scholarly journals MACROECONOMIC PERSPECTIVE ON CONSTRUCTING FINANCIAL VULNERABILITY INDICATOR IN CHINA

2020 ◽  
Vol 0 (0) ◽  
pp. 1-16
Author(s):  
Tai-Hock Kuek ◽  
Chin-Hong Puah ◽  
M. Affendy Arip ◽  
Muzafar Shah Habibullah

This paper attempts to develop a financial vulnerability indicator for China as a barometer for the state of financial vulnerability in the Chinese financial market, possibly for real-time application. Twelve variables from different sectors are utilised to extract a common vulnerability component using a dynamic approximate factor model. Through the implementation of a Markovswitching Bayesian vector autoregression (MSBVAR) model, the empirical results indicate that a high-vulnerability episode is associated with substantially lower economic activity, but a low-vulnerability episode does not incur substantial changes in economic activity. Notably, the constructed indicator can serve as a real-time early warning system to signify vulnerabilities in the Chinese financial market.

2020 ◽  
Vol 9 (s1) ◽  
pp. 55-73
Author(s):  
Tai-Hock Kuek ◽  
Chin-Hong Puah ◽  
M. Affendy Arip

AbstractThis study attempts to develop a financial vulnerability indicator serving as a composite indicator for the state of financial vulnerability. The indicator was constructed from 10 variables of macroeconomic, financial and property market by extracting a common vulnerability component through the dynamic approximate factor model. On the feedback and amplification effects, the outcome revealed that financial vulnerability shock catalysed significant negative effects on economic activity in a high-vulnerability regime, while the impact was negligible in periods of low vulnerability. This study highlighted the usefulness of composite indicators as an early warning mechanism to gauge vulnerabilities in the Malaysian financial system.


2012 ◽  
Vol 446-449 ◽  
pp. 3422-3427
Author(s):  
Wang Sheng Liu ◽  
Ming Zhao

Today there is an urgent need for effective monitoring whether for old buildings or new ones. While conventional early warning system for real-time monitoring is based on safety factor, this paper proposes a new reliability-based framework to monitor the safety of RC buildings probabilistically. The framework includes modeling resistance, predicting probability distribution of load effect, calculating reliability and setting reliability index threshold. The in-situ test data enables to update the resistance model through a Bayesian process. Meanwhile, the observed monitoring data predicts the probability distribution of load effect. FORM is used to calculate the reliability because the limit state function for real-time monitoring is linear and simple. This study shows that the reliability-based early warning system is of more scientific sense in quantifying the safety and may be applied to many engineering fields.


2018 ◽  
Vol 14 (01) ◽  
pp. 66
Author(s):  
Gan Bo ◽  
Jin Shan

In order to solve the shortcomings of the landslide monitoring technology method, a set of landslides monitoring and early warning system is designed. It can achieve real-time sensor data acquisition, remote transmission and query display. In addition, aiming at the harsh environment of landslide monitoring and the performance requirements of the monitoring system, an improved minimum hop routing protocol is proposed. It can reduce network energy consumption, enhance network robustness, and improve node layout and networking flexibility. In order to realize the remote transmission of data, GPRS wireless communication is used to transmit monitoring data. Combined with remote monitoring center, real-time data display, query, preservation and landslide warning and prediction are realized. The results show that the sensor data acquisition system is accurate, the system is stable, and the node network is flexible. Therefore, the monitoring system has a good use value.


2010 ◽  
Vol 10 (2) ◽  
pp. 181-189 ◽  
Author(s):  
C. Falck ◽  
M. Ramatschi ◽  
C. Subarya ◽  
M. Bartsch ◽  
A. Merx ◽  
...  

Abstract. GPS (Global Positioning System) technology is widely used for positioning applications. Many of them have high requirements with respect to precision, reliability or fast product delivery, but usually not all at the same time as it is the case for early warning applications. The tasks for the GPS-based components within the GITEWS project (German Indonesian Tsunami Early Warning System, Rudloff et al., 2009) are to support the determination of sea levels (measured onshore and offshore) and to detect co-seismic land mass displacements with the lowest possible latency (design goal: first reliable results after 5 min). The completed system was designed to fulfil these tasks in near real-time, rather than for scientific research requirements. The obtained data products (movements of GPS antennas) are supporting the warning process in different ways. The measurements from GPS instruments on buoys allow the earliest possible detection or confirmation of tsunami waves on the ocean. Onshore GPS measurements are made collocated with tide gauges or seismological stations and give information about co-seismic land mass movements as recorded, e.g., during the great Sumatra-Andaman earthquake of 2004 (Subarya et al., 2006). This information is important to separate tsunami-caused sea height movements from apparent sea height changes at tide gauge locations (sensor station movement) and also as additional information about earthquakes' mechanisms, as this is an essential information to predict a tsunami (Sobolev et al., 2007). This article gives an end-to-end overview of the GITEWS GPS-component system, from the GPS sensors (GPS receiver with GPS antenna and auxiliary systems, either onshore or offshore) to the early warning centre displays. We describe how the GPS sensors have been installed, how they are operated and the methods used to collect, transfer and process the GPS data in near real-time. This includes the sensor system design, the communication system layout with real-time data streaming, the data processing strategy and the final products of the GPS-based early warning system components.


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