The trend of deglobalization steadily gained strength after the global financial crisis. One popular explanation of this downturn focuses on rising inequalities in advanced economies as a result of globalization. Political pressure towards populism rises and is materialized through elections and...

Korean Abstract: 본 연구는 금융혁신의 사례를 기능별로 분류하고 기존 문헌에서 이러한 금융혁신이 경제에 영향을 미칠 수 있는 경로를 살펴보았다. 중개비용의 절감, 리스크 분산의 달성, 시장의 불완전성 보완 등으로...

COVID-19 has changed the way of our lives since it started emerging as a pandemic early 2020. The global experience leave a trauma, and eventually work as a main driver to reconsider and improve our system. The need for change becomes even bigger as the pandemic continues beyond initial...

Following the Asian financial crisis of 1998, there was a need to improve regional financial cooperation, including liquidity support. The Chiang Mai Initiative Multilateralization (hereinafter, CMIM) and the Asian Bond Market Initiative (hereafter, ABMI) are two of the outcomes, but it is...

COVID-19 has changed the way of our lives since it started emerging as a pandemic early 2020. The global experience leave a trauma, and eventually work as a main driver to reconsider and improve our system. The need for change becomes even bigger as the pandemic continues beyond initial...

Korean Abstract: 노동소득분배율 저하가 글로벌 현상으로 인식되고 있다. 이러한 추세가 기업 소유주인 자본가와 노동공급자인 가계 사이의 소득불평등 심화를 가져오고 또한 소비의 원동력인 가계소득 저하로 이어지면서...

Fluctuations of commodity prices, most notably of oil, capture considerable attention and have been tied to important economic effects, such as inflation and low rates of economic growth. Commodity Prices and Markets advances our understanding of the consequences of these fluctuations, providing...