What's in the R- Stars for Korea? PDF Download
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Author: Mr. Sohrab Rafiq
Publisher: International Monetary Fund
ISBN: 1513575228
Category : Business & Economics
Languages : en
Pages : 37
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Book Description
Korea’s stars tell of an economy saddled with a real neutral rate (r-star) that has declined significantly in recent decades and is currently below zero. This reflects a significant decline in trend growth, and two large financial crises that triggered significant shifts in the saving-investment balance. Larger fiscal deficits and frothy financial conditions since 2012 have helped offset rising demand for safer assets, preventing the neutral rate from falling further. Nonetheless, the fall in the neutral rate, coupled with its effects on asset returns, has complicated the task of monetary policy stabilization. Korea’s neutral rate is likely to remain low over the medium-term and could fall further, reflecting a structural savings-investment imbalance owing to declining productivity and a rotation in demographics increasing the demand for precautionary saving and convenience yield, and widening the capital risk premia. The COVID pandemic risks magnifying these trends.
Author: Mr. Sohrab Rafiq
Publisher: International Monetary Fund
ISBN: 1513575228
Category : Business & Economics
Languages : en
Pages : 37
Get Book Here
Book Description
Korea’s stars tell of an economy saddled with a real neutral rate (r-star) that has declined significantly in recent decades and is currently below zero. This reflects a significant decline in trend growth, and two large financial crises that triggered significant shifts in the saving-investment balance. Larger fiscal deficits and frothy financial conditions since 2012 have helped offset rising demand for safer assets, preventing the neutral rate from falling further. Nonetheless, the fall in the neutral rate, coupled with its effects on asset returns, has complicated the task of monetary policy stabilization. Korea’s neutral rate is likely to remain low over the medium-term and could fall further, reflecting a structural savings-investment imbalance owing to declining productivity and a rotation in demographics increasing the demand for precautionary saving and convenience yield, and widening the capital risk premia. The COVID pandemic risks magnifying these trends.
Author: Sungju Lee
Publisher: Abrams
ISBN: 161312340X
Category : Young Adult Nonfiction
Languages : en
Pages : 299
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Book Description
Written for a young audience, this intense memoir explores the harsh realities of life on the streets in contemporary North Korea. Every Falling Star is the memoir of Sungju Lee, who at the age of twelve was forced to live on the streets of North Korea and fend for himself. To survive, Sungju creates a gang and lives by thieving, fighting, begging, and stealing rides on cargo trains. Sungju richly recreates his scabrous story, depicting what it was like for a boy alone to create a new family with his gang, “his brothers,” to daily be hungry and to fear arrest, imprisonment, and even execution. This riveting memoir allows young readers to learn about other cultures where freedoms they take for granted do not exist.
Author: Donovan Moore
Publisher:
ISBN: 0674237374
Category : Biography & Autobiography
Languages : en
Pages : 321
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Book Description
Cecilia Payne-Gaposchkin was the revolutionary scientific thinker who discovered what stars are made of. But her name is hard to find alongside those of Hubble, Herschel, and other great astronomers. Donovan Moore tells the story of Payne's life of determination against all the obstacles a patriarchal society erected against her.
Author: United States. Congress
Publisher:
ISBN:
Category : Law
Languages : en
Pages : 1398
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Book Description
The Congressional Record is the official record of the proceedings and debates of the United States Congress. It is published daily when Congress is in session. The Congressional Record began publication in 1873. Debates for sessions prior to 1873 are recorded in The Debates and Proceedings in the Congress of the United States (1789-1824), the Register of Debates in Congress (1824-1837), and the Congressional Globe (1833-1873)
Author: Frank C. Foster
Publisher: Medals of America Press
ISBN: 9781884452673
Category : Military decorations
Languages : en
Pages : 188
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Book Description
Author: Dennis Merrill
Publisher:
ISBN:
Category : Biography & Autobiography
Languages : en
Pages : 516
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Book Description
Author: United States. Congress. Senate. Committee on Armed Services
Publisher:
ISBN:
Category :
Languages : en
Pages : 1956
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Book Description
Author: Sammy R Browne
Publisher: Lulu.com
ISBN: 0964202832
Category :
Languages : en
Pages : 187
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Book Description
Author: Brook Taylor
Publisher: Silkworm Books
ISBN: 6162152022
Category : Business & Economics
Languages : en
Pages : 221
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Book Description
The drivers behind the world's most exciting growth story. For more than 25 years, Vietnam has been one of the most dynamic countries in the world in terms of GDP growth, trade, investment, and other business metrics. The key question is whether or not the country can continue this growth for another 25 years. If it can, Vietnam will become a high-income country like South Korea and Taiwan, the original Tiger Economies of Asia. Engaging in conversations about Vietnam’s future is challenging. Locals are often too focused on the present while foreigners are caught up in legacy and political issues of the past. Many observers also focus on the short term, a specific economic metric, or inevitably Vietnam’s political system without considering the big picture or recognizing long term trends. The authors researched and analyzed a broad range of drivers to assess a possible future for Vietnam, and Vietnam – Asia’s Rising Star is the result of these efforts. What Others Are Saying “Vietnam – Asia’s Rising Star should be read by anyone with an interest in Vietnam and anyone else with an interest in the future of Asia.” —Carlyle A Thayer, professor emeritus, University of New South Wales, Canberra
Author: Justin Nurse
Publisher: Juta and Company Ltd
ISBN: 9781919930442
Category : History
Languages : en
Pages : 116
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Book Description
A collection of the greatest hits and near misses of all that was South African in 2003 - whether a song, cartoon, installation, design or photo - by some of the country's young creative talent. It includes Karen Zoid, Tumi Molekane, Zapiro, Pieter-Dirk Uys and Zackie Achmat.
