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STRATEGY FOR A REGIONAL EXCHANGE RATE ARRAGEMENT IN EAST ASIA: ANALYSIS, REVIEW, AND PROPOSAL
Masahiro Kawai,Shinji Takagi 연세대학교 동서문제연구원 2005 Global economic review Vol.34 No.1
This paper discusses major conceptual and empirical issues relevant to the exchange rate policies of East Asian economies. Given the high degree of economic integration, intra-regional exchange rate stability remains an important objective in East Asia. But the current uncoordinated practice of each economy managing exchange rates or maintaining a de facto dollar peg is not optimal for this purpose. The paper suggests that the regions governments take a coordinated action to shift the target of nominal exchange rate stabilization from the US dollar alone to a common basket of the US dollar, the Japanese yen, and the euro, which would be more reflective of the average structure of foreign trade and direct investment. At least initially, each economy is free to choose its own formal exchange rate arrangement, be it a fixed exchange rate regime, a crawling peg or a managed float with wide margins, as long as it chooses the common basket as the reference. Such an arrangement is a pragmatic policy option for East Asia until greater political and institutional developments create an environment conducive to a more robust framework of monetary and exchange rate policy coordination.
Open Lead Detection Based on Logical Change Caused by AC Voltage Signal Stimulus
Akira Ono,Masahiro Ichimiya,Hiroyuki Yotsuyanagi,Masao Takagi,Masaki Hashizume 대한전자공학회 2008 ITC-CSCC :International Technical Conference on Ci Vol.2008 No.7
In this paper, we propose a new test method for detecting an open lead which occurs when an IC is mounted on a printed circuit board. In the method, an open lead is detected by observing output logical change of an open lead detector. Since the test method is a vectorless test one, test generation and test input application are not needed. Testability of the test method is examined by some experiments. The results show that open leads of SSIs and LSIs will be detected by the method.