Working Papers
Publications
Working Papers
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1993 World Economic Environment: An Outlook
Co-authors Date 1992.12.30
economic development, economic outlook -
Economic Cooperation between Korea and Eastern European Countries
Jung-Jae Chung Date 1992.12.30
economic reform, economic cooperation -
Korea's Recent Foreign Exchange Rate System
The initial goal of the paper was to evaluate the working of the MAR system which was adopted in Korea in March 1990. However, since the system is only two years and several months old, no credible macroeconomic empirical test cou..
Jin Chun Kim Date 1992.12.30
exchange rateDownloadContentSummaryThe initial goal of the paper was to evaluate the working of the MAR system which was adopted in Korea in March 1990. However, since the system is only two years and several months old, no credible macroeconomic empirical test could be accomplished due to the lack of data. It was also necessary to review the history of Korea's foreign exchange rate system in order to shed light on the background and rationale of the MAR system. Therefore, instead of only investigating the functioning of the MAR system, this paper reviewed the whole history of the foreign exchange rate system and evaluated the MCBP system which was adopted for the period of March 1980 through February 1990. This system is important in understanding the MAR system since it was the first effort made in Korea in the direction of a market-oriented foreign exchange rate system. This paper also reviewed Taiwan's central exchange rate system since it was the system that Korea followed in the name of the MAR system.< -
Current Economic Situation in the Slovenian Republic
Sang-Min Cha Date 1992.12.26
economic development -
Framework and Modalities of Sino-Korean Economic Cooperation in Changed International Settings
Ick-Soo Kim Date 1992.12.26
economic cooperation -
Changes in China's Foreign Direct Investment Inducement Policy and Korea's Countermeasures
Pyeung-Seob Yang et al. Date 1992.12.20
foreign direct investment, overseas direct investment -
Conditions and Prospects of Economic Cooperation in Northeast Asia
This paper predicts that with political and military conflict settled and barriers to trade and investment lowered, trade with Northeast Asia nations will increase. The linear free trade area theory used in this paper illustrates ..
Co-authors Date 1992.12.01
economic cooperationDownloadContentSummaryThis paper predicts that with political and military conflict settled and barriers to trade and investment lowered, trade with Northeast Asia nations will increase. The linear free trade area theory used in this paper illustrates conditions and prospects of economic cooperation in Northeast Asia.<
The liberalization of transactions of production factors and intermediates facilitated by a free trade area would contribute to the development of industry and resources for developing nations, accelerate the high growth of industry and secure resources procurement and markets for capital goods from developed economies. -
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Prospects for Japan's Industrial and Trade Structure
Recently, Japan has promoted its import policy with Korea to lower the surplus of international payments and settle severe foreign trade disputes. Therefore, industrial imports are rising sharply, accounting for $1.061 trillion, m..
Chang Nam Kim Date 1992.10.30
trade structure, industrial structureDownloadContentSummaryRecently, Japan has promoted its import policy with Korea to lower the surplus of international payments and settle severe foreign trade disputes. Therefore, industrial imports are rising sharply, accounting for $1.061 trillion, more than 50 percent of total number of import. This report reveals that according to the report released by the department of Japanese trade, the substantial proportion of product imports has a great influence on adverse imports from Japanese field companies through overseas direct investment, accounting for $429 billion, 95 percent, in 1986 to 1990.<
Accordingly, Japan still maintains the current structure of import-led primary products to export-led manufactures. In other words, Japanese development has been fueled by trade with foreign companies rather than progressing overseas Japanese corporations. -
Studies on the Introduction of Futures Trading: Commodity Choice, Contract Design, and Organization
Future trading is an engagement that trades specific items on a specific date and at a specific price. The exchange volume has consistently been on the rise with the option market. Currently about 70 future markets are established..
Co-authors Date 1992.10.29
DownloadContentSummaryFuture trading is an engagement that trades specific items on a specific date and at a specific price. The exchange volume has consistently been on the rise with the option market. Currently about 70 future markets are established in 26 economies, including the United States, England and Japan, and is trading about 100 products. Singapore and Hong Kong, competitors for Korea, have already established futures exchange trading in interest futures, gold futures and stock-related futures. Taiwan also is scheduled to establish a futures market.<
Recently, there have been movements among the government, academia and business to establish a domestic future exchange in Korea. As it is more difficult for the Korea government to intervene in markets to stabilize prices, there is an urgent need to come up with a framework helping private groups to prepare for the risk of price fluctuation.
공공저작물 자유이용허락 표시기준 (공공누리, KOGL) 제4유형
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