Policy Analyses
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Policy Analyses
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The Illusive Quest for an Asian Common Currency: Economic Mirage or Realpolitik?
The Asian Financial crisis underscored the folly of running fixed exchange rates, with an independent monetary policy, open capital accounts and volatile capital flows. Interest in an Asian Common Currency is growing, but the need..
James H. Chan-Lee Date 2005.12.30
Financial integrationDownloadContentExecutive Summary
I. Introduction
II. Post-Crisis Asia in Perspective
1. Systemic risk has been controlled
2. How relevant is the Euro to Asia
III. The Political Economy of a Common Currency
1. The Fund does not have the resources to help Asia in a crisis
2. The Economic case for an ACC
IV. Framing an Interim Strategy
1. Pragmatic first steps
2. Risk based sequencing
V. Summary and Conclusions
References
SummaryThe Asian Financial crisis underscored the folly of running fixed exchange rates, with an independent monetary policy, open capital accounts and volatile capital flows. Interest in an Asian Common Currency is growing, but the needed political commitment, institutions and market-based financial systems are absent. This paper benchmarks the quality of institutions and financial systems to assess the enigmatic roles of the Renminbi and Yen. A prioritized policy-matrix focused on building institutions and robust banking systems are outlined. Accelerated trade liberalization, economic co-operation and political integration are crucial before a joint float or a common currency can be envisaged realistically. -
The Development of Three Chiness Northeast Provinces and New Conceive of Sino-Korea Economic Cooperation
The fourth generation of Chinese leadership - since coming to the power in March 2003-has clearly stated that they have been interested in the transform-adjustment and development of the three Chinese northeastern provinces - tryi..
Reu Ming Date 2005.12.30
Economic development, Industrial structureDownloadContentSummaryThe fourth generation of Chinese leadership - since coming to the power in March 2003-has clearly stated that they have been interested in the transform-adjustment and development of the three Chinese northeastern provinces - trying to become them into the fourth growing point of economic increasing. On hearing this news, not only the people of Chinese northeastern provinces feel delighted, but also the South Korean people, who are neighbour of Chinese northeastern provinces, think it is a good opportunity and challenge. (The rest is omitted.) -
An East Asian Single Market? Lessons from the European Union
Regional economic integration has been one of the most significant developments in the global political economy in the last twenty years. However, East Asia is an exception where institutionalized economic integration has progres..
Simon Hix et al. Date 2005.12.30
Economic integrationDownloadContentExecutive Summary
I. Introduction
II. How to Construct a Suprantional Single Market
1. Two Methods: Harmonization and Mutual Recognition
2. The Result: A Mix of Deregulation and Reregulation
3. The Normative Theory of Regulation: Delegation to Independent Regulators
4. The Positive Theory of Regulation: Institutional Design to Limit Policy
Drift
III. The European Union Model
1. Why a Single Market in the 1980s?
2. Institutional Design: Credible, Efficient, and Legitimate
3. Functioning of the EU Institutions
IV. A Possible East Asian Single Market
1. Basic Assumptions: Preference Convergence, Democracy, and Trade Interation
2. Possible Members and Some Justifications
3. Institutional Design of an East Asian Single Market Organization
4. Against 'ASEAN Principles?'
V. Conclusion
ReferencesSummaryRegional economic integration has been one of the most significant developments in the global political economy in the last twenty years. However, East Asia is an exception where institutionalized economic integration has progressed slowly. (The rest is omitted.) -
A Metaanalysis on Northeast Asian Economic Integration
This book is composed of five economic papers that address both methodological and analytical issues in measuring the effects of economic integration in Northeast Asia. First, we identify the stylized features of economic integrat..
Byeong-Hae Sohn et al. Date 2005.12.30
Economic integration, Overseas direct investmentDownloadContent1. Conditions for Creating the Northeast Asian Economic Community
2. The Development of Intra-industry among Korea, Japan and China and
Northeast Asian economic Integration
3. Trade Structure among Korea, Japan and China and implications for the
effects of trilateral FTAs
4. Industrial Interdependence and Northeast Asian Economic Integration: with a
special emphasis on FDI
5. Northeast Asian Cultural Cooperation: implications from the experience of EU
SummaryThis book is composed of five economic papers that address both methodological and analytical issues in measuring the effects of economic integration in Northeast Asia. First, we identify the stylized features of economic integration. Second, we apply them to different models for regional integration in Northeast Asia in order to explore the methodological robustness of those models and discuss the effects of economic regional integration. (The rest is omitted.) -
Strategies for promoting exports of companies in Gaeseong Industrial Complex
The Gaeseong Industrial Complex project commenced on August 22, 2000 when Hyundai Asan and the North's Asia-Pacific Committee and the National Economic Cooperation Federation signed an agreement on the development. The two Koreas ..
Myung-Chul Cho et al. Date 2005.12.30
North Korean economyDownloadContentSummaryThe Gaeseong Industrial Complex project commenced on August 22, 2000 when Hyundai Asan and the North's Asia-Pacific Committee and the National Economic Cooperation Federation signed an agreement on the development. The two Koreas have adopted agreements on customs, communications and quarantine relevant to the Gaeseong Industrial Complex. (The rest is omitted.) -
Japan's IPR Strategy and its Policy Implication
Japanese government has been trying to reform its Intellectual Property Rights System since the early 1990's. In particular, prime minister Koizumi started IPR reform right after he had taken office in 2001. Now Japan's IPR system..
Sung-Chun Jung Date 2005.12.30
Economic cooperationDownloadContentSummaryJapanese government has been trying to reform its Intellectual Property Rights System since the early 1990's. In particular, prime minister Koizumi started IPR reform right after he had taken office in 2001. Now Japan's IPR system has been changed from its old form and is expected to improve the efficiency of public R&D investment to contribute to enhancing Japan's economic competitiveness.On the contrary, our country's IPR system has a lot of systematic challenges and problems. (The rest is omitted.) -
A Study on Economic Aids toward North Korea after resolving Nuclear Crisis
As increasing a possibility of peaceful and diplomatic settlement of the North Korean nuclear project through the recent round of six-party talks, it has been raised a discussion about economic aid programs toward North Korea afte..
Myung-Chul Cho et al. Date 2005.12.30
Economic cooperation, North Korean economyDownloadContentSummaryAs increasing a possibility of peaceful and diplomatic settlement of the North Korean nuclear project through the recent round of six-party talks, it has been raised a discussion about economic aid programs toward North Korea after resolving nuke crisis. Under the premise that the nuclear crisis is peacefully resolved, various economic aid and cooperation projects could be conducted with international assistance, helping North Korea's economy rehabilitation and economic transition in the long run. (The rest is omitted.) -
Globalization and Market Liberalization Policies: Appraisal and Challenges
The series of papers in this book aim to take an objective view of the criticisms of globalization and policies of market liberalization, correct any myths associated with them, and shed light on the implications of globalization ..
Jai-Won Ryou et al. Date 2005.12.30
Financial liberalization, Free tradeDownloadContentSummaryThe series of papers in this book aim to take an objective view of the criticisms of globalization and policies of market liberalization, correct any myths associated with them, and shed light on the implications of globalization on the Korean economy. As a representative movement against anti-globalization, the post- Washington consensus emphasizes the role of government in responding to market failure. (The rest is omitted.) -
A Study on Anti-Money Laundering Measures for Professionals and Non-Financial Businesses in Korea
The FATF's Forty Recommendations, which have been endorsed by more than 130 countries, are widely accepted as the leading international anti-money laundering standards. The Recommendations recognize that certain types of non-finan..
Hyungdo Ahn et al. Date 2005.12.30
Financial policyDownloadContentSummaryThe FATF's Forty Recommendations, which have been endorsed by more than 130 countries, are widely accepted as the leading international anti-money laundering standards. The Recommendations recognize that certain types of non-financial businesses and professionals are vulnerable to money laundering, and ask countries to consider applying the Recommendations to the financial activities of non-financial businesses and professionals. FATF Typologies reports have regularly referred to the increasing role played by non-financial businesses and professionals in money laundering schemes in recent years. After introducing anti-money laundering laws in 2001, Korea have has taken steps to extend the reach and breadthwidth of anti-money laundering legislation and systems to increase its their effectiveness. Korea will introduce a Currency Transactions Report and enhance Customer Due Diligence for higher risk categories beginning Jan 1, 2006. (The rest is omitted.) -
An Analysis of the Economic Effects of Japan's Economic Sanctions Against North Korea
Discussions concerning the imposition of economic sanctions against the Democratic People's Republic of Korea (hereafter referred to as "North Korea") began after the Prime Minister Koizumi's first visit to Pyongyang on September ..
MIMURA Mitsuhiro Date 2005.12.30
North Korean economyDownloadContentSummaryDiscussions concerning the imposition of economic sanctions against the Democratic People's Republic of Korea (hereafter referred to as "North Korea") began after the Prime Minister Koizumi's first visit to Pyongyang on September 22, 2002. Chairman Kim Jong-Ilacknowledged that Japanese citizens had been abducted to North Korea and offered his apologies, stating that it was the work of persons affiliated with North Korea in the past. This turned what had previously been merely "suspected abductions" into real cases of abduction. (The rest is omitted.)
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