Institute of Finance "must be united against expanding foreign exchange reserves."

[South Korea's Choice Financial newspaper reporter] was alleged that the need to free up enough reserves against the possibility of unification.

Bakhaesik Korea Institute of Finance, Senior Research Fellow 19 days 'reunification must be prepared for the possibility imminent during financial market instability "in the Report on the' reunification impending time in our country departure abroad of foreign investment funds en masse and cause the situation to be the financial markets largely unstable there can be "stressed he said Tuesday.

The report pointed out that greater economic uncertainty in the process of unification in progress on the basis of the German reunification in 1990 cases.

Bakhaesik Senior Research Fellow, the 'economic gap is about 38 North and South Korea up to the ship is more severe since more unified Germany and the expected long-term growth slowing' said 'to prevent and financial markets stabilize the foreign exchange shortages that can occur when reunification is imminent in advance foreign exchange reserves, it is necessary to ensure a sufficient level of foreign currency liquidity, including through a 'second line reserves, to plan, he said.

The economic gap between the North and South came relieve the opinion that to reduce the possibility of leaving foreign investment funds. The bakhaesin is Senior Research Fellow jipeot as "an important project to support the economic recovery of the previously unified Korea.

South Korea's foreign exchange reserves of the end of January, according to the Bank of Korea amounted to $ 374.04 billion. "The second line reserves' are like the Chiang Mai Initiative (CMIM) and the regional financial safety net bilateral currency swap.

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