거시
기타보고서
2009 KDI Journal of Economic Policy Conference on “Financial Crisis, Recovery and Sustaining Growth”
요약
CHAPTER 1-1
WILL THE U.S. BANK RECAPITALIZATION SUCCEED? LESSONS FROM JAPAN I. Introduction
II. Macroeconomic Conditions in the U.S. and Japan
III. Japanese Asset Management Companies and Recapitalization Programs
IV. The U.S. Crisis and Responses
V. Conclusions
References
CHAPTER 1-2
I. Introduction
II. An Accounting Framework
III. Prescriptions
IV. Implications for Korea
V. Concluding Remarks
References
CHAPTER 1-3
Sovereign Wealth Meets Market Failure:
I. Introduction
II. Origins of The Financial Crisis
III. A Way Forward: Mutual Wealth Funds
IV. Governance Structure of Mutual Wealth Funds
V. Rescuing the Global Environment
VI. Conclusions
References
Comments on “Sovereign Wealth Meets Market Failure: Government Participation versus Government Intervention in Markets”
CHAPTER 2-1
Between Two Whales: Korea’s Choice in the Post-Crisis Era
The 1997 Asian Financial Crisis and Institutional Reform in Korea
The Current Crisis’s Economic Impact and Government Response
Yet Another Variable: The Emergence of China
Trade in Parts and Cross-Border Production Networks between Korea and China
The Effect of the Crisis on Korea’s External Economic and Strategic Relations
CHAPTER 2-2
Economic Crisis and Intergenerational Economy:
I. Introduction
II. Background
III. Results
IV. Conclusion
References
Comments on "Financial Crisis and Intergenerational Economy: Lessons for Korea’s 1997 Financial Crisis"
CHAPTER 2-3
Growth of Felonies after the 1997 Financial Crisis in Korea
I. Introduction
II. Theoretical Framework of Criminal Deterrence Policy
III. Trend of Felony
IV. Criminal Deterrence Policy of the Korean Government
V. Conclusion
References
Comments on “Growth of Felonies after the 1997 Financial Crisis in Korea”
CHAPTER 3-1
Walking after the Elephant of Financial Crisis
I. Introduction
II. The story
III. The logic of bail out
IV. Arithmetic of Securitization: Risk Illusion
V. Conclusion
References
Exhibit 1.
Comments on "Walking after the Elephants of Financial Crisis"
CHAPTER 3-2
Was There an Explosive Bubble in U. S. Stock Prices before the Recent Stock Market Crash?
I. Introduction
II. A Review of the Literature
III. The Theoretical Model
IV. Empirical Analysis
V. Concluding Remarks
References
Comments on “Was There an Explosive Bubble in U. S. Stock Prices before the Recent Stock Market Crash?”
References
CHAPTER 3-3
Testing Financial Contagion with Time-Varying Correlation of Heteroscedastic Asset Returns
I. Introduction
II. Related Literature
III. The Model
IV. Empirical Results and Interpretations
V. Test for the 1994 Mexican Peso Crisis and the 1987 U. S. Market Crash
VI. Summary and Conclusion
Appendix
References
Comments on “Testing Financial contagion with Time-Varying Correlation of Heteroscedastic Asset Returns”
CHAPTER 3-4
Forecasting Time-varying Densities of Inflation Rates:
I. Introduction
II. Econometric Methodology: Functional Autoregression
III. Data and Descriptive Statistics
IV. Forecasting the UK Inflation Rates
V. Conclusion
References
Discussions on “Forecasting Time-varying Densities of Inflation Rates: A Functional Autoregressive Approach”
CHAPTER 4-1
Global Crisis, Official Bailout and the Long-run Demand for Official Lending I. Introduction
Appendix
References
CHAPTER 4-2
외환관리정책의 재조명과 바람직한 외환정책
I. 서 론305
II. 외환위기 이후 우리나라 외환시장 동향
III. 외환위기 이후 외환관리 정책 평가
IV. 향후 외환정책 방향 검토
V. 결론 및 시사점
<부록> 외환위기 이후 외환관리 정책 주요 내용
References
Comments on " A Reevaluation of Foreign Exchange Policy and Future Policy Direction"
CHAPTER 4-3
자본시장의 글로벌화와 한국 통화정책의 독립성
I. 서 론
II. 해외자본유입에 대한 정책대응
III. 통화정책의 독립성에 대한 실증분석
IV. 결 론
References
Discussions on “Capital Market Globalization and Monetary Policy Independence in Korea”
CHAPTER 4-4
Financial Market Integration in East Asia: Status and Options
I. Introduction
II. Interest differentials in East Asia
III. Determinants of Interest Differentials
IV. Implication for Regional Monetary Cooperation
V. Conclusion
References
Annex: Table for transforming the S&P ratings into numerical values
WILL THE U.S. BANK RECAPITALIZATION SUCCEED? LESSONS FROM JAPAN I. Introduction
II. Macroeconomic Conditions in the U.S. and Japan
III. Japanese Asset Management Companies and Recapitalization Programs
IV. The U.S. Crisis and Responses
V. Conclusions
References
CHAPTER 1-2
I. Introduction
II. An Accounting Framework
III. Prescriptions
IV. Implications for Korea
V. Concluding Remarks
References
CHAPTER 1-3
Sovereign Wealth Meets Market Failure:
I. Introduction
II. Origins of The Financial Crisis
III. A Way Forward: Mutual Wealth Funds
IV. Governance Structure of Mutual Wealth Funds
V. Rescuing the Global Environment
VI. Conclusions
References
Comments on “Sovereign Wealth Meets Market Failure: Government Participation versus Government Intervention in Markets”
CHAPTER 2-1
Between Two Whales: Korea’s Choice in the Post-Crisis Era
The 1997 Asian Financial Crisis and Institutional Reform in Korea
The Current Crisis’s Economic Impact and Government Response
Yet Another Variable: The Emergence of China
Trade in Parts and Cross-Border Production Networks between Korea and China
The Effect of the Crisis on Korea’s External Economic and Strategic Relations
CHAPTER 2-2
Economic Crisis and Intergenerational Economy:
I. Introduction
II. Background
III. Results
IV. Conclusion
References
Comments on "Financial Crisis and Intergenerational Economy: Lessons for Korea’s 1997 Financial Crisis"
CHAPTER 2-3
Growth of Felonies after the 1997 Financial Crisis in Korea
I. Introduction
II. Theoretical Framework of Criminal Deterrence Policy
III. Trend of Felony
IV. Criminal Deterrence Policy of the Korean Government
V. Conclusion
References
Comments on “Growth of Felonies after the 1997 Financial Crisis in Korea”
CHAPTER 3-1
Walking after the Elephant of Financial Crisis
I. Introduction
II. The story
III. The logic of bail out
IV. Arithmetic of Securitization: Risk Illusion
V. Conclusion
References
Exhibit 1.
Comments on "Walking after the Elephants of Financial Crisis"
CHAPTER 3-2
Was There an Explosive Bubble in U. S. Stock Prices before the Recent Stock Market Crash?
I. Introduction
II. A Review of the Literature
III. The Theoretical Model
IV. Empirical Analysis
V. Concluding Remarks
References
Comments on “Was There an Explosive Bubble in U. S. Stock Prices before the Recent Stock Market Crash?”
References
CHAPTER 3-3
Testing Financial Contagion with Time-Varying Correlation of Heteroscedastic Asset Returns
I. Introduction
II. Related Literature
III. The Model
IV. Empirical Results and Interpretations
V. Test for the 1994 Mexican Peso Crisis and the 1987 U. S. Market Crash
VI. Summary and Conclusion
Appendix
References
Comments on “Testing Financial contagion with Time-Varying Correlation of Heteroscedastic Asset Returns”
CHAPTER 3-4
Forecasting Time-varying Densities of Inflation Rates:
I. Introduction
II. Econometric Methodology: Functional Autoregression
III. Data and Descriptive Statistics
IV. Forecasting the UK Inflation Rates
V. Conclusion
References
Discussions on “Forecasting Time-varying Densities of Inflation Rates: A Functional Autoregressive Approach”
CHAPTER 4-1
Global Crisis, Official Bailout and the Long-run Demand for Official Lending I. Introduction
Appendix
References
CHAPTER 4-2
외환관리정책의 재조명과 바람직한 외환정책
I. 서 론305
II. 외환위기 이후 우리나라 외환시장 동향
III. 외환위기 이후 외환관리 정책 평가
IV. 향후 외환정책 방향 검토
V. 결론 및 시사점
<부록> 외환위기 이후 외환관리 정책 주요 내용
References
Comments on " A Reevaluation of Foreign Exchange Policy and Future Policy Direction"
CHAPTER 4-3
자본시장의 글로벌화와 한국 통화정책의 독립성
I. 서 론
II. 해외자본유입에 대한 정책대응
III. 통화정책의 독립성에 대한 실증분석
IV. 결 론
References
Discussions on “Capital Market Globalization and Monetary Policy Independence in Korea”
CHAPTER 4-4
Financial Market Integration in East Asia: Status and Options
I. Introduction
II. Interest differentials in East Asia
III. Determinants of Interest Differentials
IV. Implication for Regional Monetary Cooperation
V. Conclusion
References
Annex: Table for transforming the S&P ratings into numerical values