Can Korea withstand another FX shock?
During the third quarter of this year, there have been mounting concerns about a global tightening of U.S. dollar liquidity resulting from the Europ..

The Euro in a shrinking zone
LONDON – The recent European Union summit was a disaster. Both Britain and Germany played the wrong game: British Prime Minister David Cameron..

Bond markets rule
As contagion in Europe spreads from country to country, it appears as if the bond markets are the primary force imposing discipline on European gove..

Time for FDI through KORUS FTA
Rather than taking to the streets to diffuse groundless rumors about the harmful impacts of the KORUS FTA, opposition party lawmakers need to spend ..

A condition for domestic demand-led growth
Asian ex-Japan��s share of global GDP rose from 14 percent in 2007 to 18 percent in 2010. The road Asia has taken so far is similar to that travelle..

A second wave of countries in crisis?
We know the first wave _ or the first group _ of countries hit by a public finance crisis, i.e. the peripheral euro-zone countries: Greece, Portugal..

Institutional weakness and the crisis
Dealing with the present economic and financial crisis requires not only appropriate policies but also accurate and sustained policy implementation...

Eurozone crisis spins out of control
The eurozone's fiscal crisis is looking more and more like it is headed toward total collapse. The climb in the bond yields of Italy and Spain is un..

The return of fear
In our commentary provided to this paper last month we suggested that we had reversed our August through to October bullishness because markets had ..

A resource revolution coming
The debate about climate change worldwide and in Korea is important but needs to be conducted with an eye on an equally important issue, namely a di..

3.25% is the ��new neutral�� BOK base rate
PIMCO chief executive Mohammed El-Erian coined the phrase ��new normal�� to describe the post-global financial crisis world of slower growth and low..

Why we are lousy investors
We have known for a long time that greed and fear play a prominent role in investors�� decisions.

Safeguarding growth by protecting people
While European and North American leaders struggle to regain fiscal credibility by cutting back social entitlements, those of the Association of Sou..