A Factor-Augmented Vector Autoregression Analysis of Business Cycle Synchronization in East Asia and Implications for a Regional Currency Union

Debate continues over whether a monetary or currency union will be a viable alternative to the current exchange arrangements in East Asia. This paper adds to the literature by assessing the level of business cycle synchronization among 10 major East Asian economies which is considered a key precondition for a regional currency union. Unlike previous studies, this paper employs a factor-augmented vector autoregression model that characterizes a large set of 62 foreign and domestic variables simultaneously. Five common shocks are identified, and we examine how and to what extent these shocks affect each economy in the region. Empirical results indicate that the majority of East Asian economies exhibit similar responses to world and regional shocks. Of particular importance is the finding that individual gross domestic products (GDPs) are well synchronized in response to the two major determinants of world and regional GDP shocks. Overall, the evidence presents positively for consideration of a regional currency union in East Asia. Some suggestions are offered concerning steps to build a foundation towards the establishment of an East Asian currency union

Hydroxyapatite Humidifier Vibrator Housing Fabrication and Characteristics

The humidifier vibrator housing is difficult to clean and prone to contamination due to its metallic material. To overcome these shortcomings, the humidifier vibrator housing was manufactured using Hydroxyapatite as a raw material. Although hydroxyapatite has excellent antibacterial properties and biocompatibility, it is difficult to manufacture a sintered body due to its weak fracture toughness. Therefore, hydroxyapatite sintered compacts were prepared according to the amount of plasticizer added and their physical properties were compared. The average compressive strength was 395.1 N·mm-2 at 8 % of the amount of added plasticizer, and the average bending strength was 61.8 N·mm-2 at 6 % of the amount of added plasticizer. The hydroxyapatite sintered compact showed the effect of inhibiting the production of bacteria regardless of the amount of plasticizer added. As a result of this physical property study, it was possible to develop a humidifier vibrator housing with excellent antibacterial properties and maintaining mechanical strength

Frequency-Based Decentralized Conservation Voltage Reduction Incorporated Into Voltage-Current Droop Control for an Inverter-Based Islanded Microgrid

Conservation voltage reduction (CVR) aims to decrease load demands by regulating bus voltages at a low level. This paper proposes a new strategy for decentralized CVR (DCVR), incorporated into the current-based droop control of inverter-interfaced distributed energy resources (IDERs), to improve the operational reliability of an islanded microgrid. An $I_{dq}$ controller is developed as an outer feedback controller for each IDER, consisting of $I_{d}$ $V$ controllers for the DCVR and $I_{d}$ $\omega$ and $I_{q}$ $V$ controllers for power sharing. In particular, the $I_{d}$ $V$ controllers adjust the output voltages of the IDERs in proportion to the frequency variation determined by the $I_{d}$ $\omega$ controllers. This enables the output voltages to be reduced by the same amount, without communication between the IDERs. The $I_{q}$ $V$ controllers are responsible for reactive power sharing by adjusting the voltages while taking into account the $I_{d}$ $V$ controllers. Small-signal analysis is used to verify the performance of the proposed DCVR with variation in the $I_{d}$ $\omega$ and $I_{q}$ $V$ droop gains. Case studies are also carried out to demonstrate that the DCVR effectively mitigates an increase in the load demand, improving the operational reliability, under various load conditions determined by power factors and load compositions.11Ysciescopu

Enhancement on Radon Adsorption Property of GAC using Nano-size Carbon Colloids

Granular activated carbon (GAC) is well-known as an efficient adsorbent against a number of gaseous pollutants. Radon is one of those pollutants, and radon has been classified as the second leading cause of lung cancer in USA. This study was to enhance the radon removal efficiency with applying nano-technology. Nano-size carbon colloids (NCC) was produced through electrolysis which is simple and cheap. NCC was used for impregnation with activated carbon. Surface areas of both NCC-treated and non-treated activated carbon did not show a significant difference. However, the results of radon removal efficiency show that impregnated carbon with NCC could capture about 1.3 ~ 2 times of more radon gas compared to non-treated activated carbon. It is assumed that nano-size carbon colloids might have filled up meso-pores, and meso-pores turned into micro-pores eventually. Because meso-pores initially accounted for large portion of whole pores, more radon could be captured to NCC-impregnated activated carbon. Keywords: Radon, Nano-Size Carbon Collid, Activated Carbo

New-type of Multi-purpose Standard Radon Chamber in South Korea

Radon is an inert and a radioactive gas which is colorless, tasteless and odorless. As the radon decay proceeds, and if DNA damage continues beyond repair capacity of cells in the human body, it can cause severe health problems such as lung cancer in the long-term. There is a tendency that those countries where legal restriction on radon is strict, various studies related to radon are under way. In South Korea, radon has been regulated under recommendation level. Even though there are about 3 standard radon chambers in Korea, they have not been in an active use because of lack of demand. Also, most of them are specialized in calibration of radon detectors only. Recently, Korean government started giving some attention to radon issue and supporting radon research fields. Thus, this study was carried out to develop a new type of radon chamber for multi-purpose such as 1) radon emission rate from natural and artificial radon sources; 2) calibration of radon detectors; 3) evaluation of radon mitigation efficiency. Keywords: Radon, Radon Chamber, Indoor Air Quality, Chamber Desig

Intelligent CCTV Surveillance Based on Sound Recognition and Sound Localization

CCTV is used for many purposes, especially for surveillance and fortraffic condition monitoring. This paper proposesan intelligent CCTV system that tracks sound events based on sound recognition and sound localization. From the experimental results, it is evident that the proposed method can be successfully used for the intelligent CCTV system of CCTV