Rhee, Changyong
Mr. Rhee is the chief spokesperson for ADB on economic forecasts and trends, and oversees the Economics and Research Department (ERD). ERD undertakes economics and policy research and capacity building, supports ADB operations, and networks with the international research community. ERD produces ADB's flagship publication, the annual Asian Development Outlook, which forecasts economic trends in the region. A national of the Republic of Korea, Mr. Rhee has over 20 years professional experience in the government and academia, most recently as Secretary General and Sherpa of the Presidential Committee for the G-20 Summit. Mr. Rhee has a Ph.D. in Economics from Harvard University.
-
Manufacturing Matters… But It’s the Jobs That CountFindings in this paper suggest that the path to prosperity through industrialization may have become more difficult, and industrialization in employment has been more important for eventual prosperity than industrialization in output.
-
Отчет Правительству Республики Казахстан: Политика диверсификации промышленного комплекса и сектора услуг в Азиатском регионе в 21 векеЭкономика Казахстана с момента обретения независимости в 1991 году демонстрирует очень хорошие результаты, доход на душу населения приблизился к $13 000. Столь высокие показатели экономики явились результатом реализации рациональных макроэкономических политик и благоприятного инвестиционного климата. Однако экономика Казахстана сохраняет значительную зависимость от нефти, и эта зависимость растет. В 2000 году объем экспорта нефти составлял 50% от всего объема экспорта, а в 2010 году - 61%.
-
Report to the Government of Kazakhstan: Policies for Industrial and Service Diversification in Asia in the 21st CenturyIn 2011, the Government of Kazakhstan requested policy advice from the Asian Development Bank (ADB) on how to further diversify the economy and on how to modernize its industrial policy.
-
Effects of Quantitative Easing on Asia: Capital Flows and Financial MarketsBy examining capital flows and financial markets, this paper finds that Asian countries were affected by the United States’ quantitative easing either through domestic currency appreciation or an increase in housing prices.
-
A Practical Approach to International Monetary System Reform: Building Settlement Infrastructure for Regional CurrenciesThe global financial crisis has once again stimulated discussions to reform the international financial architecture. This paper proposes that establishment of regional settlement currencies can contribute positively to this reform agenda.
-
Capital Controls: A Pragmatic ProposalThis paper proposes a pragmatic approach to the use of capital controls, which leverages the Group of 20's indicative guidelines in measuring excessive imbalances to simplify the IMF’s guidelines on the use of capital controls.
-
A ZEN Approach to Post-2015: Addressing the Range of Perspectives Across Asia and the PacificThe paper aims to present the key challenges being faced by the Asia and Pacific region as a number of its developing economies graduate from a low-income status to middle-income status.
-
Ending "Too Big To Fail": Government Promises versus Investor PerceptionsAnalysis of the 1997–1999 crisis in the Republic of Korea suggests that despite a “no bailout” policy, chaebols could still issue bonds at prices implying very low expected default risk.
-
Lessons from the 1997 and the 2008 Crises in the Republic of KoreaBased on the experiences of the Republic of Korea during the 1997 and 2008 financial crises, this paper documents the lessons learned and identifies several important policy issues that might have regional implications for Asia.
-
Debt Management Analysis of Nepal's Public DebtThis paper estimates an optimal target portfolio of sovereign debt for Nepal that minimizes long-term financing cost. In the analysis, a practical framework is applied, which is built upon the traditional mean-variance efficient frontier approach and simultaneously employs a relatively new concept of cost-at-risk (CaR). The framework is flexible enough to incorporate other factors such as liquidity risk. Simulation results show that the Nepali economy needs to increase longer-term domestic borrowing instruments, and that the maturity structure of domestic bonds should be simplified.