This paper provides a theoretical underpinning for the major determinants of optimal reserve demand in the case where fundamental disequilibrium constitutes a key element governing reserve management. Emphasis is given to the role of reserves to smooth the process of economic adjustment by...

In this thesis, we study both firms and markets, but in an environment in which much greater attention is placed on the workings of the market than has been the case heretofore. Specifically, we analyze the make-or-buy decision within a dynamic environment, in which firms search for trading...

In this study, we describe the fintech and cryptoassets-related trends in the Republic of Korea and review the measures and assessments of the Government of the Republic of Korea and the Bank of Korea. We also provide discussion on central bank digital currency. Fintech in the Republic of Korea...