• Title/Summary/Keyword: bank response

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

  • 김태호;박지원;김미연
    • Journal of the Korean Operations Research and Management Science Society
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    • v.29 no.1
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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.

Isolation and Characterization of a Type II Peroxiredoxin Gene from Panax ginseng C. A. Meyer

  • Kim, Yu-Jin;Lee, Jung-Hye;Lee, Ok-Ran;Shim, Ju-Sun;Jung, Seok-Kyu;Son, Na-Ri;Kim, Ju-Han;Kim, Se-Young;Yang, Deok-Chun
    • Journal of Ginseng Research
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    • v.34 no.4
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    • pp.296-303
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    • 2010
  • A peroxiredoxin cDNA (PgPrx) was isolated and characterized from the leaves of Panax ginseng. The cDNA is 716 nucleotides long and has an open reading frame of 489 base pairs with a deduced amino acid sequence of 162 residues. The calculated molecular mass of the mature protein is approximately 17.4 kDa with a predicted isoelectric point of 5.37. A GenBank BlastX search revealed that the deduced amino acid sequence of PgPrx shares a high degree homology with type II peroxiredoxin (Prx) proteins in other plants. The PgPrx gene was highly expressed in leaves, and expressed at a low level in the stem. To analyze the gene expression of PgPrx in response to various abiotic stresses, we utilized real-time quantitative RT-PCR. Our results reveal that PgPrx expression is induced by ultraviolet irradiation, low temperature, and salt. The induction of PgPrx in response to abiotic stimuli suggests that ginseng Prx may function to protect the host against environmental stresses.

Model based optimal FIR synthesis filter for a nosy filter bank system

  • Lee, Hyun-Beom;Han, Soo-Hee;Kwon, Wook-Hyun
    • 제어로봇시스템학회:학술대회논문집
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    • 2003.10a
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    • pp.413-418
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    • 2003
  • In this paper, a new multirate optimal finite impulse response (FIR) filter is proposed for the signal reconstruction in the nosy filter bank systems. The multirate optimal FIR filter replaces the conventional synthesis filters and the Kalman synthesis filter. First, the generic linear model is derived from the multirate state space model for an autoregressive (AR)input signal. Second, the multirate optimal FIR filter is derived from the multirate generic linear model using the minimum variance criterion. This paper also provides numerical examples and results. The simulation results illustrate that the performance is improved compared with conventional synthesis filters and the proposed filter has advantages over the Kalman synthesis filter.

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LBCC of Transient State for High Strength Steel in Hot Strip Mills (열연 고강도강의 비정상부 온도제어를 위한 LBCC 개발)

  • Park, Cheol-Jae;Yoon, Kang-Sup
    • Journal of Institute of Control, Robotics and Systems
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    • v.17 no.4
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    • pp.382-387
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    • 2011
  • In this paper, a LBCC (Latter Bank Cooling Control) for the high strength steel is proposed to obtain the desirable temperature and the property of the material along the longitudinal direction of the steel on the ROT (Run-Out Table) process. A cooling valve is modeled to analyze the response of the ROT banks. The control concept is derived from a field data, a valve model considering the valve response and a TTT (Time-Temperature Transformation) diagram. The proposed control is verified from the simulation results under the various carbon quantities. It is shown through the field test of the hot strip mill that the deviation of the CT (Coiling Temperature) is considerably decreased by the proposed temperature control.

The Effect of Liquidity Creation on Bank Capital: A Case Study in Indonesia

  • FUAD, Ahmad;DISMAN, Disman;NUGRAHA, Nugraha;MAYASARI, Mayasari;FUAD, Ahmad
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.5
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    • pp.649-656
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    • 2021
  • This paper aims to examine the moderating role of bank competition on the effect of liquidity creation on bank capital. We measure bank competition using the Lerner index approach, liquidity creation using the Catfat approach, and bank capital using the capital to total asset ratio approach. This test also considers control variables from bank-specific factors such as Return on Assets, Loan to Deposit Ratio, and Non-Performance Loans as well as macroeconomic factors such as Gross Domestic Product, inflation, and Bank Indonesia interest rates. The sampling technique used was purposive sampling. The data sample obtained was 96 banks from a population of 114 banks in Indonesia which consistently operated during the period 2008-2018. Hypothesis testing uses panel data regression analysis techniques through the first model of the Hayes method. The results show that the negative effect of liquidity creation on bank capital depends on competition. We found that bank competition at any level (low, medium, high) negatively moderates (weakens) the effect of liquidity creation on bank capital in all banks. This finding is consistent with the view that banks may strengthen their capital in response to bank competition which may decrease the level of bank liquidity creation.

The Optimization of Bank Branches Efficiency by Means of Response Surface Method and Data Envelopment Analysis: A Case of Iran

  • Shadkam, Elham;Bijari, Mehdi
    • The Journal of Asian Finance, Economics and Business
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    • v.2 no.2
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    • pp.13-18
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    • 2015
  • In this paper the DRC model is presented for solving multi objective problem. The proposed model is a combination of data envelopment analysis, Cuckoo algorithm and the response surface method. Due to reasons like costs, time and irreversible damages, it is not possible to analyze each and every one of the proposed models in practice, so the simulation is used. Since the number of experiments for simulation process is high then the optimization has gone to practice and directs the simulation process. The response surface method is used as one of the approaches of simulation optimization. Furthermore, data envelopment analysis is used to consider several response surfaces as efficiency response surface. Then this efficiency response surface is solved by Cuckoo algorithms. The main advantage of DRC model is to make one efficiency response surface function instate of multi surface function for every output and also using the advantages of Cuckoo algorithms. In order to demonstrate the effectiveness of the proposed approach, the branches of Refah bank in Mashhad is analyzed and the results are presented.

Do Words in Central Bank Press Releases Affect Thailand's Financial Markets?

  • CHATCHAWAN, Sapphasak
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.4
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    • pp.113-124
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    • 2021
  • The study investigates how financial markets respond to a shock to tone and semantic similarity of the Bank of Thailand press releases. The techniques in natural language processing are employed to quantify the tone and the semantic similarity of 69 press releases from 2010 to 2018. The corpus of the press releases is accessible to the general public. Stock market returns and bond yields are measured by logged return on SET50 and short-term and long-term government bonds, respectively. Data are daily from January 4, 2010, to August 8, 2019. The study uses the Structural Vector Auto Regressive model (SVAR) to analyze the effects of unanticipated and temporary shocks to the tone and the semantic similarity on bond yields and stock market returns. Impulse response functions are also constructed for the analysis. The results show that 1-month, 3-month, 6-month and 1-year bond yields significantly increase in response to a positive shock to the tone of press releases and 1-month, 3-month, 6-month, 1-year and 25-year bond yields significantly increase in response to a positive shock to the semantic similarity. Interestingly, stock market returns obtained from the SET50 index insignificantly respond to the shocks from the tone and the semantic similarity of the press releases.

Operon Required for Fruiting Body Development in Myxococcus xanthus

  • Kim, Do-Hee;Chung, Jin-Woo;Hyun, Hye-Sook;Lee, Cha-Yul;Lee, Kyoung;Cho, Kyung-Yun
    • Journal of Microbiology and Biotechnology
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    • v.19 no.11
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    • pp.1288-1294
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    • 2009
  • We have used mutational analysis to identity four genes, MXAN3553, MXAN3554, MXAN3555, and MXAN3556, constituting an operon that is essential for normal fruiting body development in Myxococcus xanthus. Deletion of MXAN3553, which encoded a hypothetical protein, resulted in delayed fruiting body development. MXAN3554 was predicted to encode a metallopeptidase, and its deletion caused fruiting body formation to fail. Inactivation of MXAN3555, which encoded a putative NtrC-type response regulator, resulted in delayed aggregation and a severe reduction in sporulation. Fruiting bodies also failed to develop with the deletion of MXAN3556, another gene encoding a hypothetical protein.

Effects of Foreign Capital Inflow on Efficiency of Bank Industry (외국자본유입이 우리나라 은행산업의 효율성에 미치는 영향)

  • Kim, Chang-Beom
    • International Commerce and Information Review
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    • v.9 no.3
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    • pp.23-32
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    • 2007
  • The purpose of this study is to estimate and analyse the relationship between efficiency of bank industry and macroeconomic variables. We employ Johansen's multivariate cointegration methodology, since the model must be stationary to avoid the spurious results. The empirical results show that our model is stationary as well as mean-reverting. This paper also applies impulse-response functions to get additional information regarding the responses of the bank spread to the shocks economic variables such as long and short term interest rates differential, banking organ liquidity, business cycle index, and foreigner's net equity investment. The results indicate that while the bank spread respond positively to liquidity and equity investment shocks and then decay very quickly.

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