Vol. XXI, No. 3, December, 2005


Call for Papers Research Institute KAEA Election KAEA Conferences and Meetings
KIF/KAEA/KAFA KDI/KAEA BOK/KAEA HSF/KAEA Director of KAEARI Election Results ASSA/KAEA BOK & KIF

 
Call for Papers
KIF/KAEA/KAFA Joint Seminar

The KAEA will hold a joint seminar with the KIF and the KAFA at the end of May, 2006. Papers on financial intermediaries, particularly papers related to Korean financial intermediaries or papers attractive to Korean researchers and practitioners, are welcome. Each selected paper presenter will receive travel support of 2,000,000 Korean won. More detailed information on submission deadline and where to submit will be announced in the January 2006 newsletter.

KDI/KAEA Joint Conference

The KAEA invites manuscripts for the 2006 KDI-KAEA joint conference to be held in early August. The conference seeks research papers on (1) analysis of structure change of the Korean economy after the crisis of 1997 and policy implication, (2) changing socio-economic environments and policy direction, and (3) other macroeconomic topics related to Korea. Each paper selected for presentation will receive travel support of 1,500,000 Korean won. Additional 1,500,000 won will be given to each paper selected for publication in the KDI Journal. More detailed information on submission deadline and where to submit will be announced in the January 2006 newsletter.

BOK/KAEA Joint Conference
Submission Deadline: April 10, 2006

The Institute of Monetary and Economic Research at the Bank of Korea and the KAEA will hold a joint conference in early August, 2006. Both empirical and theoretical papers on money and banking are welcome. The deadline for submission is April 10, 2006. Only completed papers will be considered. Three papers will be selected for the conference and the selected paper presenters will receive financial support of around $6,000 each. More detailed information will be announced in the January 2006 newsletter.

HSF/KAEA Joint Conference
Submission Deadline: April 25, 2006

The Hanns Seidel Foundation Seoul Office and the KAEA will hold a joint conference in late May 2006. Both academic and policy oriented papers on North Korean economy and business are welcome. Only completed papers will be considered.

Completed papers should be submitted by e-mail to: Suk Hi Kim, University of Detroit Mercy, e-mail: kimsuk@udmercy.edu

1. Number of papers selected: Three.
2. Selected papers must be presented in English.
3. Compensation per paper: 300,000 won in harmonium, plus a minimum of 800,000 won to a maximum of 1.2 million won in airfare subsidies.
4. Place: Graduate School of Public Administration of Seoul National University.
5. Selected paper presenters will be allowed to present and/or publish the same paper in Korea or anywhere else in the world.

 
Director of KAEA Research Institute
Nomination of Director of KAEA Research Institute
Accroding to the ByLaws, the advisory Board appoints the Director of the KAEA Research Institute. The chair of the Board, Professor John Riew, made the following announcement: "We, of the Advisory Board, hereby inform you and your colleagues of the Executive Committee that the Board, by its unanimous decision, has appointed Professor Semoon Chang as our next director of KAEA Research Institute. Professor Chang initially seemed hesitant but I am happy that I was able to prevail. He agreed to serve as the director during the coming two years, beginning in January 2006. We appreciate his willingness to serve us again, after his recent two-year tenure in the Advisory Board, now presiding over the difficult task of the institute."

 
Election Results
Election Results

Professors Bong Joon Yoon and Yong Jin Kim, tellers of the 2005 election, counted votes on December 19 and reported the results to Professor Hak Youn Kim, Vice President of the KAEA. He made the following official announcements:

President-Elect (2006):   Yong H. Kim
      Vote count: Yong H. Kim (57), Joon Y. Park (54)
Vice President:   Kang Hoon Park (vote count: 100)
Treasurer:          Bang Nam Jeon (vote count: 101)
Advisory Board:   Soo Bin Park (vote count: 101)

Congratulations to All !!!!

 
ASSA-KAEA Annual Meeting
January 6-8, 2006

2006 ASSA-KAEA Annual Meeting
Preliminary Program

The preliminary program of the 2006 Annual Meeting in Boston is posted at ASSA/KAEA Program.

Papers to be presented at the meeting

Barry Eichengreen, University of California-Berkeley, and Hui Tong, Bank of England, "The Impact of China's Growth and the Exports and FDI of Other Asian Countries"
Joon-Kyung Kim, Korea Development Institute, Yangseon Kim, East-West Center, and Chung H. Lee, University of Hawaii, Manoa, "Trade, Investment, and Economic Integration between South Korea and China: A Step toward East Asian Regionalism"

Kyungchul Kevin Song, University of Pennsylvania, "Testing Conditional Independence Using Conditional Martingale Transforms"
Sokbae Simon Lee, University College London, "Identification of a Competing Risks Model with Unknown Transformations of Latent Failure Times"
Minjae Song, Georgia Institutes of Technology, "The Quality Adjusted Price Index and Consumer Heterogeneity"

Woochan Kim, KDI School of Public Policy, and Taeyoon Sung, KAIST Graduate School of Management, "What Makes Group-Affiliated Firms Go Public?"
Kwang Soo Cheong, Johns Hopkins University, and Keun Lee, Seoul National University, "Behavioral Characteristics of Business Group Firms: A Formal Model and Empirical Investigation"
Heung-Joo Cha, University of St. Thomas, and Jaebeom Kim, University of St. Thomas, "Short and Long Run Dynamic Relations between Security Returns and Mutual Fund Flows: a System Approach"

Sei Wan Kim, Ewha University, "Another Look at Long-Horizon Stock Returns: Evidence from the G-7 Stock Markets"
Jee-Hyeong Park, Seoul National University, "Trigger Strategies in Repeated Games with Imperfect Private Monitoring"
Yoonbai Kim, University of Kentucky, "Characterizing Exchange Rate Policy in East Asia: A Reconsideration"
HyeYoon Chung, George Mason University, "Playing Hopes at Seven Eleven"

 
BOK & KIF Conferences

2005 Conferences with BOK and KIF
Prersident's Report

Both KAEA/KIF and KAEA/BOK conferences went very well. There were four papers of our members for KIF and three of our members for BOK meetings.

KAEA/KIF Conference (December 16, 2005): For the next year conference with KIF, I agreed with KIF and KAFA (represented by President Bong Soo Lee) that it will be held at the end of May. So the joint conference continues. I thank Professor Bong Soo Lee for making it possible. The topic will be initially broad enough to include many submissions from the members: it is roughly "Role of Financial Intermediaries". The announcement will be shortly requested and made say at the end of December, since we need leading time period. For the future joint cooperation with KIF, they prefer the topics attractive enough for the Korean researchers and practitioners such as new trend and new frontiers of financial economics. (Last time "Behavioral Finance" was well received). Another expansion to ponder was a research project concept (now we do with BOK) that was explained and suggested as an alternative by Professor Bong Soo Lee. However, President Heungsik Choe was cautious in it stating that the budget must be considered.

KAEA/BOK Seminar (December 19, 2005): Governor Dr. Seung Park welcomed our members with his speech. President Dr. Hae-Wang Chung of the Institute for Monetary and Economic Research expressed his continued support for the KAEA/BOK Seminar. Next year's seminar will take place in August, 2006.

So in summary both conferences were successful ones and continue into next year.