Ju H. Pyun
Korea University
Contact
Address
Loding Complete
Explore Research
New This Week
While substantial empirical research has evaluated the question of whether capital account openness promotes economic growth, this paper finds empirical evidence for cases where the opposite is truethat a policy of capital controls can promote economic growth, when combined with a policy of reserve...
This paper finds that limited exchange rate flexibility in the form of fear of appreciation slows adjustment of current account imbalances, providing a novel perspective on Friedmans conjecture regarding exchange-rate flexibility. We present evidence that countries classified as more flexible have...
Not only are investors biased toward home assets, but when they do invest abroad, they appear to favor countries with returns more correlated with home assets. Often attributed to a preference for familiarity, this correlation puzzle further reduces effective diversification. However, a multi...
Show: results