The purpose of this article is to go back to basics of the international balance of payments to take a closer look at the roles of international reserves and related factors in the exchange rate managements of an emerging economy. It is a timely attempt because; (1) international reserves are...

The purpose of this study lies in the protection of the Korean economy. Korea is an inspirational country that has always been aiming high, that is, the sound growth with incredibly high morality in the international financial markets and the full-hearted willingness to contribute to the...