PUBLICATIONS
PUBLICATIONS
"Dynamic Adverse Selection and Belief Update in Credit Markets," with Kee Youn Kang, Journal of Financial and Quantitative Analysis, forthcoming.
"The Use of Financial Information for Budget Cuts under Unprecedented Fiscal Pressure," with Bong Hwan Kim and Jun Hyun Yun, Hitotsubashi Journal of Economics, forthcoming
"Priority and Egalitarian Allocation in the Capability Approach," with Biung-Ghi Ju, Games and Economic Behavior, Volume 150, March 2025, Pages 469-479.
"Adverse Selection and Costly Information Acquisition in Asset Markets," with Kee Youn Kang, Journal of Mathematical Economics, December 2021, Volume 97.
"The Pareto Principle and Resource Egalitarianism," Mathematical Social Sciences, January 2017, Volume 85, pp 23-29.
"Priority, Solidarity and Egalitarianism," with Youngsub Chun and Biung-Ghi Ju, Social Choice and Welfare, October 2014, Volume 43, Issue 3, pp 577-589.
PUBLICATIONS IN KOREAN
"CBDC Policy Direction and Strategies: Focusing on the Financial and Institutional Sectors," with Sung-Yu Lee, Journal of CEO and Management Studies, August 2024, Volume 27, Issue 3, pp 279-300.
"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.
WORKING PAPERS
"Optimal Credit History Disclosure: What Should Be Disclosed?," with Kee-Youn Kang
"Haircut, Interest Rate, and Collateral Quality in the Tri-Party Repo Market: Evidence and Theory," with Sangyup Choi, Kee-Youn Kang, and Hyunpyung Kim
WORK IN PROGRESS
"Leadership through reciprocity and temptation"
"On the Loss of Efficiency from Inequality," with Junnan He