External authors

Yung Chul Park

Distinguished Professor, Korea University

Yung Chul Park is a distinguished professor in the division of international studies, Korea University. He previously served as the chief economic adviser to the President of Korea, as president of the Korea Development Institute, and as president of the Korea Institute of Finance. He also worked for the International Monetary Fund. He has written and edited several books including Monetary and Financial Cooperation in East Asia: The Relavance of European Experience (Oxford University Press, 2010).

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External Publication

Deleveraging and global growth

Paper based on the Asia Europe Economic Forum conference of 21-22 January 2013.

By: Jean Pisani-Ferry, Sébastien Jean, Helmut Hauschild, Masahiro Kawai, He Fan and Yung Chul Park Topic: Global economy and trade Date: April 24, 2013
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Asian perceptions on the global economy

By: Yung Chul Park Topic: Global economy and trade, Macroeconomic policy Date: January 22, 2013
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External Publication

Don’t let the euro-area crisis go east

The European Union is committed to strengthening its partnership with China, as demonstrated by the fourteenth EU-China summit, to take place in Beijing on 14 February 2012. The EU will be represented by Herman Van Rompuy, President of the European Council, and by José Manuel Barroso, President of the European Commission. The People's Republic of China will be represented by Prime Minister Wen Jiabao. EU Trade Commissioner Karel De Gucht will also attend. On Thursday 2 February Chinese premier Wen Jiabao signalled intention to move towards helping the euro area extricate from its trouble and declared that China was “investigating and evaluating concrete ways in which it can, via the IMF, get more deeply involved in the European debt problem”. Why is China, and more generally Asia, taking this stance? A new paper by Jean Pisani-Ferry together with European and Asian colleagues from the Asia-Europe Economic Forum (AEEF) discusses the implications of the euro crisis for Asia, reasons for Asia-Europe cooperation in solving it, and obstacles on the way to this cooperation.

By: Agnès Bénassy-Quéré, He Fan, Masahiro Kawai, Tae Joon Kim, Yung Chul Park, Jean Pisani-Ferry, David Vines and Yongding Yu Topic: Global economy and trade Date: February 3, 2012
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Policy Brief

Global imbalances: time for action

Increasing nervousness in world financial markets give new relevance to the long-standing issues of global current account adjustment. It reminds policymakers that this adjustment, if improperly managed, could lead to further drops in assets prices, disruptions in the global trading system, and possible world recession. The authors of this Policy Brief assess how to achieve […]

By: Alan Ahearne, Yung Chul Park, William R. Cline, Jean Pisani-Ferry, Kyung Tae Lee and John Williamson Topic: Global economy and trade Date: February 28, 2007