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Tuesday, January 19, 2010

N. KOREA: Monitoring the effects of last month's currency re-denomination and foreign currency ban

Jan. 19, 2010 3:14 PM EST

By Choe Sang-Hun

Experts on the North Korean economy are closely monitoring the effects of last month's currency re-denomination and foreign currency ban, which have profound implications for the DPRK's political economy going forward. The most thorough study to emerge so far is "The Winter of their Discontent: Pyongyang Attacks the Market" by Marcus Noland (Peterson Institute for International Economics) and Stephan Haggard (UC San Diego). —John Delury, associate director of the Asia Society’s Center on U.S.-China Relations.

View Article in The New York Times

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