This paper argues that the Republic of Korea (hereafter Korea) is not immune to global crises, but that a more than proportional response of gross domestic product to global crises does not seem to be the general case either. Along this line of reasoning, the Korea’s extreme response to...

This study analyzes house price movements in the ASEAN+3 countries. Though there exist many reservations due to the serious limitations in the data quality and availability, the primary results appear to imply that the possibility of collapse in the ASEAN+3 region’s house prices is smaller...