Zobrazeno 1 - 10
of 26
pro vyhledávání: '"Il Houng Lee"'
Publikováno v:
East Asian Economic Review, Vol 22, Iss 3, Pp 307-336 (2018)
This paper proposes a monetary aggregate "Liquidity" that could serve as a useful indicator for gauging the appropriateness of monetary policy. If liquidity rises above a certain threshold, it is signaling that monetary policy is losing traction due
Externí odkaz:
https://doaj.org/article/f86b4d05574e4ed7b96f00a18ff18ab1
Autor:
Il Houng Lee, Kyunghun Kim
Publikováno v:
Asian Economic Papers. 17:145-162
We investigate the effect of exchange rate flexibility on economic growth. We find that exchange rate flexibility negatively affects economic growth, but this effect varies with the degree of financial market openness. Countries with high financial m
Autor:
Il Houng Lee
Publikováno v:
China Quarterly of International Strategic Studies. :347-372
The dominance of the US Dollar (USD) as the main global reserve currency will continue for the foreseeable future. Yet various events, including the most recent financial crisis, have pointed to the need for an alternative system that will strengthen
Publikováno v:
East Asian Economic Review, Vol 22, Iss 3, Pp 307-336 (2018)
This paper proposes a monetary aggregate "Liquidity" that could serve as a useful indicator for gauging the appropriateness of monetary policy. If liquidity rises above a certain threshold, it is signaling that monetary policy is losing traction due
Autor:
Xiaotong Shan, Jang Yung Lee, Claude Barfield, Michael J. Roberts, Baybars Karacaovali, Yijiang Wang, Inchul Kim, Theresa M. Greaney, Taeho Bark, Inkyo Cheong, Yong Wang, Mark A. Thoma, Ming Wan, Yoonje Cho, Charles E. Morrison, Marcus Noland, Il Houng Lee, Chul Chung
Publikováno v:
SSRN Electronic Journal.
The conference was held on Dec 14-15, 2015 co-organized by the Korea Institute for International Economic Policy (KIEP) and East-West Center (EWC) in Honolulu. Participants from China, Japan, Korea and the United States discussed the economic future
Publikováno v:
SSRN Electronic Journal.
With global recovery not in sight, along with calls for stronger structural reform, international policy coordination is again under spotlight. Correcting global imbalance would contribute towards closing the demand gap. Emerging economies in particu
Autor:
Il Houng Lee
Publikováno v:
SSRN Electronic Journal.
Among multitude of issues, global imbalance has attracted more attention than may be warranted because it is perceived to be policy induced and constrain global growth, or a zero sum game in the sense of growing at another countries’ expense. Yet m
Autor:
Il Houng Lee
Publikováno v:
SSRN Electronic Journal.
Two Koreas have been apart for 70 years under very different political regimes and economic systems. A preferable approach for socially stable path of unification would be to allow both Koreas to remain independent states for about 20 years after an
Autor:
Il Houng Lee
Publikováno v:
SSRN Electronic Journal.
The 2008 global financial crisis undermined the market confidence of the US financial market, challenging the current IMS which heavily relies on the USD. In light of this, this paper suggests that some changes in the IMS are possible by promoting th