Asian policy makers should be worried if they see a sustained surge in corporate borrowing.
Prof. Shin received his B.A. and M.A. in economics from Seoul National University and his Ph.D. in economics from UCLA. He was Assistant Professor at the University of Kansas for four years and occasionally taught at UCLA, Claremont Graduate University, and Claremont McKenna College as a visiting professor. Prof. Shin was elected as one of the Fifty Future Leaders in Korea by the Seoul Economic Daily in 2010, and a MaeKyung Economist by the Maeil Business Newspaper in 2011. He also served as a council member for the National Economic Advisory Council from 2010 to 2011. Prof. Shin has published widely on the subjects of business cycles, monetary economics, international finance and labor economics in leading academic journals.
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Research shows bigger local bond markets help countries strengthen their financial systems and their economies.