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The recent global financial crisis has been marked by prolonged deep recessions in advanced countries. Academic researchers and policy makers have devoted much of their time and efforts to understand the effectiveness and consequences on emerging countries of non-standard macroeconomic policies adopted by advanced countries. The main goal of the annual conference of Seoul Journal of Economics 2014 is to invoke comprehensive and thorough discussions among academic researchers and policy makers on the recent development in macroeconomics with special emphasis on the role of macro-prudential policies in emerging-market countries. Given that many emerging-market countries have been severely hit ...