Research
Working Papers
International Reserve Accumulation: Balancing Private Inflows with Public Outflows
with Bada Han and Dongwook Kim, BOK Working Paper No. 2023-6, IBER Working Paper No. 2023-1
Firm Investment and Bank Credit Reallocation Channel of International Reserves: Evidence from Matched Bank–Firm Data
with Woo Jin Choi and Ju H. Pyun, GRU Working Paper #2020-027
The Effects of Foreign Currency Loan Regulation: Weighing Currency Mismatches against Growth
with Youngju Kim, Hyunjoon Lim, and Minho Nam, draft available upon request
Publications
International Transmission of the U.S. Dollar Liquidity Shock: The Channel of FX Borrowing and Lending, (with Youngju Kim and Hyunjoon Lim), Journal of International Economics, 150, 103907, 2024
International Comovements of Public Debt,(with Hasan Isomitdinov, Vladimir Arčabić, Junsoo Lee, and James E. Payne), Economic Inquiry, 62(2), 2024
Cross-Border Bank Flows through Foreign Branches and the Effect of a Macroprudential Policy, Pacific Economic Review, 27(2), 2022
Does Monetary Policy Affect Bank Lending to Households and Firms Differently?, (with Byoungsoo Cho), Economic Modelling, 109, 105783, 2022
International Spillover of Central Bank Swap Lines - Evidence from the Covid-19 Experience of Korea, Finance Research Letters, 43, 102003, 2021
Reserve Accumulation and Bank Lending: Evidence from Korea, Journal of International Money and Finance, 105C, 102158, 2020
Post-Crisis Changes in the Pattern of Capital Flows - The Case of Korea, Economics Bulletin, 40(1), 2020
(articles in Korean language)
코로나19 충격에 대응한 중앙은행 간 통화스왑의 국내 외환시장 안정 효과, 경제학연구, 69(3), 2021 (2021년도 경제학연구 우수논문상)
Effects of the Central Bank Liquidity Swap on Korean FX Markets - The Case during the COVID-19 Crisis, The Korean Journal of Economic Studies, 69(3), 2021
(English translation of the working paper: BOK Quarterly Bulletin June 2021)
국가부채와 외국인 증권투자자금, 김수명 공저, 금융연구, 2021 (2021 금융연구 우수논문상)
Public Debt and Gross Portfolio Inflows, with S. Kim, Journal of Money and Finance, 35(1), 2021
내외금리차와 자본유출입: 이론 및 실증분석, 박종욱 공저, 경제학연구, 2019
Interest Rate Differential and Capital Flows: A Theory and Empirical Analysis, with J. Park, The Korean Journal of Economic Studies, 67(2), 2019
Other Publications (Policy Reports, Reviews, Invited Columns)
해외투자와 부동산, 그리고 인구구조 변화, 인하대학신문, 2023.2.26
『내외금리차가 외국인 투자자의 국내채권 투자 결정에 미치는 영향』에 대한 논평, 한국경제의 분석, 28(3), 한국금융연구원, 2022.12
중국의 중장기 성장을 제약하는 구조적 리스크 요인에 대한 평가(한채수, 이택민, 김현익, 양준빈 공저), 국제경제리뷰, 한국은행, 2021.12
Post-Crisis Trade Slowdown in Korea and Policy Implications, November 2019
Korean FX Market Trends and Policy Implications, August 2019
Capital Flows and Korea's Monetary Policy Framework, April 2019
외환보유액 축적의 동기와 기회비용, BOK 경제연구 Insight, 2017.12
Impact of Globalization on EME’s Real Economy, August 2017
The Structure of the Korean Economy on the 2007 Input-Output Tables, with Taejun Kim, BOK Quarterly Bulletin, June 2009
Research Grants
National Research Foundation of Korea, 2024-2025
National Research Foundation of Korea, 2023-2024
Inha University New Faculty Research Grant, 2022, 2023
Other Services
Editorial Board Member for the Journal of Economic Theory and Econometrics (JETEM, journal of the Korean Econometric Society)
Panelist for the Economic Discussion (Korean Economic Association)
Referee for: Economics Bulletin, Economic Modelling (×3), Finance Research Letters (×3), International Economic Journal, International Economics, Journal of Economic Surveys, Journal of Economic Theory and Econometrics, KDI Journal of Eonomic Policy, Korean Economic Review, Korean Social Science Journal, Review of International Money and Finance, Seoul Journal of Economics
Invited Seminars and Conferences
2024 KER International Conference (Pyeongchang, June), 거시연구회 (Seoul, May), 한국경제학회 경제학 공동학술대회 (SNU, February)
2023 The 11th Hong Kong Economic Association Biennial Conference (Hong Kong, December), Bank of Korea (July, October), KER International Conference (Yeosu, July), National Dong Hwa University (Taiwan, June)
2022 IEFS-EAER Conference (Seoul, October), 국제금융연구회 (Seoul, September), Korea Economic Association 70th Anniversary International Conference (virtual, June), Korea Money and Finance Association Annual Conference (Seoul, June)
2021 Korea Money and Finance Association Annual Conference (Jeju, June), Spring Meeting of the Japan Society of International Economics (virtual, June), The 13th Asian Research Network Workshop (organized by the BIS & BOK, virtual, January)
2020 National Assembly Budget Office (November)
2019 Yonsei University (December), Korea Money and Finance Association Annual Conference (Busan, June), 한국경제학회 경제학 공동학술대회 (SKKU, February), 국제금융연구회 (Seoul, January)
2018 규제학회 (Seoul, November), Korea University (November), Financial Management Association Meeting (San Diego, October), 거시연구회 (Seoul, October), Korea and the World Economy XVII (Jeju, June, annual conference of the Association of Korean Economic Studies), The 24th International Panel Data Conference (Seoul, June), International Conference on Current Account Balances, Capital Flows, and International Reserves (organized by City University of Hong Kong, BIS, and Osnabruk University, Hong Kong, May), The 11th Asian Research Network Workshop (organized by the BIS & RBNZ, Auckland, March)
2017 Sogang University (October)