This paper identifies to which extent a discriminatory protection through a fixed cost can protect inefficient firms. The effectiveness of a discriminatory device is measured by a critical market size at which a marginal firm can survive

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...

This study attempts to examine the impact of globalization on the income inequality in Asia. The pooled regression results covering eight Asian countries over the period 1970 to 2002, show the regular-U shape with globalization variables. It gives a policy implication for growth, equity, and...

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...

This paper examines how the financial activities of non-financial corporates (NFCs) in international markets potentially affects domestic monetary aggregates and financial conditions. Monetary aggregates reflect, in part, the activities of NFCs, who channel capital market financing into the...

First, this article introduces unit value box in addition to Azhar, Elliott and Milner's industry trade box in identifying the post-crisis trade structure of Korea. Dynamic movements of total trade, net trade, intra-industry trade and export-import unit values complete the systematic analysis of...

This article is whether and how the world macroeconomic environments influence the world trade disputes. We use two-pronged approach. First, we try to answer the question whether and how global macroeconomic environments are attached to the count of the world trade disputes. Even if the...

This special issue aims to shed light on the multi dimensional aspects of economic integration among the world’s vast, distinct, and two adjacent regions on the continental scale: that is, Asia and Europe. Distinguished researchers weave various strands of economic integration between Asia and...