President Hong Y. Park appointed professors Chong Soo Pyun (chair), Soo Bin Park and Kwan Suk Kim to serve as 2004 Nominating Committee members. The committee nominated the following members for the 2005 executive committee:

• President-elect:   Suk Hi Kim - University of Detroit Mercy (1994(VP))
• Vice President:    Hak Youn Kim - Western Kentucky University
• Secretary General:   Sunghyun Henry Kim - Tufts University
• Treasurer:          Inhyuck Steve Ha - Western Carolina University

The Advisory Board nominates Professor Yung Y. Yang at California State University - Sacramento to serve for the period of 2005-2007. If elected, he will replace Professor Semoon Chang who has served for the last two years.

updated on October 7.

Presenters in the KAEA session of the SEA meeting (November 21-23, New Orleans) are

The preliminary program for the ASSA/KAEA meeting is posted at ASSA/KAEA Program.

As announced earlier, the KIF-KAEA Joint Conference has been postponed to mid-December. The conference will be organized with banking-related topics this time. Papers on banking, either empirical, theoretical, or policy-oriented, are welcome. Preference will be given to papers on Korean banking or foreign banking from which implications for Korean banking can be drawn.

Submission: Submit your completed paper with an abstract of 200-400 words by e-mail with file attachment to Vice President, Professor Kang Hoon Park, khpark@semo.edu. Only completed papers will be accepted. The paper should be an original paper which has not been presented or published somewhere else. Submitted papers will be reviewed by the referees selected by the KIF, and maximum 4 papers will be selected for the seminar. To be selected in the program, the KAEA annual membership fee has to be paid for year 2003 and 2004.

Submission deadline: September 30, 2004

Notification of the selection of the papers will be made by October 25, 2004

Conference date and location: December 17, 2004 at the KIF Conference Room.

Travel support: Each paper selected will receive 2,000,000 won for travel expenses and honorarium.

The second KDI-KAEA conference on "Current Economic Issues of Korea" was held on August 10, 2004, Seoul, Korea. Six KAEA members each presented a paper and Professor Hae-Shin Hwang chaired one session. The KDI-KAEA conference continues to be a successful conference in terms of the quality of papers and discussions (reported by Hong Y. Park, the President).

The first KAEA/BOK sponsored seminar on "Issues of The Korean Economy: Expansion of Growth Potential and Advancement of Korean Financial System" was held at the Bank of Korea on August 11, 2004. The seminar was very successful in paper quality, audiences and format. The seminar was a true sense of co-sponsorship of KAEA and BOK. We hope that the KAEA and BOK continue to build on this great beginning. The president of the KAEA delivered his opening remarks and the governor of the BOK welcomed the seminar participants and addressed the participants on the issues of the Korean economy (reported by Hong Y. Park, the President).

The 11^th biannual KAEA/KEA international economics conference was held on August 12-13, 2004 at Yonsei University. Twenty-two KAEA members presented papers, two members (Kwan-suk Kim and Kyoo Hong Kim) participated in plenary sessions as discussants and the president of the KAEA made opening remarks, along with the President of KEA. The main theme of the conference was "The Future and Challenges of the Korean Economy: Measures mto Strengthen National and Corporate Competitiveness." Papers presented at the conference are high quality. The KAEA acknowledges the KEA President for his earlier commitment to sponsor this conference which enabled members to write and present meaningful papers in a timely manner (reported by Hong Y. Park, the President).

The list of KAEA members who presented papers are as follows:
 

Youngback Choi: Path Dependence and the Korean Alphabet

Semoon Chang: Export Patterns by Level of Technology between Korea and China: An Exploration

Yoonbai Kim: Exchange Rate Targeting and Economic Stabilization: An Empirical Exploration (with James Fackler and Larry Filer)

Bongsoo Lee: Time-Series Behavior of Share Repurchases and Dividends ( with Oliver Meng Rui)

Yong J. Yoon: Revealed Preferences, Subjective Utility, and Rationality in Politics (with James Buchanan)

Yongil Jeon: Foreign and Domestic Bank Performances: An Ideal Dynamic Decomposition of Industry Dynamics

Benjamin J.C. Kim: Estimating Nonlinear U.S. Money Demand

Hae-shin Hwang: Asymmetric and Leptokurtic Distribution Functions in Financial Data Analysis (with Pilsun Choi)

Bong Joon Yoon: Religiosity, Economics and Life Satisfaction (with Kenneth V. Greene)

Young-Sook Lee: Revisiting the Martingale Hypothesis of Exchange Rate

Tae-Hwan Kim: An Unbiased Test of a Change in Persistence

In-Uck Park: The Market for Liars: Reputation and Auditor Honesty (with Andrew McLennan)

Chong Soo Pyun: Random Walk in Emerging Stock Markets Revisited: Evidence from New Variance Ratio Tests

Hong Y. Park: The Grand Unified Theory of the Firm and Corporate Strategy: Measures to Build Corporate Competitiveness (with Geon-Cheol Shin)

Yeomin Yoon: Enhancing Efficiency of Government Budget and Fiscal Policy (with Robert W. McGee)

Kilman Shin: The Efficiency of the Asian and US Stock Markets

Sung Hyun Kim: Dynamics of Business Cycles in Korea: The Role of External Shocks (with Hyungdo Ahn)

Kang Hoon Park: Performance of Korean Banks and Implication for Regulatory Reforms

Kwan Suk Kim: Possibilities and Challenges for Financial Integration in East Asia: Lessons from Comparative Regional Perspective (with Seok_Hyeon Kim)

Jay Pil Choi: Patent Pools and Cross-Licensing in the Shadow of Patent Litigation

Bong Soo Lee:Bank-based and Market-based Financial System: A Political Economy Approach

Jaejoon Woo: Social Polarization, Fiscal Instability and Growth

Some of you may have received the information about a finance conference in Germany. In case you haven't, here it is.

The WHU Otto Beisheim Graduate School of Management in Koblenz, one of Germany's most acclaimed Business Schools, is organising the finance conference "Campus for Finance" for the fifth time in January 2005. As the first Call for Paper organised on the occasion of the fourth Campus for Finance in January this year met with very good response, we would like to renew this success.

Papers can be submitted to us as from now. The topics of the papers should in some respect be related to the topic of the next conference which will be "Options and Futures - How Derivatives Shape Corporate Risk Management".

At the conference, we are again expecting renowned academic and corporate speakers: Prof. John Hull (University of Toronto), Prof. Salih Neftci (City University of New York), Prof. Hans Stoll (Vanderbilt University), Prof. Guenter Franke (University of Konstanz) and Dr. Wilmott, Prof. Otmar Issing (Member of the Executive Board of the ECB). We are very hopeful to be able to announce further acclaimed speakers in the next few weeks on which we will inform you in due time.

Please refer to the attached document for further information about the call for papers. We would be grateful if you could forward this information to all people who might be interested in submitting their paper or in taking part in our conference. Please do not hesitate to contact me under Johannes.Messing@whu.edu if you have any further questions regarding the Call for Papers or the conference.

The CIBER Research Institute has the following academic conferences scheduled:

October 4-8, 2004 - IBER Conference (business & economics) and TLC Conference (teaching methods, styles, and administration) at the Monte Carlo Casino in Las Vegas USA.

January 3-7, 2005 - ABR Conference (business & economics) and TLC Conference (teaching methods, styles, and administration) at the Disney Boardwalk Hotel in Disney World, Florida.

March 14-18, 2005 - ABR Conference (business & economics) and TLC Conference (teaching methods, styles, and administration) at the Marriott Resort in Puerto Vallarta, Mexico.

June 13-17, 2005 - EABR Conference (business & economics) and TLC Conference (teaching methods, styles, and administration) in Athens, Greece. These dates are not fixed.

June 20-22, 2005 - EABR Conference (business & economics) and TLC Conference (teaching methods, styles, and administration) on Santorini (one of the Greek Islands). These dates are not fixed.

For additional details on these conferences, please visit www.CIBERinstitute.org/conferencesMain.htm or send an email to Staff@CIBERinstitute.org.