Experiences With Monetary Integration And Lessons For Korean Unification

Author : Goohoon Kwon
Publisher : International Monetary Fund
Page : 34 pages
File Size : 55,9 Mb
Release : 1997-05-01
Category : Business & Economics
ISBN : 9781451962635

Get Book

Experiences with Monetary Integration and Lessons for Korean Unification by Goohoon Kwon Pdf

This paper discusses the timing of monetary integration and supporting economic policies during a rapid and largely uncontrolled process of Korean unification. The paper concludes that the transitory use of a separate currency in each region and supporting economic policies would help limit the initial costs of unification although the extent of the eventual cost reduction would depend critically on the success of ensuing economic reforms in the North during the transition. Maintaining the competitiveness of the northern economy would need to be a primary policy objective in the case of an early introduction of a common currency.

Author : Yeongseop Rhee,Patrick Messerlin
Publisher : Routledge
Page : 140 pages
File Size : 47,5 Mb
Release : 2019-06-27
Category : Business & Economics
ISBN : 9780429608315

Get Book

North Korea and Economic Integration in East Asia by Yeongseop Rhee,Patrick Messerlin Pdf

Throughout North Korea’s history, it has regarded external relations with suspicion and as a potential threat to its regime. With North Korea working towards denuclearization, there is now hope for an economic opening. This book examines the external economic strategies that North Korea may consider for its reforms and development, which are related to the East Asian economic integration process. This book emphasizes that considering theoretical factors as well as conditions of the North Korean economy, economic opening and integration should have high priority, anteceding or at least being parallel to economic reforms and transformation. Also, among various alternative strategies for achieving the goal of economic reform and development based on economic opening, the utilization of East Asian regional economic integration framework would be the best option for North Korea, because this framework can provide an opportunity for North Korea to overcome structural problems in its external economic relations and to circumvent political conflicts, thus leading to a smoother rapprochement towards economic opening. This book is timely as it shows how a new economic recovery strategy on the Korean Peninsula may be accomplished.

Author : Paul Wilson
Publisher : Rowman & Littlefield
Page : 277 pages
File Size : 54,8 Mb
Release : 2021-07-12
Category : Business & Economics
ISBN : 9781538154021

Get Book

Shades of Sovereignty by Paul Wilson Pdf

This comprehensive book traces the role of money in the creation of the state. Starting in the early modern era, Paul Wilson explores the monetary systems of empires and new states in the age of nation-building in the eighteenth and nineteenth century. Spanning a wide geographical and historical range from the creation of the United States of America to the establishment of the European Union and the breakup of the Soviet Union and beyond, the author examines changing attitudes toward monetary sovereignty as dozens of new states created new currencies since the end of the Second World War. Wilson analyzes the decision–making of newly independent states in their choice of an appropriate currency, considering the complex factors involved—ranging from the purely economic to questions of security, international recognition, and outright nationalism that have played a part. The author challenges the notion that each country must necessarily have its own currency and explains why some newly independent countries have chosen to adopt the currency of another state. Citing the examples of international currency unions of the nineteenth century and the present day, he contends that sharing a currency does not represent a surrender of political sovereignty. Instead, Wilson argues for a more rational attitude toward money as a facilitator of transactions rather than as a symbol of national identity.

Author : Suthiphand Chirathivat,Emil Maria Claassen,Jürgen Schroeder
Publisher : Edward Elgar Publishing
Page : 272 pages
File Size : 43,7 Mb
Release : 2005-01-01
Category : Business & Economics
ISBN : 1845423380

Get Book

East Asia's Monetary Future by Suthiphand Chirathivat,Emil Maria Claassen,Jürgen Schroeder Pdf

Leading scholars from East Asia, Europe and the US contribute new insights to the key questions facing the organization and future of the monetary system in East Asia. Central questions discussed and analysed in the book include, amongst others: should the region move towards monetary union? Should countries peg their exchange rates to the US dollar? Is complete dollarization an option for East Asia? The authors argue that, having realized price stability over the last twenty years, in contrast to Latin America and Africa, the next logical step would be the gradual formation of various currency blocs within the region. This comprehensive discussion of the fundamental issues at stake will ensure the book's appeal to academics and researchers of Asian studies and financial economics. Financial experts working in this area and policymakers will also find much of interest to them within this book.

Author : Victor Cha,Ramon Pacheco Pardo
Publisher : Yale University Press
Page : 305 pages
File Size : 47,9 Mb
Release : 2023-06-13
Category : History
ISBN : 9780300259810

Get Book

Korea by Victor Cha,Ramon Pacheco Pardo Pdf

A major new history of North and South Korea, from the late nineteenth century to the present day Korea has a long, riveting history--it is also a divided nation. South Korea is a vibrant democracy, the tenth largest economy, and is home to a world-renowned culture. North Korea is ruled by the most authoritarian regime in the world, a poor country in a rich region, and is best known for the cult of personality surrounding the ruling Kim family. But both Koreas share a unique common history. Victor Cha and Ramon Pacheco Pardo draw on decades of research to explore the history of modern Korea, from the late nineteenth century, Japanese occupation, and Cold War division to the present day. A small country caught amongst the world's largest powers--including China, Japan, Russia, and the United States--Korea's fate has been closely connected to its geography and the strength of its leadership and society. This comprehensive history sheds light on the evolving identities of the two Koreas, explaining the sharp differences between North and South, and prospects for unification.

Author : Tara O
Publisher : Springer
Page : 183 pages
File Size : 53,8 Mb
Release : 2016-07-25
Category : Political Science
ISBN : 9781137598011

Get Book

The Collapse of North Korea by Tara O Pdf

This book highlights the increasing risk of North Korea’s collapse and considers the necessary actions that would enable the neighboring powers to prepare for such an event. North Korea's deteriorating economic conditions, its reliance on external assistance, and the degree of information penetration all provide hints of its collapse. Whether the chance is high or low, the collapse of North Korea and subsequent Korean unification would drastically alter the geostrategic landscape and profoundly affect the national interests of the regional powers—South Korea, China, the United States, Japan, and Russia. The most desirable scenario for a post-unification Korean Peninsula is a successfully developed and integrated non-nuclear Korea acting as a responsible regional and world stakeholder. This work considers the major challenges expected after a North Korean collapse, including the control of nuclear weapons, disorder in the immediate aftermath of collapse, and economic and social integration. The author then outlines how regional powers need to prepare to handle these challenges in order to minimize suffering and to set the foundation for long-term development and regional stability.

Author : Marcus Noland
Publisher : Columbia University Press
Page : 456 pages
File Size : 49,5 Mb
Release : 2000-06-01
Category : Political Science
ISBN : 9780881323030

Get Book

Avoiding the Apocalypse by Marcus Noland Pdf

On the Korean peninsula one of the greatest success stories of the postwar era confronts a famine-ridden—and possibly nuclear-armed—totalitarian state. The stakes are extraordinarily high for both North and South Korea and for countries such as the United States that have a direct stake in these affairs. This study, the most comprehensive volume to date on the subject, examines the current situation in the two Koreas in terms of three major crises: the nuclear confrontation between the United States and North Korea, the North Korean famine, and the South Korean financial crisis. The future of the peninsula is then explored under three alternative scenarios: successful reform in North Korea, collapse and absorption (as happened in Germany), and "muddling through" in which North Korea, supported by foreign powers, makes ad hoc, regime-preserving reforms that fall short of fundamental transformation.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 144 pages
File Size : 52,6 Mb
Release : 2000-01-01
Category : Business & Economics
ISBN : 1557759804

Get Book

Research Activities of the IMF, January 1991-December 1999 by International Monetary Fund Pdf

Research activity in the IMF emphasizes the links between the organization's policy and operational concerns. The main objectives of research is IMF staff understanding of policy and operational issues relevant to the institution, and to improve the analytical quality of the work prepared for management and the Executive Board and the advice provided to member countries. The scope of research in the IMF is defined by the purposes and functions of the institution. In order to foster innovation and ensure quality control, the IMF makes much of its research available outside the institution and encourages staff to interact with academia and other research organizations through conferences, seminars, and occasional joint research projects. The visiting scholar’s program has also enhanced the quality of research done in the IMF. This program brings in leading members of the economics profession from around the world to assist in the preparation of papers for the Executive Board and to conduct research on IMF-related issues.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 124 pages
File Size : 54,6 Mb
Release : 1999-09-24
Category : Business & Economics
ISBN : 1557758603

Get Book

Research Activities of the IMF, January 1991-December 1998 by International Monetary Fund Pdf

A selective index of major research papers prepared by IMF staff in 1991-98.

Author : Harry Ward Richardson,Chang-Hee Christine Bae
Publisher : Edward Elgar Publishing
Page : 276 pages
File Size : 50,6 Mb
Release : 2011-01-01
Category : Political Science
ISBN : 9781849805797

Get Book

Regional and Urban Policy and Planning on the Korean Peninsula by Harry Ward Richardson,Chang-Hee Christine Bae Pdf

The potential for reunification of the two Koreas, whether in the short or long term, argues for a comprehensive look at policy and planning issues that encompass the peninsula as a whole. This book deals with spatial policy issues in both South and North Korea in a broad and non-political way. Part one deals with South Korea, examining cultural changes, the capital city of Seoul, Greenbelt policy, the balanced national (regional) development strategy, and the new mega-regional approach. Part two delves into aspects of development in North Korea, such as the limitations of national statistics, the marketization of the economy, integration with the rest of North East Asia, and the need for a spatial infrastructure strategy. Part three examines the case for reunification in the interests of both the South and North. It argues that a transitional approach would be less costly and less risky than sudden reunification primarily via an early strategy of shifting more capital to the North and later by moderating migration flows to the South. The book also examines whether the capital should remain in Seoul or be relocated elsewhere should reunification occur. Professors, students and public policy officials in the fields of Asian studies, regional economics and planning, urban studies and political science and any reader interested in the future of Korea will find this book very current and enlightening.

Author : Paul Wilson
Publisher : The History Press
Page : 325 pages
File Size : 42,6 Mb
Release : 2019-05-23
Category : Business & Economics
ISBN : 9780750991780

Get Book

Hostile Money by Paul Wilson Pdf

Money has the power to make nations and fuel wars. It is both the subject of diplomacy and the tool of those seeking to overthrow hostile regimes at home and abroad. Germany's hyperinflation following the First World War has entered the public consciousness as an extreme example of what can happen to a currency in conflict. What is not widely known is that it is by no means the worst case of war-induced hyperinflation. Hostile Money looks at the impact of war and revolution on national currencies – from Rome's civil war in the first century BC to the twenty-first-century invasions of Afghanistan and Iraq by American-led forces and the economic sanctions and cyberwarfare of today.

Author : International Monetary Fund. Research Dept.
Publisher : International Monetary Fund
Page : 120 pages
File Size : 49,6 Mb
Release : 1997-01-01
Category : Business & Economics
ISBN : 9781451973464

Get Book

IMF Staff papers, Volume 44 No. 3 by International Monetary Fund. Research Dept. Pdf

This paper studies the case of Mexico to examine determinants of banking system fragility. The paper tests empirically the proposition that bank fragility is determined by bank-specific factors, macroeconomic conditions, and potential contagion effects. The methodology allows the variables that determine bank failure to differ from those that influence banks’ time to failure (or survival rate). Based on the indicators of fragility of individual banks, the paper constructs an index of fragility for the banking system. The framework is applied to the Mexican financial crisis that began in 1994.

Author : International Monetary Fund. External Relations Dept.
Publisher : International Monetary Fund
Page : 458 pages
File Size : 50,6 Mb
Release : 1997-01-01
Category : Business & Economics
ISBN : 9781451937503

Get Book

IMF Survey by International Monetary Fund. External Relations Dept. Pdf

The Web edition of the IMF Survey is updated several times a week, and contains a wealth of articles about topical policy and economic issues in the news. Access the latest IMF research, read interviews, and listen to podcasts given by top IMF economists on important issues in the global economy. www.imf.org/external/pubs/ft/survey/so/home.aspx

Author : Marcus Noland
Publisher : Unknown
Page : 38 pages
File Size : 45,5 Mb
Release : 1998
Category : Korea
ISBN : UCSD:31822025766478

Get Book

The Costs and Benefits of Korean Unification by Marcus Noland Pdf

Author : Anonim
Publisher : Unknown
Page : 574 pages
File Size : 48,7 Mb
Release : 1961
Category : Asia
ISBN : UOM:39076001963318

Get Book

Asian Survey by Anonim Pdf