This paper reviews and evaluates the development of Bank of Korea policy in historical and comparative perspective. The historical perspective focuses on the most recent of the three stages of…
November 25, 2009
Financial crises are more common than people usually expect. In fact, 139 financial crises from 1973 to 1997 have been identified by Eichengreen and Bordo, and they concluded that the…
May 25, 2009
South Korea is currently engaged, once again, in a large-scale, expensive modernization of its military that aims to provide the country with a more robust and self-sufficient defense. The timing…
February 2, 2009
After the U.S.-Korea Free Trade Agreement (KORUS FTA) is approved by the legislatures of Korea and the United States, it will likely provide a turning point for the countries’ bilateral…