Results 1-6 of 6
Time to Rethink Monetary Policy in Emerging Economies: Touching the tip of an iceberg
(Korea Institute for International Economic Policy, 2016-03-08)
The global economy appears to be trapped in a low growth state due to structural impediments that have accumulated over the last two decades. Since the global financial crisis, expansionary macroeconomic policies have provided only temporary relieve ...
Macro-prudential Response to Increased Global Market Volatility
(Korea Institute for International Economic Policy, 2016-03-14)
The volatility of price indicators has remained extremely stable during the period of low interest rates since the Global Financial Crisis (GFC) of September 2009. Low volatility pushes down risk premium, which can cause an upturn in global investors’ ...
Regulatory Reform in Japan
(Korea Institute for International Economic Policy, 2016-06-16)
Japanese governments have been actively engaged in regulatory reform since the Koizumi Cabinet in the early 2000s. They held a common expectation that the regulatory reform, as a key element of structural reform, would enhance the corporate sector’s ...
Implication of Financial Reforms in China and Vietnam for North Korea
(Korea Institute for International Economic Policy, 2016-05-17)
North Korea’s financial system is based upon a mono-banking system, centered on the Central Bank of the DPRK. The Central Bank of the DPRK serves diverse functions - aside from financial activities, it also acts simultaneously as a central bank and a ...
Korea’s Recent Export to Vietnam and Implications
(Korea Institute for International Economic Policy, 2016-02-05)
In 2015, while Korea’s total exports were sluggish mainly due to weak global demand, its exports to Vietnam have increased rapidly, and Vietnam emerged as Korea’s top 3rd export destination. During the first 10 months of 2015, the total export of Korea ...
Russia’s Economic Modernization Policy and Implications for Cooperation between Korea and Russia
(Korea Institute for International Economic Policy, 2016-01-22)
Russia’s economic growth model, which backed high economic growth until the mid-2000s, was reaching its limit. Thus, securing a new engine of growth has come to the forefront of Russia’s economic policy agenda. Against this backdrop, then-president ...