• Communications for Statistical Applications and Methods
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• 제10권3호
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• pp.931-954
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• 2003

It is widely recognized that economic time series involved not only the linearities but also the non-linearities. In this paper, when the economic time series data have the nonlinear characteristics we propose the forecasts method using combinations of both forecasts from linear and nonlinear models. In empirical study, we compare the forecasting performance of 4 exchange rates models(AR, GARCH, AR+GARCH, Bilinear model) and combination of these forecasts for dairly Won/Dollar exchange rates returns. The combination method is selected by the estimated individual forecast errors using Monte Carlo simulations. And this study shows that the combined forecasts using unrestricted least squares method is performed substantially better than any other combined forecasts or individual forecasts.

• 대한기계학회논문집B
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• 제28권12호
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• pp.1494-1500
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• 2004

A zero-dimensional direct simulation Monte Carlo(DSMC) model is developed for simulating diatomic gas including vibrational kinetics. The method is applied to the simulation of two systems: vibrational relaxation of a simple harmonic oscillator and translational-rotational-vibrational energy exchange process under heating and cooling. In the present DSMC method, the variable hard sphere molecular model and no time counter technique are used to simulate the molecular collision kinetics. For simulation of diatomic gas flows, the Borgnakke-Larsen phenomenological model is adopted to redistribute the translational and internal energies.

• 대한핵의학회지
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• 제7권1호
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• pp.51-54
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• 1973

The use of ion-exchange resins for the treatment of radioactive wastes has many advantages, but thes eare rather expensive as compared with the Korean vermiculite. The Korean vermiculite has slightly different chemical constituents from the ones produced in other countries, and its physical properties might be applicable to the management of radioactive waste, in a small nuclear installation. The decontaminating effect of Korean vermiculite for the low-level radioactive liquid was investigated. $^{106}Ru,\;^{90}Sr,\;and\;^{137}Cs$ were utilized for the experiments. The removal rates by Korean vermiculite were calculated for $^{106}Ru,\;^{90}Sr\;and\;^{137}Cs$ and the removal rates increased as the weight of vermiculite in the exchange column increased. The decontaminating constants, $K_d$ of the Korean vermiculite for $^{106}Ru,\;^{90}Sr\;and\;^{137}Cs$ were 2.7, 69.3 and 263ml/g respectively. Through the results of experiments, the application of Korean vermiculite column to the treatment of low-level radioactive waste is quite feasible.

• East Asian Economic Review
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• 제18권2호
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• pp.143-161
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• 2014

This paper examines the effects of global liquidity expansion on advanced and emerging economies by using panel VAR methodology. The results show that global liquidity expansion tends to boost economy by increasing GDP growth and stock prices. However, we find that the effects are asymmetric. The effects of global liquidity on GDP and stock prices are greater and more persistent in emerging economies than in liquidity recipient advanced economies. Moreover, global liquidity appreciates emerging economies' exchange rates more persistently than those of advanced economies. Lastly, while global liquidity expansion increases foreign portfolio investment inflows to Asian countries and liquidity recipient advanced economies, there is no evidence for Latin American countries.

• East Asian Economic Review
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• 제20권4호
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• pp.493-517
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• 2016

This paper examines the persistent properties of 12 sectoral relative prices between Korea and Japan obtained following the Classification of Individual Consumption according to Purpose (COICOP) over the period of 1985-2016. Applying a new econometric method developed by Pesaran which controls for the cross-section dependence in a panel, we are not able to reject the hypothesis that the sectoral real exchange rates contain a common stochastic trend. On the other hand, the well-known panel unit root tests such as the IPS and LLC tests widely used by previous studies strongly reject the unit root hypothesis. Since the error term of the regression for our panel exhibits significant cross-section dependence, these opposite results justify that the use of the new econometric method is appropriate.

• Bulletin of the Korean Chemical Society
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• 제13권5호
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• pp.517-520
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• 1992

Solvent exchange rates of selected protons were measured by NMR saturation recovery method for yeast $tRNA^{Phe}$, at temperature from 25 to $40^{\circ}C$, in the presence of 0.1 M NaCl and various low levels of added magnesium ion. The exchange rates in zero $Mg^{2+}$ concentration indicate early melting of acceptor stem, D stem, and tertiary structure. Addition of magnesium ion stabilizes the entire D stem more effectively than any other secondary or tertiary interactions.

• 지능정보연구
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• 제3권1호
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• pp.47-68
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• 1997

This paper discusses a method of modified Elman network(1990) for nonlinear predictions and its a, pp.ication to forecasting daily exchange rate returns. The method consists of two stages that take advantages of both time domain filter and modified feedback networks. The first stage straightforwardly employs the filtering technique to remove extreme noise. In the second stage neural networks are designed to take the feedback from both hidden-layer units and the deviation of outputs from target values during learning. This combined feedback can be exploited to transfer unconsidered information on errors into the network system and, consequently, would improve predictions. The method a, pp.ars to dominate linear ARMA models and standard dynamic neural networks in one-step-ahead forecasting exchange rate returns.

• 수산경영론집
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• 제26권2호
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• pp.75-92
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• 1995

This paper tried to estimate the pass - through of exchange rate changes to export price of fishery products using export price function. The results are as follows : 1) The variable of fluctuation of exchange rate of Won(equation omitted) to Yen(equation omitted)(variable E2) is more powerful explanatory variable than that of Won to U.S. dollar to explain the fluctiation of export price of fishery products(varible $P_{t}$)- 2) The variable of fish catches(variable K $P_{t}$) is also found to be a statistically significant varible but that of producer price index is not found. 3) The variable E2 have statistically a more influence on variable $P_{t}$ than variable K $P_{t.}$ 4) The estimation shows us that 1% of fluctuation of variable E2 could result in 0.9978% of fluctuation of variable $P_{t.}$

• The Journal of Asian Finance, Economics and Business
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• 제1권1호
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• pp.15-21
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• 2014

This study investigates extensively the integration of various segments of financial markets (i.e. money market, lending and deposit market, exchange rate market, and capital market) both domestically and internationally. Cointegration approach is employed in the study to find out long term relationship among the variables. Data are on a monthly interval for the period spreads over 2001 to 2010. The results show no evidence of cointegration between money market and exchange rate market and between capital market and exchange rate market of Pakistan. On the other hand, international financial markets integration is also investigated and the findings revealed that domestic money market rates of Pakistan and USA are not cointegrated. Whereas, an evidence of cointegration between capital markets of Pakistan and USA is found in this study.

• East Asian Economic Review
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• 제24권2호
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• pp.165-184
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• 2020

Applying Ismailov and Rossi (2018), I newly construct the Korea FX uncertainty based on the density distribution of historical forecast errors. This uncertainty index properly captures the rare but significant events in the Korean currency market and provides information distinct from other uncertainty measures in recent studies. I show that 1) FX uncertainty arising from unexpected depreciation has a stronger impact on Korea-U.S. exchange rates and that 2) macro variables, such as capital flows or interest rate differentials, have predictive ability regarding Korea FX uncertainty for short horizons. These findings enable us to predict the events of sudden currency crashes and understand the Korea-U.S. exchange rate dynamics.