This article aims to review the monetary policy rule under inflation targeting framework focusing on Mongolia. The empirical analysis estimates the policy reaction function to see if the inflation targeting has been linked with a monetary policy rule emphasizing on inflation stabilization since...

Korean Abstract: 국제무역의 품목별 구조에서 나타난 한국, 중국, 일본 등 동북아시아 삼국간 경쟁 및 보완적 관계를 살펴보고, 특히 무역상응지수(trade conformity index)를 이용하여 한국과의 수출입을 중심으로 동북아시아...

Korean Abstract: 중국의 WTO가입 전망으로 중국금융시장의 개방화, 자유화가 더욱 촉진될 것으로 예상된다. 중국은 WTO 가입후 인민폐업무의 개방범위를 확대하는 등 일련의 금융개방과 금융자유화 조치를 단행할 예정이며, 이는...

Since the 1991 balance of payments crisis, India has embarked on an ambitious program of economic liberalization. Over the past decade the Indian government has introduced a series of far-reaching reforms that have transformed the once closed economy. This paper examines the policy reforms and...

Korean Abstract: 이 논문은 최근 중국 경제개발구에 어떠한 변화가 일어나고 있는지를 분석하고, 이것이 한국경제에 어떠한 시사점을 주는가를 정책적인 시각에서 알아보고자 한다. 지역경제구조의 관점에서 볼 때, 중국의...

In Korea, the IMF-supported program, approved in late 1997, focused on financial sector restructuring, corporate governance, capital account liberalization, labor market reforms and trade liberalization. As in Thailand, it soon became clear that the IMF program underestimated the severity and...

Many of the recent studies on the Japanese economy focus on its decade-long slump and the economic policies that may help end it. In contrast, this paper focuses on two specific developments during this period that have largely been overlooked in the literature: the continuous growth of foreign...

Based on relatively recent household survey data (1986-2000) in rural China, this paper analyzes the composition and inequality in non-land wealth. We first document the evolution of rural households wealth during the sample period. Our results show that the housing assets have played a dominant...

This paper analyzes the household's off-farm labor response to risk using the Research Center on the Rural Economy (RCRE) panel data in China. This paper aims to find out whether the off-farm labor market, especially the migrant labor market, could be used as a means of coping with risk and...