1. Introduction
   - Joo-Ha Nam

2. The Marginal Productivity of Capital and Real interest Rate : International Comparisons
   - Joo-Ha Nam

3. Appropriate Monetary and Fiscal Polices For Capital Market Opening in South Korea
   - Sung Y. Kwack & Soo-Hee Lee

4. Korea's High Interest Rates and Interest Rate Policies
   - Won-Am Park

5. A study on the linkage between the world and Korean domestic interest rates
   - Doo-Yull Choi

6. Is Fiscal Policy Responsible for High Interest Rates in Korea? -New Evidences and Some Policy Suggestions-
   - Kwan-Young Kim

7. Improving Banks' Productivity and Stabilizing Interest Rates
   - Jeeman Jung

8. Non-Performing Loans and the Cost of Financial Intermediation
   - Chanil Park

9. A study on improvement of flows and employment of funds in the firm and banking sector.
   - Joon-Seok Suh

10. Monetary Policy in Korea and Its Reform
   - Jang-Ok Cho

11. Reducing and Stabilizing the Interest Rate by Improving the Function of the Bond Market
   - Jung Bum Wee

12. A Study on the Governance Structure of Korean Banks
   - Taehong Jinn