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…

  With the recent retirement by Yi So-yeon, South Korea’s remaining astronaut, many have turned attention to Korea, wondering whether there is a future for its space program. According to Daniel Pinkston of the…

      Since the famine of the 1990s, North Korea has continued to face periods of chronic food shortages. However, the humanitarian needs of the people in North Korea…

    North Korea has engaged in various forms of economic reforms and marketization attempts such as establishing Special Economic Zones and obtaining Foreign Direct Investment. Yet, many of North…

    In this episode, we talk with Dr. Yiagadeesen Samy of Carleton University on income inequality in South Korea and its affect on Korea’s economy. Dr. Samy is an economist…

By Nicholas Hamisevicz Once again, a month of positive movements but also negative setbacks that keep near term inter-Korean relations uncertain. Many of the inter-Korean related activities that took place in May involved Kaesong in some way. Even with a few interactions, discouraging rhetoric still hurts the possibilities for future possibilities. Inter-Korean connections have been…

By Nicholas Hamisevicz Indian Prime Minister Narendra Modi’s trip to Korea last week marks the fourth time in the last six years where either the Prime Minister of India has visited Korea or the President of Korea has traveled to India. These recent visits have helped create a solid structure and format for steadily increasing…

By Nicholas Hamisevicz “Survive and advance” is a phrase often associated with the month of March with the NCAA basketball tournament in the United States, but the phrase could be applied to the month of April for events on the Korean peninsula. The two Koreas, as well as the other countries involved in Northeast Asia,…

By Nicholas Hamisevicz March was expected to be a difficult month for inter-Korean relations with the joint U.S.-ROK military exercises taking place and the lack of progress between the two Koreas in January and February. Unfortunately, events in March suggest even more difficult times ahead for relations between North and South Korea even without military…