Asia

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…

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,…

In the unfolding process of the Korean financial crisis in 1997, an inefficient corporate bankruptcy system played a damaging role in the Korean economy. Before the crisis, in 1996 and…

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…

For understandable reasons, the international community has been focused on North Korea's nuclear program, concerned that Pyongyang could have a weapon capable of such massive destruction. But should they also…

Last week, we looked at the details of the new US and UN sanctions against North Korea, delving into the new measures to get at Pyongyang's funding. But will they…

On February 18, President Barack Obama signed into law a new round of sanctions designed to further squeeze the North Korean regime. On March 3, the United Nations Security Council…

Human rights in North Korea remains a divisive issue between the international community and North Korea. In 2013, the United Nations Human Rights Council established Commission of Inquiry on Human…

This is the first in a 2 part series looking at the North Korea Sanctions Enforcement Act of 2014 (H.R. 1771). Second piece in the series is available here. By Bruce Klingner Former Assistant Secretary of State Kurt Campbell recently observed that North Korea was not the most heavily sanctioned country in the world as…

By Nicholas Hamisevicz Recently, there was a big setback in Korea-India relations. The deal that was made back in 2011 for India to purchase eight minesweepers from South Korea is currently on hold and may soon be scuttled. It was announced that India’s Ministry of Defense launched an inquiry into the claim that the Kangnam…

By Nicholas Hamisevicz For a month often associated with summer doldrums, a lot of things were happening on the Korean peninsula in August 2014. Events such as Pope Francis’s visit to South Korea, the joint U.S.-South Korea military exercises, a clash between the two Koreas in the West Sea, negotiations over the North Korean cheerleaders…

By Joseph Dahl Two pieces of Congressional legislation, while still in their nascent stages, have the potential to reshape U.S. policy on North Korea. A bill known as H.R. 1771, or the North Korean Sanctions Enforcement Act of 2014, recently passed the House, and a bill specifically addressing North Korea’s human rights was introduced by…