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II. 2. The progress of Yen carry trade
Since 1990s, Japanese government and central bank started lowering interest rate policies so that Yen carry trade has begun.
1) After Kobe Earthquake in 1995, the Bank of Japan lowers the interest rate at 1%. In 1997, as financial crisis in East-Asia was broadening, Yen carry assets were paid off. In addition, The sharp increase in
bubble burst. Yen carry assets were paid off again.
3) Japan continued to retain the zero interest rate and the U.S. rose the interest rate so that Yen carry trade began. Due to the subprime mortgage crisis, Yen carry assets were paid off.
The IMF Staff’s paper analyzes the relation between yen carry trade and subprime as below. “This figure is the scatter chart of monthly change in n
2) Managing external debt using sustainability indicators
External debt management involves balancing resource mobilization and deployment as well as orderly repayment of future obligations. For sustainable debt management, policy makers need to project accurate debt dynamics that are sensitive to the way the current account deficits are being financed. If borrowed resources are not used produ
2. 1번에서 구한 속도장으로 Mean recirculation region(Wake bubble)의 길이를 구하라. (Grid보다 작은 값은 Interpolation을 해야 함.) 그리고 이 값의 의미를 설명하라.
2.1 Wake bubble의 의미
유체가 실린더 표면을 흐를 때 압력차이의 효과가 shear stress에 의한 효과보다 비교적 크게 작용하기 때문에, 실린더 전방부에