“Managing Capital Flows in an Economic Community: The case of ASEAN Capital Account Liberalization” (with Shinji Takagi), paper presented to the PRI/ADBI conference on “Achieving Financial Stability – Lessons from the Euro-zone Crisis for Macroeconomic and Financial Stability,” Tokyo, 14 March 2012.
“A Macroprudential Approach to Financial Supervision and Monetary Policy in Emerging Economies”, KDI Journal of Economic Policy, Vol 34, Korea Development Institution, forthcoming, 2012
“A Critical Review of the Proposals for the Reform of the International Monetary System” (with Charles Wyplosz), paper presented to Asia Development Bank Institute(ADBI) Annual Conference on Reform of the International Monetary System, December 2011, Tokyo
“Internationalization of currency in East Asia: implications for regional monetary and financial cooperation” (with Kwanho Shin) in Currency internationalization: lessons from the global financial crisis and prospects for the future in Asia and the Pacific, , BIS Paper No.61, BIS, December, 2011
Prospects for Monetary Cooperation in East Asia,” (with Chi-Young Song), ADBI Working Paper No.314, Asian Development Bank Institute, October 2011
The Role of Macroprudential Policy for Financial Stability in East Asia's Emerging Economies” in Asian Perspectives on Financial Sector Reforms and Regulations edited by Masahiro Kawai and Eswar Prasad, Brookings Institution, September 2011
Decoupling of East Asia: Myth or Reality?, ADBI Working paper No.289, Asian Development Bank Institute, June 2011
“G20 Financial Regulatory Reform: Current Status and Future Challenges,” (with Sung Min Kim), Global Leadership in Transition: Making the G20 More Effective and Responsive, Korea Development Institute and The Brookings Institution, 2011
“Reform of the Global Regulatory System: Perspectives of East Asian Emerging Economies” in Annual World Bank Conference on Development Economics 2010 (global): Lessons from East Asia and the Global Financial Crisis, Y. Lin and B. Pleskovic (eds). Washington DC: The World Bank, 2011
“From Crisis to Recovery: Korea’s Policy Response to the Global Financial Meltdown, August 2007-June 2009,” in Navigating Turbulence in Northeast Asia: The Future of US-ROK alliance, Joint US-Korea Academic Studies, Vol. 20 pp.17-44, 2010
“The Future of the IMF and of Regional Cooperation in East Asia” (with Charles Wyplosz) in The New International Monetary System (edit by Charles Wyplosz), Routledge, New York, February 2010
“The Global Economic Crisis and Rebalancing Growth in Asia” Asian Development Bank Institute Research Policy Brief 31, December 15, 2009
“Inflation Targeting in Korea: Success, Good Luck or Bad Luck?” (with Charles Wyplosz) in Ten Years after the Korean Crisis: Crisis, Adjustment and Long-run Economic Growth, IMF and KIEP, December 2008.
“Is there Room for East Asia’s Self-managed Reserve Pooling arrangement (SRPA) in a New International Financial Architecture?”, Vox Ebook for G-20 Summit, November 7, 2008
“Asia and the Decoupling Myth”, (with Barry Eichengreen), Unpublished manuscript April 2008
“Asia, Global Rebalancing, and the Subprime Crisis”, (with Barry Eichengreen) Unpublished manuscript April 2008
"Proliferation of FTAs and Prospects for Trade Liberalization in East Asia" with Inkyo Cheong in China, Asia and the World Economy, Oxford University Press, 2008
"Emerging Economies in East Asia: Are They Safe from Future Crises? ( with Charles Wyplosz) paper presented to a conference on "Ten Years after the Crisis: Vulnerabilities of East Asia," Bangkok, Thailand February 2007
"Global Imbalances: Time for Action" ( with Alan Ahearne, William Cline, Jean Pisani-Ferry, Kyung Tae Lee, and John Williamson), Peterson Institute for International Economics, Washington DC February 2007
"Global Imbalances and Emerging Markets" ( with Barry Eichengreen) Korea Institute for International Economic Policy (KIEP) Working Paper, December, Seoul, October 2006
"Regional Financial Integration in East Asia: Challenges and Prospects," in Regional Financial Cooperation edited by Jose Antonio Ocampo, Brookings Institution Press, Washington DC 2006
"Asian Bond Market Development: Rationale and Strategy"(with Jae Ha Park, Julia Leung, Kanit Sangsubhan),. in Regional Financial Cooperation edited by Jose Antonio Ocampo, Brookings Institution Press, Washington DC 2006
"Developing the Bond Market(s) in East Asia: Global, Regional, or National"(with Robert N McCauley) in Asian Bond Markets: Issues and Prospects, No.30, pp.19-39, Bank for International Settlement, 2006
"Finance and Economic Development in East Asia", with WonHo Song and Yunjong Wang, in A New Financial Market Structure for East Asia edited by Takatoshi Ito, Yung Chul Park, and Yun Jong Wang, Edward Elgar, 2005
"Financial Liberalization and Capital Market in East Asia"(with Barry Eichengreen), in A New Financial Market Structure for East Asia edited by Takatoshi Ito, Yung Chul Park, and Yun Jong Wang, Edward Elgar. 2005
"Why Has There been Less Financial Integration in Asia than in Europe?" (With Barry Eichengreen), in A New Financial Market Structure for East Asia edited by Takatoshi Ito, Yung Chul Park, and Yun Jong Wang, Edward Elgar 2005
"A Tale of Two Crises: Korea’s Experience with External Debt Management 1979-80 and 1997-98," paper prepared for
"Debt Sustainability and Development Strategies," UNCTAD, September, 2005.
"Beyond the Chiang Mai Initiative: Prospects for Regional Financial and Monetary Integration in East Asia", paper presented at the Technical Group meeting of G-24, September 2004
"Exchange Arrangement in Asia: Do They Matter?"(With Charles Wyplosz), paper presented at the KIEP conference on Monetary and Exchange Rate Arrangement in East Asia, August 2004
"Prospects for Financial Integration in East Asia: The Chiang Mai Initiative and Beyond"(with Yunjong Wang), in China's Role Asia and the World Economy, editied by Jan Joost Teunissen, Fondad, 2004
"Exchange rate regimes in East Asia"(with Takatoshi Ito), in Monetary and Financial Integration in East Asia (Vol 1), edited by Asian Development Bank, Palgrave Macmillan, 2004.
"A Currency Union in East Asia"(with Jong-Wha Lee and Kwanho Shin), in Monetary and Financial Integration in East Asia (Vol 2), edited by Asian Development Bank (Vol 2), pp.139-175. Palgrave Macmillan, 2004
"The Balancing Act of Global Financial Stability"(with Barry Eichengreen), in Financial Times on March 28 2004.
"Towards a Market-Oriented Strategy of Financial Development", in Financial Development and Integration in East Asia, edited by Chung Young Ahn, Takatoshi Ito, M. Kawai, and Yung Chul Park, Korea Institute for International Economic Policy (KIEP), 2003
"Finance and Economic Development in Korea"(with Wonho Song, Yunjong Wang), in Financial Development and Integration in East Asia, edited by Chung Young Ahn, Takatoshi Ito, M. Kawai, and Yung Chul Park, Korea Institute for International Economic Policy (KIEP), September 2003
"Financial Liberalization and Economic Integration in East Asia"(with Kee-Hong Bae), Financial Stability and Growth in Emerging Economies: The Role of the Financial Sector, FONDAD 2003
"In search of a New paradigm of Development for Post-Crisis East Asia", Korea Economic Research Institute (KERI) Major Research Paper 2003-03, March 2003.
"A Post-Crisis Paradigm of Development for East Asia: Governance, Markets, and Institutions", ADBI Research Paper NO.52, January, 2003.
"Does East Asia Need a New Paradigm of Development?", Brookings Trade Forum 2002, edited by Dani Rodrik and Susan M. Collins, pp. 211-226, Brookings, 2003.
"Managing Capital Account Liberalization: The Experiences of Indonesia, Malaysia, Korea, and Thailand" (with Chi-Young Song), Capital Liberalization in Transition Countries, edited by Age F.P. Bakker and Brayan Chapple, pp. 59-84, Edward Elgar, 2003.
"Who Destabilized the Korean Stock Market?" (with Innwon Park) in International Capital Flows in Calm and Turbulent Times, edited by Stephany Griffith-Jones, Ricardo Gottschalk, and Jacques Cailoux, pp. 195-230, The University Michigan Press, 2003.
"IMF Structural Programs: comment", in Economic and Financial Crises in Emerging Market Economies, edited by Martin Feldstein, pp.448-452, NBER The University of Chicago Press, 2003.
"Recovery and Sustainability in East Asia " (with Jong Wha Lee), in Managing Currency Crises in Emerging Markets, edited by Michael P. Dooley and Jeffery A. Frankel, pp. 275-320, NBER, 2003.
"Financial Crisis and Recovery: Patterns of Adjustment in East Asia, 1996-99" (with Jong Wha Lee), ADBI Research Paper No. 45, October 2002.
"A Framework for Exchange Rate Policy in Korea" (with Michael Dooley and Rudi Dornbusch), Korean Crisis and Recovery, editied by David T. Coe and Se Jik Kim, pp. 483-521, IMF/KIEP, 2002.
"Recovery and Sustainability in East Asia " (with Jong Wha Lee), in Korean Crisis and Recovery, edited by David T. Coe and Se Jik Kim, pp.353-396, IMF/KIEP, 2002.
"Toward Creating a Regional Monetary Arrangement in East Asia"(with C. Fred Bergsten), ADBI Research Paper No.50, December 2002.
"Prospects for Financial Integration and Exchanges Rate Policy Cooperation in East Asia", ADBI Research Paper No.48, December 2002.
"Financial Crisis and Recovery: Patterns of Adjustment in East Asia, 1996-99",(with Jong Wha Lee), ADBI Research Paper No.45, October 2002.
"Beyond the Chiang Mai Initiative: Rationale and Need for a Regional Monetary Arrangement in East Asia ", in A Regional Approach to Financial Crisis Prevention: Lesson from Europe and Initiatives in Asia, Latin America and Africa, pp.121-147, FONDAD, July 2002.
"Can East Asia Emulate European Economic Integration?" Korea Institute for International Economic Policy (KIEP), Discussion Paper 02-09, November 2002.
"East Asia’s Experiences with Floating Rates" (with Chi-Young Song), in New Challenges of Crisis Prevention: Addressing Global Economic Imbalances in the North and Boom-Bust Cycles in the South, pp.134-167, FONDAD, 2001.
"Financial Contagion in the East Asia Crisis - With Special Reference to the Republic of Korea" (with Chi-Young Song), International Financial Contagion, edited by Stijn Claessens and Kristin J. Forbes, Kluwer Academic Publishers, May 11, 2001.
"Reform of the International Financial System and Institutions in light of the Asian Financial Crisis"(with Yun Jong Wang), G-24 Discussion Paper Series No.12, United Nations Publication, September 2001.
"Beyond the Chiang Mai Initiative: Rationale and Need for Decision-Making Body and Extended Regional Surveillance under the ASEAN+3 Framework," a paper prepared for ASEAN +3 Deputies meeting, Bangkok, October 22, 2000.
"Ideas on Reforming the International Financial System," in Reforming the international Monetary and Financial System edited by Peter B. Kenen and Alexander K. Swoboda, IMF, Washington, D.C., 2000.
"On Reforming the International Financial System: An East Asian Perspective," in Governance, Equity and Global Markets, ABCDE in Europe, the French Council of Economic Analysis and the World Bank, Paris, 2000.
"Reforming the International Financial System: Prospects for Regional Financial Cooperation in East Asia" (with Yunjong Wang), in Reforming the International financial System: Crisis Prevention and Response, pp. 70-83, FONDAD, Hague, Netherlands, 2000.
"Exchange Rate Policies in Korea: Has Exchange Rate Volatility increased After the Crisis?"(with Chae Shick Chung and Yunjong Wang), KIEP Working Paper 99-33, KIEP, December 30, 1999.
"Flexibility or Nominal Anchors: Exchange Rate Policy in Asia" (with Rudiger Dornbusch), in Exchange Rate Policies in Emerging Asian Countries co-edited with Stefan Collignon and Jean Pisani-Ferry, Routledge, 1999.
"The Financial Crisis in Korea: From Miracle to Meltdown?" The Group of 24 : The Developing Countries in the International Financial System edited by Eduardo Mayobre, Central bank of Venezuela, pp. 137-169, 1999.
"The East Asian Financial Crisis: A Year Later" (with Chi-Young Song), in The Asian Financial Crisis: Origins, Implications, and Solutions edited by William C. Hunter, George G. Kaufman, and Thomas H. Krueger, pp. 207-210, The Federal Reserve Bank of Chicago and IMF, 1999.
"The Banking Reform in Korea: Issues and Challenges," in Strengthening the Banking System in China: Issues and Experience, BIS Policy Papers, No. 7, pp. 263-274, BIS, October 1999.
"Exchange Rate System and Capital Controls in East Asian Emerging Market Economies," in Exchange Rate Regimes in Emerging Market Economies, edited by Yung Chul Park and Yunjong Wang, KIEP, ADBI and CEPII, Tokyo, Japan, December 17-18, 1999. 13
"The Financial Crisis in Korea and Its Lessons for Reform of the International Financial System" in Regulatory and Supervisory Challenges in a New Era of Global Finance edited by Jan Joost Teunissen, FONDAD, The Hague,1998.
"What Have We learned from the Korean Financial Crisis?" in The Asian Crisis edited by Jean-Claude Berthelemy and Tommy Koh, CEPII and Asia-Europe Foundation, 1998.
"Managing Foreign Capital Flows: The Experiences of Korea, Malaysia, Thailand, and Indonesia" (with Chi-Young Song), in International Monetary and Financial Issues for the 1990’s, Research Papers for the Group of Twenty-Four, UNCTAD, 1997.
"Strategies for Rapid Accumulation of Savings, Investment, and Human Capital" (with Jong-Wha Lee), paper presented at IMF seminar on Macroeconomic Adjustment and Growth, Tokyo, Japan, May 1997.
"The Southeast Asian Currency Crisis and the Channels of Contagion," (with Chi-Young Song), paper presented at the conference at the Mitsui Life Financial Research Center, University of Michigan Business School, November 6, 1997, Ann Arbor, Michigan.
"Global Macroeconomic Management and the Developing Countries" (with Sangmoon Hahm), in The International Monetary and Financial System, edited by G.K. Helleiner, Macmillan Press Ltd. And St. Martin’s Press, Inc., 1996.
"Comments on Regionalism, Multilateralism, and Deeper Integration, by Robert Z. Lawrence," Brookings Institution, 1966.
"The Republic of Korea’s Experience with Managing Foreign Capital Flows," in The Tobin Tax: Coping with Financial Volatility, edited by Mahbub ul Haq, Inge Kaul, and Isabelle Grunberg, Oxford University Press, 1996.
"Capital Movements, Real Asset Speculation, and Macroeconomic Adjustment in Korea" (with Won-Am Park), in Capital Controls, Exchange Rate, and Monetary Policy in the Open Economy, edited by Sebastian Edwards, Cambridge University Press, 1995.
"Financial Integration in a Second Best World: Are We Still Sure About Our Classical Prejudices?" (With Rudiger Dornbusch), in Financial Opening; Policy Lessons for Korea (co-edited with Rudiger Dornbusch), Korea Institute of Finance and International Center for Economic Growth, 1995.
"US-Japan Relations and International Institutions After the Cold War: A Korean Perspective," in US-Japan Relations and International Institutions After the Cold War, edited by Peter Gourevitch, Takashi Inoguchi, and Courtney Purrington, University of California-San Diego, The Graduate School of International Relations, 1995.
"Economic Cooperation and Integration in East Asia" (with Ki-Young Chung), in Towards an Asian Economic Area, edited by V.R. Panchamukhi and Rehman Sobhan, Research and Information System for the Non-Aligned and Other Developing Countries and South Center, Geneva, 1995.
"Korea; Development and Structural Change of the Financial System," in The Financial Development of Japan, Korea, and Taiwan: Growth, Repression, and Liberalization, edited by Hugh T. Patrick and Yung Chul Park, Oxford University Press, 1994.
"Concepts and Issues," in The Financial Development of Japan, Korea, and Taiwan: Growth, Repression, and Liberalization, edited by Hugh T. Patrick and Yung Chul Park, Oxford University Press, 1994.
"Korea; Development and Structural Change of the Banking System (with Dong Won Kim), in The Financial Development of Japan, Korea, and Taiwan; Growth, Repression, and Liberalization, edited by Hugh T. Patrick and Yung Chul Park, Oxford University Press, 1994.
"Financial Market Policies During Korea’s Post-War Development," in New Economic Partners: Dynamic Asian Economies and Central and Eastern European Countries, OECD, 1994.
"South Korea: Democratization at Last" (with Sung-Joo Han), in Driven by Growth: Political Change in the Asia-Pacific Region, edited by J.W. Morley, M.E. Sharpe, New York, 1993.
"Capital Movement, Real Asset Speculation, and Macroeconomic Adjustment in South Korea," in Financial Opening: Policy Lessons and Experiences in Developing Countries, edited by Helmut Reisen and Bernard Fischer, OECD Development Center, 1993.
"The role of Finance in Economic Development in South Korea and Taiwan," in Finance and Development: Issues and Experiences, edited by A. Giovannini, center for Economic Policy Research (CEPR), London, U.K., 1992.
"The External Balance of Korea" (with Rudiger Dornbusch), in Structural Adjustment in a Newly Industrialized Country: The Korean Experiences, edited by Vittorio Corbo and Sang-Mok Suh, the Johns Hopkins University Press, 1992.
"Economic Liberalization: Experiences of South Korea and Taiwan," in Foreign Economic Liberalization: Transformations in Socialist and Market Economies, edited by A. Koves and P. Marer, Westview Press, 1991.
"Changing Japanese Trade Patterns and the East Asian NICs" (with Won-Am Park), in US and Japan: Trade and Investment in the 1990s, edited by Paul Krugman, University of Chicago Press, 1991.
"Exchange Rate Policies of East Asian NICs" (with Won-Am Park), in Exchange Rate Policies in Developing and Socialist Countries, edited by E. Classen, International Center for Economic Growth, San Francisco, 1991.
"Macroeconomic Management and Policies in East Asia," in The Pacific Economy: Growth and External Stability, edited by Mohamed Ariff, Allen and Unwin, 1991.
"Lessons from Market Economies (Country Studies); South Korea," in The Transition to a Market Economy, edited by Paul Marer and Salvatore Zecchini, OECD, 1991.
"More Free Trade Areas? A Korean Perspective" (with Jung Ho Yoo), in Free Trade Areas and U.S. Trade Policy, edited by J.J. Shott, Institute for International Economics, Washington, D.C. 1989.
"Structural Change and Development in Pacific Asia," Development Discussion Paper No. 283, Harvard Institute for International Development, Cambridge, MA, 1989, February 1989.
"Meeting World Challenges: U.S. Manufacturing in the 1990's" (with Rudiger Dornbusch and Paul Krugman), Eastman Kodak Company, 1989.
"Trade and Development in Pacific Asia," in One World or Several? edited by L. Emmerij, OECD Development Center, Paris, 1989.
"The US-Japan Economic Relationship and Stability in Pacific Asia," in The Japan Forum on International Affairs, Tokyo, Japan, June 1989.
"Macroeconomic Developments and Prospects in pacific Asia," in World Imbalances: WIDER World economy Group 1989 Report, the WIDER, Helsinki, Finland, June 1989.
"Economic Growth and External Balance Constraint: The Case of Korea," in The Open Economy, edited by Rudiger Dornbusch and F. Leslie C. H. Helmers, The World Bank, 1988.
"Global Welfare Implications of the Emergence of Asian NICs," The Journal of Asiatic Studies, January 1988.
"The Role of the East-Asian NICs in the Global Adjustment Process," in Malente Symposium VII: The International Monetary System and World Economic Development, Malente, Schleswig-Holstein, April 1988.
"Korea-Japan Economic Relations: The U.S. Factor," A paper presented to The Eighth Korea-Japan Intellectual Dialogue, Yong Peyong, May 1988.
"How to Accommodate the East Asian NICs," in The Asian NICs and the Economies of the Developed Countries, Tokyo Club Foundation for Global Studies, Tokyo, Japan, October 1988.
"Financial Liberalization and Prospects for Resource Mobilization in Korea," in Korea in the Year 2000, edited by Han Sung Joo and R.J. Myers, University Press of America: Lanham MD, 1987.
"Financial Repression, Liberalization, and Development in Developing Countries," in The Liberalization Process in Economic Development, edited by L. Krause and K.H. Kim, University of California Press, May 1987.
"Financing of Export-Oriented Growth in Korea" (with W.T. Hong), in Pacific Growth and Financial Interdependence, edited by A.H.H. Tan and B. Kapur, Allen and Unwin: Sydney, London, Boston, 1986.
"Korea’s Experience with External Debt Management," in International Debt and the Developing Countries, edited by G.W. Smith and J.T. Cuddington, The World Bank, 1985.
"Economic Stabilization and Liberalization in Korea, 1980-1984," Monetary Policy in a Changing Financial Environment, proceedings of the seminar commemorating the 35th anniversary of the Bank of Korea, The Bank of Korea, 1985.
"Recent Developments and the Short-term Prospects of the Korean Economy," paper prepared for the International Herald Tribune, July 1985.
"Prospects of the Korean Economy as a Trading Nation," in Korea in the Year 200: Prospects for Development and Changes, edited by Han Sung-Joo, Asiatic Research Center, Korea University, 1985.
"Price Controls and Stabilization Policies in Korea," Korea Economic Case Studies, East-West Center Honolulu, Hawaii, February 1984.
"Government Intervention and Resource Allocation in Korea," Korean Economic Case Studies, East-West Center, Honolulu, Hawaii, February 1984.
"Inflation and Stabilization in Korea, 1960-1980," Inflation in East Asian Countries, Conference Series Number 2, Chung-Hua Institution for Economic Research, Taipei Taiwan, May
"Korea’s Experience with Industrial Transformation in the 1970's," ILO Asian Employment Programme Working Paper, July 1983.
".Financial Institutions and Markets in South Korea" (with Sang-Woo Nam), in Financial Institutions and Markets in the Far East, edited by M.T. Skully, the Macmillan Press Ltd., 1982.
"Demand for Money: A Brief Review of Recent Developments," paper presented to the 14th SEANZA Central Banking Course, SEANZA Lectures, The Monetary Authority of Singapore, October 1982.
"Export-led Development: The Korean Experience, 1960-1978," in Export-led Industrialization and Development, edited by Eddy Lee, Asian Employment Programme, ILO, 1981.
"Export Growth and Balance of Payments in Korea, 1960-1978," in Trade and Growth of the Advanced Developing Countries in the Pacific Basin, edited by W.T. Hong and L.B. Krause, KDI Press, 1981.
"Objectives and Targets of Monetary Policy," paper presented to the 13th SEANZA Central Banking Course, SEANZA Lectures, The Central Bank of Indonesia, October 1980.
"A Study on the Savings Behavior in Korea, 1962-1973" (with Mahn Je Kim), in Planning Model and Macroeconomic Issues, edited by C.K. Kim, Korea Development Institute, Seoul, Korea, 1979.
"Regional Financial Development and Systems in Korea," The Journal of Asiatic Studies, July 1978.
"The Unorganized Money Market in Korea," Domestic Finance Studies, Number 28, Public and Private Finance Division, Development Economics Department, IBRD, August 1976.
"The Effects of Indexation of Financial Contracts and Wages on Inflation in Developing Countries," The Journal of Asiatic Studies, July 1975.