATA for 120 minutes. The findings observed are as follows: 1) The death rate, convulsion rate, time to convulsion, organ/body weight ratio and microscopic pathological findings were identified as reliable objective and quantitative indices for oxygen toxicity. 2) Vitamin E showed excellent protective effects against CNS and pulmonary oxygen toxicity as a strong antioxidant. The most effective dose seemed to be around 400 mg/kg 3) The results of this study are supporting the oxygen free radical hypothesis on oxygen toxicity.

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An Empirical Study on Bank Capital Channel and Risk-Taking Channel for Monetary Policy (통화정책의 은행자본경로와 위험추구경로에 대한 실증분석)

  • Lee, Sang Jin
    • Economic Analysis
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    • v.27 no.3
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    • pp.1-32
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    • 2021
  • This study empirically analyzes whether bank capital channel and risk-taking channel for monetary policy work for domestic banks in South Korea by analyzing the impact of the expansionary monetary policy on the rate spread between deposit and loan, capital ratio, and loan amount. For the empirical analysis, the Uhlig (2005)'s sign-restricted SVAR(Structural Vector Auto-Regression) model is used. The empirical results are as follows: the bank's interest rate margin increases, the capital ratio improves, risk-weighted asset ratio increases, and the amount of loans increases in response to expansionary monetary shock. This empirical results confirm that bank capital channel and risk-taking channel work in domestic banks, similar to the previous research results. The implications of this study are as follows. Although the expansionary monetary policy has the effect of improving the bank's financial soundness and profitability in the short term as bank capital channel works, it could negatively affect the soundness of banks by encouraging banks to pursue risk in the long run as risk-taking channel works. It is necessary to note that the capital ratio according to the BIS minimum capital requirement of individual banks may cause an illusion in supervising the soundness of the bank. So, the bank's aggressive lending expansion may lead to an inherent weakness in the event of a crisis. Since the financial authority may have an illusion about the bank's financial soundness if the low interest rate persists, the authority needs to be actively interested in stress tests and concentration risk management in the pillar 2 of the BIS capital accord. In addition, since system risk may increase, it is necessary to conduct regular stress tests or preemptive monitoring of assets concentration risk.

The prevalence of feline parasites in Suwon, Korea

  • Youn, Heejeong;Cho, Myung-Rae;Lim, Yong-Suk;Kim, Kyoung Hee;Bae, Bo-Kyung;Shin, Namsik;Nam, Ho-Woo
    • Korean Journal of Veterinary Research
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    • v.52 no.2
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    • pp.65-68
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    • 2012
  • Feline parasites were investigated in the area of Suwon in Korea from September to October, 2003. Wild cat had spread to zoonotic parasites, these parasites could cause infection with a person. People have a lot of interest in parasite infection of wild cat. This article reviews rate of infection of a parasites and kind of a parasite of wild cats. We will report the critical characteristic features of parasites to a better understanding of the disease. The incidence rates of Toxocara cati, Trichuris felis, Ancylostoma braziliense and Capillaria sp were 37.0, 4.3, 1.1 and 1.1% in nematodes. Those of Taenia taeniaformis and Opisthorchis sp were 2.2 and 1.1% in cestode and trematode. Those of Isospora felis, Toxoplasma gondii, and Sarcocystis sp were 8.7, 9.8, and 2.2% in protozoa. Almost of these were zoonotic parasites without Isospora felis.

A Study on Verification for the Design of Bio Safety Level 3 Laboratory by using Multi-zone Simulation (멀티죤 시뮬레이션을 이용한 생물안전 3등급(BSL3)시설의 설계 검증에 관한 연구)

  • Lee, Hyun-Woo;Choi, Sang-Gon;Hong, Jin-Kwan
    • Korean Journal of Air-Conditioning and Refrigeration Engineering
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    • v.21 no.12
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    • pp.671-677
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    • 2009
  • In Korea, since the implementation of the LMO Law, the interest of biosafety level 3(BL3) lab. is increasing. In this study, using CONTAM which is applying multizone modelling, the multizone simulation for design verification of BL3 lab. is performed. In BL3 lab., because required air change rate is greater than general estimated air-conditioning load and it is difficult to maintain room pressure difference efficiently, to maintain pressure difference between laboratory rooms is important through sealing condition of doors and proper airflow control of laboratory rooms. In this study, about BL3 lab,(M. tuberculosis research lab.), the multizone simulation for four kind of biohazard scenarios is carried out in the case of unexpected spread of contaminants in the laboratory room, anteroom, corridor and inside of BSC. Multizone simulation results show that these approach methods are used as a tool for the design and verification of BL3 lab.

Properties of Matrix According to the Replacement Ratio of Portland Cement-based Carbonation Sluge (시멘트 기반 탄화슬러지 치환율에 따른 경화체의 특성)

  • Kang, Yong-Mo;Lee, Hye-Eun;Lee, Sang Soo
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2021.05a
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    • pp.189-190
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    • 2021
  • Recently, the spread of intense social distancing and untact culture due to COVID-19 has increased the time spent indoors. In addition, according to the International Cancer Institute, fine dust was classified as a first-class carcinogen, a substance found to be carcinogenic, such as asbestos and benzene. As a result, interest in indoor air quality is increasing, and many studies are underway to reduce air pollutants. This study is a basic experiment of a board made to improve indoor air quality. The basic characteristics of the board, flexural strength and compressive strength, are analyzed and the results of the test are as follows. Experiments have shown that flexural strength and compressive strength tend to decrease as the replacement rate of hydrocarbons increases. It is believed that the strength of the sludge has decreased due to the increase in internal voids due to the increase in non-surface area, volume and diameter of microfiber as it undergoes the carbonation process. In addition, it is believed that the amount of moisture needed for curing during the mixing process was reduced due to the absorption of hydrocarbons.

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