Based on theoretical and empirical research results from uniquely designed analysis frameworks, KCMI
Research Papers draw out implications as well as policy directions for Korea’s financial industry and markets.
115 Results
This study examines the financial challenges that may arise as Korea transitions to an aging economy and discusses institutional and policy responses for each of the major asset classes held by older households. Korea's aging population is p...
This study aims to predict corporate failures in the Korean stock market. In particular, it seeks to design an effective early warning model that forecasts delisting prior to trading suspensions. To achieve this, the model incorporates not only quant...
According to the life-cycle hypothesis, elderly households use their wealth to sustain consumption as their income declines in retirement. They save during their working years and use up accumulated assets in old age, flattening the marginal utility
The future of South Korea is expected to be an era where one working-age individual supports one elderly person. Population aging will impact the economy in various ways, including changes in household asset ownership and composition. Classical econo...