China��s New Exchange Rate Policy
Concerted appreciation is out. From now on the Chinese yuan will shadow the broad US dollar. On our forecasts the new policy implies the yuan will d..

Tighter credit alone cannot tame debt
Korea is in good shape to weather further fallout from the economic turmoil in Europe. For example foreign currency reserves here are greater now th..

Fed easing risks diminishing returns
In theory central banks are omnipotent to create inflation. In practice, it is not so simple. With the U.S. economy slowing, the Federal Reserve wil..

Prepare for the unexpected
��A large global organization will typically have to invoke its business continuity or crisis response plans somewhere in the world once per week on..

CSR revisited
As income polarization in Korea, stacked heavily in favor of the large corporate sector, has become increasingly acute after two unprecedented exter..

What euro crisis and China's sliding mean to Korea
Since the second half of last year, worsening global risk factors including the eurozone��s fiscal crisis had led to a severe slump in the Korean ec..

Happy third anniversary
June 2012 marks the third anniversary of the end of the Great Recession, the most severe of the 11 U.S. recessions since World War II _ although the..

Relations among Koreas and China
The trade relations between China and the two Koreas have been changing dramatically in recent years. It would be interesting to figure out how the ..

Underlying problem of euro crisis
The eurozone crisis can be interpreted in different ways. Some believe the main culprit is a lax fiscal policy among a number of countries, in parti..