It is well-known that exchange rates are difficult to forecast using observed macro-fundamental variables. This discrepancy between economic theory and empirical results is called the Meese and Rogoff puzzle. The purpose of this s..

Hyo Sang Kim 외 작성일 2022.09.30 조회수 4,923

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Since the 2008 global financial crisis, inequality has been increasing worldwide. In particular, wealth (asset) inequality is getting worse than income inequality. And Korea is no exception. This deepening of inequality is more wo..

Young Sik Jeong 외 작성일 2022.07.01 조회수 4,704

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The current account surplus of Korea mainly comes from its export-driven trade surplus. The current account surplus can be interpreted as foreign savings for future consumption, which is ultimately accumulated in a net foreign ass..

Hyo Sang Kim 외 작성일 2020.12.09 조회수 9,900

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Since the global financial crisis (GFC) in 2008, various forms of financial instability have repeatedly emerged when considering the European debt crisis, US interest rate hikes, plunge in commodity prices, and concerns about a ha..

Young Sik JEONG 외 작성일 2020.08.13 조회수 7,291

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The main objective of this article is to analyze the impact of the residents' overseas securities investments on swap rate and local exchange rates. Based on the results of empirical analysis, we suggest the policy implications fo..

Young Sik JEONG 외 작성일 2020.05.25 조회수 10,722

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This paper carry out a comparative analysis on management system of European countries and find implications for Korea. Through studying France, Austria, and Portugals case, we realized that assistance enforcement integration brin..

Deok Ryong Yoon 외 작성일 2013.12.20 조회수 5,105

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1. Introduction 2. Case Studies 3. Direct Effects and International Spillover Effects on the Macroeconomy: Dynamic Panel GMM Analysis 4. Direct Effects and International Spillover Effects on Financial Markets: Event Study Appro..

Jiyoun An 외 작성일 2013.04.05 조회수 5,209

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