Stock market is overvalued. Normalization leads to a correction in the stock market in the United States without actually having any notable crossborder liabilities. Even though starting from that is a growing nonbank to nonbank transactions. So why is this a problem . Korea is one of the six countries that is part of advanced economies identified by the financial openness index is having open current accounts but does not have a convertible currency. Thats a problem. Relatively large relatively advanced Financial Market opened but does not have the current account surplus. The one is not internationalize it all. We have to rely hundred percent on the reserves in the Exchange Rate. And given the magnitude of the amount of capitol flow or stock changes ive just shown you once they shift in sentiment you essentially have. Even during the Global Financial crisis the ims if i remember correctly were saying that the career reserves was too high the fundamentals. And if found painfully for t
A little bit hard at times to follow. But then again as a package it made sense. It made sense. Thank you very much. [applause] all right. I would like to thank you all for being here. Two excellent presentations. I would also like to thank our two questioners which sets the stage. Its 1st of them i i dont know that i could introduce you any better than the ambassador did. I will try to be brief. He can give more detail there. To my immediate left a resident scholar at the American Enterprise institute where he studies Asia Economic institutes and trends and particularly focuses on the chinese economies and us economic relations. Before before joining aei he was the Senior Research fellow in the Asian Studies center at the heritage foundation. Senior fellow at the Brookings Center for east asia policy studies. Dr. s. Doctor sublease is an expert in japans economic policies and analyzes. Her analysis includes consideration of whether Free Trade Agreements can be an effective tool templa
The question. From the whole agreement two years ago the west provided to pay for the afghans but the absence of bilateral security really jeopardize is that. Cars i has gone off on his own strange journey again. And i get the sense that the Obama Administration is almost exasperated by this it is not prepared to make any commitment beyond 2014. From my experience working in afghanistan i dont think that afghan army is yet ready to take complete control of security. They do a lot of good work at the moment because were helping them to provide the helicopters, intelligence but without that public eye can see the whole thing falling apart very quickly just after they withdrew in 89 and i covered that. So long history of involvement with this part of the world. Final question regarding the British Defense counsel what is your view of the handling of the British Defense spending . Do you think it is significantly undercut through this late latest wave over the last couple of years . There
Discusses the implications of that finding, leads a discussion on how scientists search for truth can and how that search isnt always straightforward. This hour, 20minute event is next on booktv. It is exciting to see a full room for an evening called cosmic anomalies. [laughter] the good news with a topic like this is, you know, if you think you dont know the answers of science, neither does anybody here on the panel. [laughter] so were all on a level playing ground here. But we have its, this is a very fun group for me to be with because theyre people who i either talk to or want to talk to, and now i get a chance to spend a whole evening with them, and you get to eavesdrop in on this. Constantine ca chi chris, did i do it right . I think so, yeah. Im a we have a good ethnic group of names here on the panel. Constantine is a bernard l. Schwartz fellow at the new America Foundation and sort of the genesis of this evening because he has a new book out. I think youre the only person on
Transcripts For CSPAN U 20110705 archive.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archive.org Daily Mail and Mail on Sunday newspapers.