• 대한수학회보
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• 제42권2호
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• pp.295-305
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• 2005

In this paper, we investigate exchange ideals and get some new characterization of exchange rings. It is shown that an ideal I of a ring R is an exchange ideal if and only if so is $QM_2$(I). Also we observe that every exchange ideal can be characterized by exchange elements.

• 대한영양사협회학술지
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• 제9권2호
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• pp.159-171
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• 2003

The food composition tables are frequently used to health and nutrition practices. But it is difficult to find out food exchange lists with food exchange groups in the food composition table. Over 2500 items and many kinds of nutrients are in the food composition table. But now food exchange lists are used a few foods. The internet demands the users needs for obtaining more food exchange lists and nutrient information from food composition. This basic study is to solve the users need and the supply more efficient and effective manipulation system for e-food exchange database construction and search system:ENECC/e-food exchnage(E-Nutrition Education and Couseling Center/e-food exchange). This paper introduces the food exchange database construction and search system(ENECC/e-food exchange) using the formula which calculates the food exchange quantity of 6 food exchange groups and added one extra groups(alcohol) based on the internet. The ENECC/e-food exchange database is basically based on the 6th food composition table(2001) of the National Rural Living Science Institution in Rural Development Administration, Korea. The e-food exchange database are consisted of 2,261 foods in 6 basic food groups and one extra groups by using ENECC calculating formula. Also, the e-food exchange database has the proximate composition, mineral and vitamin content such as energy, moisture, protein, fat, carbohydrate, ash, calcium, phosphorus, iron, sodium, potassium, retinol equivalent, retinol, â-carotene, thiamin, riboflavin, niacin, ascorbic acid, refuse per 100g of each food.

• 국제지역연구
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• 제21권1호
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• pp.181-200
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• 2017

본 논문에서는 2006년 초부터 2015년 말까지 우리나라의 산업별 주가지수와 주요화폐의 환율을 이용하여 환율과 환율 변동성이 주가에 미치는 영향을 분석하였다. 주가지수로는 코스피지수와 우리나라의 대표적 산업인 음식료품, 화학, 기계, 전기전자, 종이목재, 전기가스, 운수장비, 은행 주가지수가 사용되었으며 환율의 변화를 보기 위한 주요화폐로서는 미국달러, 일본 엔, 유로, 영국 파운드가 사용되었다. 환율변화에 따른 주가의 반응분석에서는 예상한 바와 같이 전자, 운수장비 산업 주가와 환율은 정(+)의 관계를 나타내었으며 음식료품, 종이목재, 전기가스, 은행 산업의 경우도 예상한 것과 같이 주가와 환율은 부(-)의 관계를 나타냈다. 수출의 비중이 많은 기계 산업은 예상과 달리 부(-)의 반응을 보이는 것으로 나타났다. 화학 산업의 경우는 예상이 어려웠는데 분석결과 주가와 환율은 부(-)의 관계를 보여 주었다. 환율변동성에 대한 주가의 반응 분석에서는 종이목재 산업의 주가가 환율변동성에 부(-)의 반응을 나타냈다. 환율변동성에 대비한 위험관리 비용을 많이 지출하는 기업들이 종이목재산업에 속해 있는 것으로 보인다. 또한 은행산업의 주가도 환율변동성에 부(-)의 반응을 보였는데 이것은 선도환 등 외환 파생상품을 발행하여 수수료 수입이 증가하게 되는 은행산업의 주가는 환율변동성에 정(+)의 반응을 할 것이라는 예상과는 정반대의 결과였다.

• 전기학회논문지
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• 제59권12호
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• pp.2235-2239
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• 2010

In this study, The cation exchange membrane and the anion exchange membrane affect in electrical conduction of metal fuel cell was investigated. Magnesium material as anode electrode and the NaCl solution dissolved with 5~15wt% as electrolyte were used for the metal fuel cell. It was found that magnesium slag where flows toward the air electrode was suppressed by using ion exchange membrane. The open circuit voltage variation during discharge has very flat pattern by using ion exchange membrane, but the case which is not the exchange membrane, the open circuit voltage increased according to time. When using the anion exchange membrane, the electric current was higher case of the cation exchange membrane, as a result of higher equivalent conductivity in anion Cl-. The cation exchange membrane was observed with the fact that the output power is excellent in compared with anion exchange membrane.

• Industrial Engineering and Management Systems
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• 제6권1호
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• pp.55-63
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• 2007

Exchange of information is essential to the process of innovation such as product development. However, in many cases innovation fails because of a lack of knowledge sharing among parties concerned, even if parties individually have pieces of useful knowledge and skills. Besides physical factors like communication costs, the possibility of opportunistic behavior by parties like stealing ideas can discourage information exchange. This paper introduces a model to analyze incentives of information exchange. The model is a game by two players who alternately opt to offer information to the partner. It is suggested that information exchange can stop before reaching the efficient level. In order to attain the efficient information exchange, expectation of mutual benefit and absence of opportunistic motives in both players are needed. Methods for promoting information exchange include modifying payoff structure to meet the condition of information exchange. The fluidity of partnership may increase a variety of information exchange partners, but discourage building trust between partners which promotes information exchange.

• 유통과학연구
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• 제14권12호
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• pp.79-87
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• 2016

Purpose - Since 1990, the sudden stop in capital flows has caused the economic crisis. The purpose of this research is to suggest the policy measures to mitigate the risk of the sudden stop in capital flows. To this end, we examine the theoretical framework and analyze the case study for countries which are faced with the sudden stop. Also we examine the structural problems of the foreign exchange market in Korea and derive the policy implications to prevent the sudden stop. Research design, data, and methodology - The criteria of whether the sudden stop in capital flows occurs are based upon Calvo et al. (2008). In case the proxy variable for the balance of capital account decreases from the average by over twice standard deviation, we determine that the sudden stop occurs for that country. The sample period is from January 1990 to December 2008, as in Calvo (2014). The sample countries are 17 developed countries and 19 emerging market countries, which are different from those of the previous papers as Agosin and Huaita (2012), and Calvo (2014). When the exchange market pressure index(EMPI) is deviated from the average by over three times standard deviation, we determine that the foreign exchange market is unstable for that country. Results - We find that the characteristics of the sudden stop in capital flows are the bunching or contagion among countries, the rapid drop in real effective exchange rate, and the huge decrease in foreign exchange reserves. Many countries tried to increase foreign exchange reserves and regulate capital flows. Also the foreign exchange market in Korea are found to be the volatile exchange rate, the vulnerable external debt and careless management of the foreign exchange derivatives transaction risk. Conclusions - To lessen the risk in the sudden stop of capital flows, this research suggests the some useful policy measures. To enhance the foreign exchange and distribution market stability, we should improve the price mechanism of exchange rate, hold the appropriate level of foreign exchange reserves, prevent excessive inflows of foreign exchange and promote sound transactions of foreign exchange derivatives.

• The Journal of Asian Finance, Economics and Business
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• 제7권11호
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• pp.629-636
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• 2020

This study aims to identify and analyze the factors that affect foreign exchange reserves in Indonesia. We consider the variables of external debt, exchange rate, inflation, and exports as explanatory factors referring to previous studies. We apply the Autoregressive Distributed Lag approach to time-series data retrieved from the Central Bank of Indonesia (BI), the Central Bureau of Statistics (BPS), and International Monetary Funds (IMF) from January 2016 to December 2018. Our results show that foreign debt, exchange rates, inflation, and exports significantly affect the simultaneous fluctuation of foreign exchange reserves in Indonesia. Partially, foreign debt has a significant and positive effect on foreign exchange reserves. The exchange rate has a significant and negative effect on foreign exchange reserves in Indonesia. However, our findings explain that inflation does not significantly affect foreign exchange reserves in Indonesia, and exports have a significant and positive effect on foreign exchange reserves. This study is expected to be useful to policymakers in managing foreign exchange reserves, so the economy of Indonesia can grow sustainably. One of the exciting things in this study lies in the model that uses the Autoregressive Distributed Log, which can explain long-term relationships through adjusted coefficient and cointegration tests.

• East Asian Economic Review
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• 제20권4호
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• pp.469-491
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• 2016

In this paper, we estimate the exchange rate exposure, indicating the effect of exchange rate movements on firm values, for a sample of 1,400 firms in seven East Asian countries. The exposure estimates based on various exchange rate variables, return horizons and a control variable are compared. A key result from our analysis is that the long term effect of exchange rate movements on firm values is greater than the short term effect. And we find very similar results from using other exchange rate variables such as the U.S. dollar exchange rate, etc. Second, we add exchange rate volatility as a control variable and find that the extent of exposure is not much changed. Third, we examine the changes in exposure to exchange rate volatility with an increase in return horizon. Consequently the ratio of firms with significant exposures increases with the return horizons. Interestingly, the increase of exposure with the return horizons is faster for exposure to volatility than for exposure to exchange rate itself. Taken as a whole, our findings suggest that the socalled "exposure puzzle" may be a matter of the methodology used to measure exposure.

• The Journal of Asian Finance, Economics and Business
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• 제9권2호
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• pp.37-47
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• 2022

This study uses monthly data from January 2009 to December 2020 to examine the effectiveness of foreign currency intervention and its influence on monetary policy in Vietnam using a Hierarchical Bayesian VAR model. The findings suggest that foreign exchange intervention has little influence on the exchange rate level or exports, but it can significantly minimize exchange rate volatility. As a result, we can demonstrate that the claim that Vietnam is a currency manipulator is false. As well, the forecast error variance decomposition results reveal that interest rate differentials mainly determine the exchange rate level instead of foreign exchange intervention. Moreover, the findings suggest that foreign exchange intervention is not effectively sterilized in Vietnam. Inflation is caused by an increase in international reserves, which leads to an expansion of the money supply and a decrease in interest rates. Although the impact of foreign exchange intervention grows in tandem with the growth of international reserves, if the sterilizing capacity does not improve, rising foreign exchange intervention will instead result in inflation. Finally, we use a rolling window approach to examine the time-varying effect of foreign exchange intervention.

• 한국막학회:학술대회논문집
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• 한국막학회 1998년도 춘계 총회 및 학술발표회
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• pp.1-6
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• 1998

To change permselectivity between anions through the anion exchange membrane in electrodialysis, the various modified anion exchange membranes were prepared: highly crosslinked anion exchange membranes, anion exchange membranes having benzyl trialkylammonium groups with different carbon number of alkyl chain as anion exchange groups and anion exchange membranes having pyridinium groups with a hydrophilic or hydrophobic substituent at a different position as anion exchange groups. It became clear from the evaluation of these membranes that the degree of the hydrophilicity of the anion exchange membranes greatly affects the permselectivity between two artions. To increase the hydrophiticity of the anion exchange membranes further, electrodialysis was carried out in the presence of ethylene glycols and the permeation of strongly hydrated anions increased and that of less-hydrated anions decreased. It became clear that the change in the permselectivity between two artions is due to the change in the affinity of anions to the membranes, not the change in mobility ratio of the anions in the membranes phase.