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
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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: 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: Michael J. Seth
Publisher: Rowman & Littlefield Publishers
ISBN: 0742567176
Category : History
Languages : en
Pages : 595
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Book Description
In this comprehensive yet compact book, Michael J. Seth surveys Korean history from Neolithic times to the present. He explores the origins and development of Korean society, politics, and still little-known cultural heritage, showing how this ancient, culturally and ethnically homogeneous society was wrenched into the modern world, ultimately to be arbitrarily divided into two opposed halves after World War II. Tracing the six decades since, Seth explains how the two Koreas, with their deeply different political and social systems and geopolitical orientations, evolved into sharply contrasting societies. Throughout, he adds a rich dimension by placing Korean history into broader global perspective and by including primary readings from each era. All readers looking for a balanced, knowledgeable history will be richly rewarded with this clear and concise book.
Author: David R. Wellens
Publisher: University Press of America
ISBN: 0761856900
Category : Travel
Languages : en
Pages : 202
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Book Description
This frank and candid account describes the fifty weeks Wellens spent teaching at Chungnam Institute of Foreign Language Education, a state-of-the-art facility in Gongju, South Korea. Anyone considering teaching in a foreign country will benefit from the reading of this book as preparation for a transformative experience.
Author: Sammy R Browne
Publisher: Lulu.com
ISBN: 0964202832
Category :
Languages : en
Pages : 187
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Book Description
Author: International Monetary
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 86
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Book Description
Korea has recovered impressively from the COVID-19 pandemic, which is a testament to its strong economic fundamentals and the authorities’ able policy responses. Activity has surpassed pre-covid levels despite multiple COVID waves. The recovery was supported by the effective containment of the pandemic, including rapid vaccination in 2021, and pursuing proactive economic policy support, which helped minimize economic scarring, sustain income growth, and maintain financial stability. Given Korea’s high global integration, strong external demand also supported the recovery. The upcoming presidential election offers a window of opportunity to reinvigorate structural reforms.
Author:
Publisher:
ISBN:
Category : Europe, Eastern
Languages : en
Pages : 920
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Book Description
Author: John R. Bruning
Publisher: Potomac Books
ISBN: 9781574888416
Category : Korean War, 1950-1953
Languages : en
Pages : 0
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Book Description
Exciting accounts of a key crossroads in military aviation history
Author: Library of Congress. Copyright Office
Publisher:
ISBN:
Category : Copyright
Languages : en
Pages : 1208
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Book Description
Author: Tanzan Ishibashi
Publisher:
ISBN:
Category : China
Languages : en
Pages : 614
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Book Description
