In addition to premiums, investment income is one of the two main sources of capital for property-casualty (P/C) insurance companies. This study investigates short-term equity trading behavior of P/C insurers in the United States in 2007 and 2008, and finds that over 27 percent of non-group...

The dissemination of best practices has been a major tool for public sector reform in Asia. There are two reasons why it is an effective tool, especially for reforming public entities (PE) such as state-owned enterprises and government-funded organizations, which have more flexibility in their...

Though it is neither desirable nor likely that an emergency will materialize in North Korea in the near future, it is necessary to be prepared for such an abrupt incidence. This paper examines necessary measures to take in the case of a North Korean collapse. The policy goal of a potential...

Reforming PEs is a critical component of public sector reform. In order to approach such an important task more systematically, we need to know how PEs reformed themselves during the past 5 years under President Roh. By examining a survey on 125 public entities' best practices, it is possible...