What I find most heartbreaking and strange lately is the story about the M2 growth rate,” said Bank of Korea Governor Rhee ...
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 ...
President Lee Jae-myung stated during a New Year’s press conference on the 21st regarding the recent sharp rise in exchange ...