Total Index: 6325 publications.
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The insatiable appetites of banks, insurance companies, pensions, endowments, and high-net-worth individuals make enormous capital possible for private equity funds. The private equity market has become an important source of funds for start-ups, firms in financial distress, and firms seeking buyout financing. Private equity is a broad term that refers…
The importance of having an efficient labor market is growing because of recent trends such as globalization, the development of information-communication technology (ICT), and the increasing need for foreign direct investment and job creation. The innovations of ICT can produce higher economic growth with less labor. Under these economic circumstances,…
Along with commercial banks, capital markets are an integral part of the financial systems in most capitalist economies, and their relative importance is constantly increasing. Countries around the world are making enormous efforts to enhance the competitiveness of their capital markets and investment services industries. Korea is no exception to…
Central banks have two responsibilities: (1) stabilize the value of the currency and (2) maintain public confidence in deposit money by limiting systemic risk. The first responsibility is primary, ongoing, and the exclusive responsibility of the central bank. Price stability allows market participants to anchor price expectations, and it minimizes…
Although Korea has seen its economic growth rates come down from the stratospheric heights of previous decades, it remains, by any advanced-country yardstick, a successful economic performer. Korea’s real GDP rose by 5 percent in 2006, with inflation well-contained at about 2 percent for the year. Only a mild slowdown…