North Korea's financial system is based upon a mono-banking system, centered on the Central Bank of the DPRK. The Central Bank of the DPRK serves diverse functions - aside from financial activities, it also acts simultaneously as a central bank and a commercial bank. From the experiences of...

German reunification is an important subject of study as a model of unification for Korea, a country which has remained divided for decades. In the process of German reunification, peace was achieved without any physical conflict. Moreover, economic integration was successfully accomplished...

This study compares the initial conditions of North Korea with East European countries by using the principal components analysis. Based on statistics from December 2007, the initial conditions of North Korean economy are better than countries like Turkmenistan, Tajikistan, Moldova, and Ukraine...