Dongchul Cho is Chief Economist at the Korea Development Institute (KDI) and Professor at the KDI School of Public Policy and Management. He is also serving as a member of National Economic Advisory Council to the President. Before he joined the KDI in 1995, Dr. Cho was Professor of Economics at Texas A&M University. He graduated from Seoul National University and holds a PhD in Economics from the University of Wisconsin-Madison. His major areas of interest are macroeconomics and international finance.

• Part I: Growth and Convergence 1. Industrialization, Convergence, and Patterns of Growth 2. The Other Side of Conditional Convergence 3. An Alternative Interpretation of Conditional Convergence Results Part II: Exchange Rate and Asian Crisis 4. The Predictive Ability of Alternative Models of Exchange Rate Volatility 5. Liberalization of Capital Flows in Korea: Big-Bang or Gradualism 6. Currency Crisis of Korea: Internal Weakness or External Interdependence 7. Interest Rates and Exchange Rates in the Korean, Philippine and Thai Exchange Rate Crises Part III: Global Crisis 8. House Prices in ASEAN+3: Recent Trends and Inter-Dependence 9. Crisis and Employment: the Case of Korea 10. Aggregate Demand Gap based on a Simple Structural VAR Model 11. Policy Reports for the G20 Summit Meetings Part IV: Crises and Recoveries of the Korean Economy 12. Korea’s Stabilization Policies in the 1980s 13. Overcoming the 1997-98 Crisis: Macroeconomic Policy Adjustments 14. The Monetary Policy Response to the Crisis 15. Responses of the Korean Economy to the Global Crisis: Another Currency Crisis?

Dongchul Cho is Chief Economist at the Korea Development Institute (KDI) and Professor at the KDI School of Public Policy and Management. He is also serving as a member of National Economic Advisory Council to the President. Before he joined the KDI in 1995, Dr. Cho was Professor of Economics at Texas A&M University. He graduated from Seoul National University and holds a PhD in Economics from the University of Wisconsin-Madison. His major areas of interest are macroeconomics and international finance.

• Part I: Growth and Convergence 1. Industrialization, Convergence, and Patterns of Growth 2. The Other Side of Conditional Convergence 3. An Alternative Interpretation of Conditional Convergence Results Part II: Exchange Rate and Asian Crisis 4. The Predictive Ability of Alternative Models of Exchange Rate Volatility 5. Liberalization of Capital Flows in Korea: Big-Bang or Gradualism 6. Currency Crisis of Korea: Internal Weakness or External Interdependence 7. Interest Rates and Exchange Rates in the Korean, Philippine and Thai Exchange Rate Crises Part III: Global Crisis 8. House Prices in ASEAN+3: Recent Trends and Inter-Dependence 9. Crisis and Employment: the Case of Korea 10. Aggregate Demand Gap based on a Simple Structural VAR Model 11. Policy Reports for the G20 Summit Meetings Part IV: Crises and Recoveries of the Korean Economy 12. Korea’s Stabilization Policies in the 1980s 13. Overcoming the 1997-98 Crisis: Macroeconomic Policy Adjustments 14. The Monetary Policy Response to the Crisis 15. Responses of the Korean Economy to the Global Crisis: Another Currency Crisis?

Dongchul Cho is Chief Economist at the Korea Development Institute (KDI) and Professor at the KDI School of Public Policy and Management. He is also serving as a member of National Economic Advisory Council to the President. Before he joined the KDI in 1995, Dr. Cho was Professor of Economics at Texas A&M University. He graduated from Seoul National University and holds a PhD in Economics from the University of Wisconsin-Madison. His major areas of interest are macroeconomics and international finance.

• Part I: Growth and Convergence 1. Industrialization, Convergence, and Patterns of Growth 2. The Other Side of Conditional Convergence 3. An Alternative Interpretation of Conditional Convergence Results Part II: Exchange Rate and Asian Crisis 4. The Predictive Ability of Alternative Models of Exchange Rate Volatility 5. Liberalization of Capital Flows in Korea: Big-Bang or Gradualism 6. Currency Crisis of Korea: Internal Weakness or External Interdependence 7. Interest Rates and Exchange Rates in the Korean, Philippine and Thai Exchange Rate Crises Part III: Global Crisis 8. House Prices in ASEAN+3: Recent Trends and Inter-Dependence 9. Crisis and Employment: the Case of Korea 10. Aggregate Demand Gap based on a Simple Structural VAR Model 11. Policy Reports for the G20 Summit Meetings Part IV: Crises and Recoveries of the Korean Economy 12. Korea’s Stabilization Policies in the 1980s 13. Overcoming the 1997-98 Crisis: Macroeconomic Policy Adjustments 14. The Monetary Policy Response to the Crisis 15. Responses of the Korean Economy to the Global Crisis: Another Currency Crisis?