This paper examines the short-run and long-run relation between volatility in the real effective exchange rate and stock returns in the Republic of Korea. A trivariate vector autoregressive model is…
January 17, 2017
China’s growing military capabilities are an increasing source of consternation for Japan. Areas of concern include China’s activities in the East China Sea, Beijing’s increasing defense budget, and lack of…
October 7, 2016
What equilibrium means to geopolitical balance of power maneuvering, equality means to national identity resentments over gaps perceived as unjust. When South Korea gained favor as the “linchpin” of U.S.…
October 6, 2016
It is tempting to see in developments in contemporary Japanese politics indications of a fundamental shift in Japanese national identity. Resist that temptation. There are changes afoot in Tokyo, but…