This research project aims at analyzing, comparing and identifying synergies between EU and Korea macroeconomic policies, financial regulations and internationalization of the financial services industry in the EU and Korea. Four specific areas are covered:
- The EU and Korea crisis response in terms of fiscal policies;
- The EU and Korea crisis response in terms of monetary policies;
- The EU and Korea crisis response in terms of financial policies and bank regulation;
- The potential of internationalization of the financial service industry in the EU and Korea.
- Review and share lessons for implementing successful policies in the areas covered;
- Promote the knowledge and understanding of these policies amongst both EU and Korean audiences;
- Promote debate in the EU and Korea on the specific policy issues to be covered by the project;
- Assess possible cooperation between the EU and Korea on the economic policy issues covered.
The project includes a range of conferences, a publication and press efforts in order to promote mutual understanding between Korea and the EU, both among academics, practitioners, officials, and other experts, as well as among the general public.
Project duration: September 2011 – January 2013
The Korea Institute of Finance (KIF) brings its expertise by shedding light on the challenges and opportunities of Korea’s response to the crisis and the synergies in the internationalization of the financial services industry. The KIF will host the second conference dealing with the crisis response in terms of fiscal, monetary and fiscal policies, which is to be held in Seoul in December 2012 or January 2013.
Project leader:
Zsolt Darvas
Bruegel Research Fellow
Funding organization:
European CommissionEvents
Publications
- Weathering the storm: differences in crisis response in the EU and Korea by Zsolt Darvas (Bruegel)
- Internationalisation of Asian Currencies and the International Monetary System by Chung-Han Kim (Korea Institute of Finance), Shahin Vallée (Bruegel)
- Global financial authorities must adapt to a changed world by Nicolas Véron (Bruegel)
- Development of the mobile payments market in Korea by Jeong Ho Suh (Korea Institute of Finance)
- Green financial innovation to boost private investment by Georg Zachmann (Bruegel)
- Prospects for the yen carry trade by Zsolt Darvas (Bruegel) and Haesik Park (Korea Institute of Finance)
For all publications, you can consult the section EU-Korea monitor on our blog.