The governor of the Bank of Korea suggested that foreign exchange instability is linked to individual investor behavior ...

The Bank of Korea, after holding a Monetary Policy Committee meeting on the 15th and deciding to maintain the base rate at 2.5% annually, omitted any mention of a “base rate cut” in its published ...

The solo-authored project aims to analyze the leverage cycle and exchange rate cycle in emerging market economies. A dynamic model will be developed to jointly examine the prices (corporate debt ...

Discover how exchange rates influence the economy, affecting job markets, inflation, and costs of goods. Learn about their ...

This paper addresses a key puzzle in international finance: whether exchange rates follow a random walk or exhibit predictable patterns. We demonstrate that exchange rates can possess a unit root ...

Growing remittance flows to emerging and developing economies may lead to real exchange rate appreciation and weaken their competitiveness. While the empirical literature finds mixed results about the ...