Hoovering up the foreign exchange, by Marcus Noland

February 6th, 2012

by Marcus Noland | February 6th, 2012 | 06:42 am Last month we discussed attempts by the North Korean government to suck foreign exchange deposits into the banking system and the evasive strategies adopted by enterprises to limit their exposures. More recent reporting by the Daily NK and Good Friends suggests that this pressure has

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About the Author

Marcus Noland

Noland was educated at Swarthmore College (BA) and the Johns Hopkins University (PhD). He is currently a senior fellow at the Peterson Institute for International Economics and at the East-West Center. He was previously a senior economist at the Council of Economic Advisers in the Executive Office of the President of the United States. He has held research or teaching positions at Yale University, the Johns Hopkins University, the University of Southern California, Tokyo University, Saitama University (now the National Graduate Institute for Policy Studies), the University of Ghana, the Korea Development Institute, and the East-West Center. He has received fellowships sponsored by the Japan Society for the Promotion of Science, the Council on Foreign Relations, the Council for the International Exchange of Scholars, and the Pohang Iron and Steel Corporation (POSCO).

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