PUBLICATIONS
"Effects of the Introduction of Central Bank Digital Currency on Banking Industry and Macroeconomics," with Byoungho Choi and Kee-Youn Kang, Economic Analysis, December 2022, Volume 28, Issue 4, pp 119-170.
"The Central Bank Independence and the Expected Path of Interest Rate Change," with Byoungho Choi and Kee-Youn Kang, Journal of CEO and Management Studies, October 2022, Volume 25, Issue 3, pp 193-209.
"On the Incompatibility Between the Pareto Principle and the Separability Principle," Korean Journal of Public Finance, August 2022, Volume 15, Issue 3, pp 37-64.
"Adverse Selection and Costly Information Acquisition in Asset Markets," with Kee Youn Kang, December 2021, Volume 97, The Journal of Mathematical Economics.
"The Pareto Principle and Resource Egalitarianism," Mathematical Social Sciences, January 2017, Volume 85, pp 23-29.
"Priority, Solidarity and Egalitarianism," with Y. Chun and B. Ju, Social Choice and Welfare, October 2014, Volume 43, Issue 3, pp 577-589.
WORKING PAPERS
"Dynamic Adverse Selection and Belief Update in Credit Markets," with Kee Youn Kang, Journal of Financial and Quantitative Analysis, accepted
"Optimal Information Disclosure in Credit Markets: Default History & Transaction History," with Kee-Youn Kang
"Priority and Egalitarian Allocation in the Capability Approach," with Biung-Ghi Ju
"Spread, Haircut, and Collateral Quality: Theory and Evidence," with Sangyup Choi, Kee-Youn Kang, and Hyunpyung Kim (draft coming soon)
WORK IN PROGRESS
"Leadership through reciprocity and temptation,"
"On the Loss of Efficiency from Inequality," with Junnan He