• Journal of the Korean Data Analysis Society
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• v.20 no.6
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• pp.2771-2779
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• 2018

The recent financial crises cause the co-movement and transmit the risk across different markets and assets. It is well known that market fear affects the quality of credit in the financial markets. In this context, this study examines the co-movement between the volatility index (VIX) of the Chicago Board Options Exchange (CBOE), or VIX, and six emerging countries' credit default swaps (CDSs), by implementing wavelet coherence. Our research aims at revealing whether the VIX can be used to hedge against the bubble behavior of the CDS market in different investment holding periods (short-run, medium-run, and long-run), as well as whether either market can be used to manage and hedge overall market downside risks. The wavelet coherence results show a high degree of co-movement between the VIX and CDS during the 2007-2009 global financial crisis, across the 16-64 weeks' frequency band. In addition, we observe that the positive correlation between the VIX and the CDS markets, implying that the market turmoil intensifies the co-movement between the VIX and CDS markets.

• Fibers and Polymers
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• v.6 no.3
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• pp.244-249
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• 2005

enVix is a novel regenerated cellulosic fiber, which is prepared from cellulose diacetate fiber using environmentally friendly manufacturing process. Vat dyeing properties of the enVix were investigated and compared with those ofregular viscose rayon. The enVix exhibited better dyeability than viscose rayon. The colour yields of vat dyes on the enVix were found to be dependent on dyeing temperature as well as the amount of levelling agent and salt. Good build-up and good to excellent fastness properties were obtained on the en Vix fabric.

• Fibers and Polymers
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• v.5 no.3
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• pp.219-224
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• 2004

The reactive printing properties of regular viscose rayon and a new regenerated cellulosic fiber (en Vix^{\textregistered}$) which was prepared from cellulose acetate fiber was investigated in a comparative manner. From the results, it was found that en Vix exhibited better printing properties than regular viscose rayon. It showed stable final color yields, irrespective of the amount of thickener, hence reproducibility of printing of en Vix is expected to be excellent. In addition, urea requirements were less for the printings on en Vix than for the corresponding printing on viscose rayon. Therefore, en Vix is also expected to reduce the amount of the urea which causes environmental problems in dyehouse effluent.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.3
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• pp.127-137
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• 2021

Mainland China area has been a long-term, major trade rival and partner of Taiwan, accounting for more than 40% of Taiwan's total annual trade exports, and so Sino-US trade friction is expected to have a significant impact on Taiwan's economy in the future. This study focuses on major bad news of Sino-US trade frictions and how it generates short-term shocks for Taiwan's equity market and fear sentiment. It further explores the mutual interpretation relationship between price changes such as VIX, Taiwan's stock market index, and the VIX ETF to identify which factors have information leadership as leading indicators. The study period covers 750 trading days from 2017/1/3 to 2020/1/31. This study finds that, when a policy news is announced, the stock market index falls significantly, the change in the trading price (net value) of the VIX ETF rises significantly, and the overprice rate significantly drops, but VIX does not, showing that fear sentiment exists in the Taiwan's market. The net value of the VIX ETF shows an information advantage as a leading indicator. This study suggests that, when the world's two largest economies clash over trade, the impact on Taiwan's equity market is inevitable, and that short-term fear effects will arise.

• Fiber Technology and Industry
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• v.6 no.1_2
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• pp.17-28
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• 2002

• Journal of Korea Port Economic Association
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• v.38 no.4
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• pp.107-118
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• 2022

In this study, daily data from January 2002 to June 2022 were used to investigate the relationship between risk-return relationship and market fear, uncertainty, stock market, and maritime freight index for the crude oil market. For this study, the time varying EGARCH-M model was applied to the risk-return relationship, and the wavelet consistency model was used to analyze the relationship between market fear, uncertainty, stock market, and maritime freight index. The analysis results of this study are as follows. First, according to the results of the time-varying risk-return relationship, the crude oil market was found to be related to high returns and high risks. Second, the results of correlation and Granger causality test, it was found that there was a weak correlation between the risk-return relationship and VIX, EPU, S&P500, and BDI. In addition, it was found that there was no two-way causal relationship in the risk-return relationship with EPU and S&P500, but VIX and BDI were found to affect the risk-return relationship. Third, looking at the results of wavelet coherence, it was found that the degree of the risk-return relationship and the relationship between VIX, EPU, S&P500, and BDI was time-varying. In particular, it was found that the relationship between each other was high before and after the crisis period (financial crisis, COVID-19). And it was found to be highly associated with organs. In addition, the risk-return relationship was found to have a positive relationship with VIX and EPU, and a negative relationship with S&P500 and BDI. Therefore, market participants should be well aware of economic environmental changes when making decisions.

• Proceedings of the Korean Society of Dyers and Finishers Conference
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• 2012.03a
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• pp.105-105
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• 2012

기능성 아웃도어 제품을 제조하기 위해서 사용되어지는 멤브레인은 크게 미세다공형과 친수무공형으로 구분할 수 있다. 최근에는 소비자들이 기능성 아웃도어에 쾌적성을 요구하고 있으며, 그 측면에서 본다면 미세다공형 멤브레인이 친수무공형보다 유리하다. 기존의 미세다공형 멤브레인은 고가이며, casting이 불가능한 단점을 가지고 있다. 본 연구에서는 분자구조 및 유화제 첨가에 따른 casting이 가능한 미세다공형 폴리우레탄 멤브레인의 특성에 대하여 연구하였다. Casting용 미세다공형 폴리우레탄은 soft segment와 hard segment의 비가 1/2일 때, 그리고 사용되는 용제가 MEK 단독일 때 안정적인 반응성과 이상적인 필름의 물성을 보이는 것을 확인 하였으며, 수지에 첨가되는 분산유화제의 양이 10%이상일 때 상분리 현상이 발생하지 않음을 확인 할 수 있었다. 개발된 수지의 적용성을 평가한 결과, J-knife를 이용하여 knife over roll 방식으로 25~35$g/m^2$ (dry add on)를 도포하여 $80/120/140^{\circ}C{\times}10m/min$의 다단건조 공정으로 진행했을 때 최적의 물성을 얻을 수 있었다.

• Textile Coloration and Finishing
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• v.30 no.2
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• pp.90-97
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• 2018

Hydrophilic reactive hot-melt polyurethane adhesive(HRHA) using a hydrophilic polyol having different molecular weight and NCO index was synthesized. This HRHA was synthesized using Polyethylene glycol(PEG) as a hydrophilic polyol, Polypropylene glycol(PPG) and Polycaprolactone diol(PCL) as hydrophobic polyols, and Methylene diphenyl diisocyanate(MDI) as an isocyanate. The changes in IR spectrum, viscosity and thermal properties of HRHA with different PEG molecular weights and NCO index were investigated, and the tensile strength and elongation of the HRHA casting film and the peel strength, moisture permeability and water pressure of the HRHA coated fabric were confirmed. In this experiment, as the molecular weight of PEG and NCO index increased, the adhesive strength, tensile strength, elongation and moisture permeability was increased but viscosity and Tg was decreased.

• Proceedings of the Korean Society of Dyers and Finishers Conference
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• 2011.11a
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• pp.63-63
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• 2011

통상적으로 코팅가공시 수지의 흐름성을 개선하기 위해서 코팅수지(점도 : 50,000~60,000 Cps)의 점도를 10,000 Cps 이하로 낮추어서 작업을 진행한다. 이때 MEK(Methyl Ethyl Ketone), TOL(Toluene), DMF(Dimethyl Formamide) 등과 같은 유기용제를 사용하여 점도를 조절한다. 본 연구는 기존에 표면처리 코팅용 수지 배합시 유기용제를 사용하는 대신 물을 사용하여 점도 조절이 가능한 표면처리 코팅용 hydrophilic PU 수지를 연구하였다. Prepolymer 법으로 합성한 수지가 One-shot법으로 합성한 수지보다 water dilution 안정성이 우수하며, 친수성 polyol과 소수성 polyol의 비율이 6/4정도가 될 때 water dilution된 수지의 안전성, 투습도 등의 물성이 가장 이상적으로 발현 되는 것을 확인 할수 있었고, 50part의 물과 희석 후 5일 이후에도 상분리가 되지 않음을 확인 할 수 있었다. 개발된 수지의 적용성을 평가한 결과, J-knife를 이용하여 knife over roll 방식으로 $200{\mu}m$의 gap으로 80/120/$140^{\circ}C{\times}10m/min.$의 다단건조 공정으로 진행했을 때 최적의 물성을 얻을 수 있었다.

• Fibers and Polymers
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• v.5 no.1
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• pp.44-51
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• 2004

Three bi-functional reactive dyes such as Bis(vinylsulphone) type, Bis(monochlorotriazine) type and Bis(mononicotinotriazine) type were applied to regular viscose rayon and new regenerated cellulosic fiber ($enVix^ⓡ$) which was prepared from cellulose acetate fiber by the hydrolysis of acetyl groups, and their dyeing properties and fastness properties were compared. enVix exhibited better dyeability and fastness than regular viscose rayon and these results were also explained by the differences in the supramolecular structure of these two fibers.