We examine how Korea’s capital flows and trade have been affected by the quantitative easing (QE) of the United … in the world market for trade. We find that QE had little direct impact on capital flows to Korea, and tapering is … the exchange rate spillover from QQME to Korea has been limited both on trade and capital flow fronts. …

through the trade. This mutual relationship between two countries can be expressed by the Nash-equilibrium in the Game theory …

enhances trade and business cycle co-movements among its member countries sufficiently as to obviate the need for national … monetary policy. This paper examines the empirical relationship between trade and business cycle correlations among thirteen … not explored fully in the literature. According to our result, although trade is relevant to the business cycles of …