In response to the 2008 global financial crisis, many of the world’s largest central banks initiated unconventional monetary policies such as quantitative easing when standard open market operations became ineffective. The Bank of Japan, the US Federal Reserve, the Bank of England and the European Community Bank were among those that aggressively increased their respective monetary bases to purchase specified financial assets from commercial banks and financial institutions in order to lower interest rates interest rates for specific debt securities and stimulate their economies. Japan, which has long suffered from years of debilitating deflationary cycles, has targeted and committed to open-ended purchases until a stable two percent rate of consumer price inflation is achieved. Several of Japan’s chief exporting rivals, in particular China, have publicly criticized the Bank of Japan for using its current monetary policy to intentionally devalue its currency and thereby benefit from an unfair trade practice. This criticism is unwarranted and Japan’s policy complies with international law.

International capital movement has made progress at global liberalization of finance and foreign exchange, international monetary norm changing into floating exchange rate system, easiness of collection of information and trade at improvement of information communication technology from early of 1970's. Results of empirical test for relation between foreign exchange rate or various determination factors of foreign exchange rate and interest rate are followed by next sentences. First, according to relation between foreign exchange rate and interest rate, correlation for each of variables after OECD entrance is increased. 'But, long-term & short-term interest rate is affected by Hanbo & Kia's bankruptcy, continuous large scale coporates bankruptcy and crisis of foreign exchange. Therefore, financial instability is occured. If portfolio investment fund has been inflow as it is mollified by continuous shortage of foreign exchange and fall of country's credit rating, it is expected to have positive effect for long-term & short-term interest rate from appreciation of won against dollar. Second, results from relation between determination factor of foreign exchange rate and interest rate are followed by next sentences. If surplus of current account and goods account is continued, yield of corporate bond is to be stable. But, margin of surplus is expected to diminish after second quarter 98, and difference between external and domestic interest (after adjusting foreign exchange rate) is to be diminished. And if net inflows of foreign investor's fund (stock and bond) is diminished, it is to have negative effect for yield of corporate bond. According to foreign investor's investment movement of previous years, hedge fund were stayed at least during two years in Mexico. It means that sudden capital outflow is not to be happened at Korea.

Korean women’s fertility rate is rapidly declining as it goes down from 4.5 in 1970 to 1.3 in 2002. The impacts of the low fertility rate are many, e.g., the decline of Korean population, the lack of industrial man powers, the numerical rise of foreign workers, the growth of older generation, and so on. Soon Korean church will be under direct impacts of the low fertility rate as well. The present paper aims to investigate (1) the growth rate of Korean Christian pop띠 ation based on the scientific national census; (2) the rapid decline of the Korean women’s fertility rate; (3) the influence of the 1997 IMF econornic crisis upon the decline of fertility rate; (4) practical suggestions for the future ministry from missiological analysis which include counseling, silver rninistry, rninistry to corning generation, rninistry to foreign workers, and encouragement for childbe뻐ng for the Christian farnilies. What Korean churches need now is to recognize the importance of the rnissionary proclaim in the Book of Genesis (9: 1): “Be fruitful and multiply, and replenish the earth." Otherwise, Korean church would have a significant difficulty to maintain the present energy and enthusiasm due to the sharp decline of the Christian pop비ation in Korea near soon.

In U.S.A., minimum wage of New Jersey in April 1, 1992 rose from $4.25 to $5.05. At this assession, there was survey by 410 numbers related back and pro minimum wage in New Jersey and eastern Pennsylvania.. At stores of New Jersey and eastern Pennsylvania, comparison of the increase of employment at constant minimum wag is with estimative effect of increase of minimum wage. Through comparison of stores of low wage and high wage above $5, employment volatility in New Jersey was studied. In U.S.A., increase of minimum wage was not caused to reduce to employment. Contrary to this, result of Korea was not consisted after timing of IMF bailout of 1997. It is because drop of revenue was caused to decrease employees of part-time and full-time job at the viewpoint of cost minimization.

This paper was developed to determine the university students' coping behavior pattern in meal management with Korean economic crisis in 1997. The data was collected from 544 university students in Ulsan areas. The coping behavior consisted of 26 items which were categorized into 4 factors; (factors were named as related to): 'decrease of intakes factor' ,: 'change to the cheaper choices factor' ,: 'increase of meals at home factor' and 'emphases on quantity sacrificing the quality factor'. Socio-economic variables affected differently the coping behavior in meal management and 4 sub factors. The amount of discretionary expenditure, the status of housing, the monthly household income and gender affected the coping behavior in meal management. The amount of discretionary expenditure and the monthly household income affected the decrease of intakes factor and the change to the cheaper choices factor. The amount of discretionary expenditure and gender affected the increase of meals at home factor and the emphases on quantity sacrificing the quality factor.

This study investigates the impact of International Monetary Fund(IMF) Age on the household behavior of food consumption and analysis the related factors(demographic variables, family life style) to find out the reasonable consumer's consciousness and food market conditions. The results are as follows. 1. General life style and food life style, considered as family life style, were classified into 7 types and 9 types respectively as family life style by factor analysis. 2. The rationality of using and disposing stage on food life has increased, the rationality of the planning stage on food life has decreased since the IMF age began. But the rationality of overall food consumption has hardly changed. 3. The amount of purchasing was decreased, discount store was favorite place to buy food, and safety and freshness were major determinants in purchasing for most of food items. But this was different with food items. The various information sources were used impartially to buy food, cash was used mainly, and the degree of using the discount ticket/coupon was a little low. 4. Income level is an influential factor on the rationality of the planning and purchasing stage on food life, while environment-oriented food life style has influenced on the rationality of using and disposing stage. The purchasing amount of grain products, meats, milk products, bread and snacks, drinks, alcoholic drinks, water and convenience goods has influenced by demographic variables, eating out had been influenced by general life styles, and fruits, healthy foods, processed foodstuffs, favorite foods, vegetables seaweeds, import foods and seafood had been mainly influenced by food life style since IMF age began.

According to the star formation rate and metal enrichment rate given by the disk-halo model of Lee and Ann (1981), the two different forms of time-dependent initial mass function (IMF) and the present day mass function (PDMF) of nearby stars have been examined. It was shown that the constraint for the initial rapid metal enrichment requires the time-dependence of IMF at the very early phase ( t ≲ 5 × 10 8 yrs) of the solar neighborhood. The computed PDMF's show that the PDMF is nearly independent of any specific functional form of IMF as long as the latter includes a Gaussian distribution of log m. This result is due to the very small fractional mass ( × 5 of stars formed at the very early period during which the IMF is time-dependent. The computed PDMF suggests the presence of more numerous low mass stars than shown in Miller and Scalo's (1979) PDMF, supporting the possibility of the existence of low-velocity M dwarfs. According to the number distribution of stars with respect to [Fe/H], the mean age of these low mass star must be very old so as to yield the mean metal abundance ¯ [ F e / H ] ≈ − 0.15 for the stars in the solar neighborhood.