trade, the world real interest rate and the population dependency ratio. Results also indicate that the Korean won shows …

exchange rate regime. In the case of foreign shocks such as hike of world interest rates, the flexible exchange rate regime …

English Abstract: This study examines the degree of capital market integration among major stock markets in the world … variation. However this observation does not necessarily imply that the degree of integration of world capital markets is low …, because business fundamentals tend to differ across countries to a similar or greater extent. Our results suggest that world …

English Abstract: This paper studies, from a quantity theory of money perspective, the reasons that North Korean … management of its exchange rate, using both domestic and foreign currencies in an analytic model based on the quantity theory of …

macroeconomic theory. The depreciation of the won after the currency crisis along with economic liberalization raised the relative …