However, I noted in my earlier speech that the influence of interest rates on the speculative component of asset prices is unclear from both a theoretical and empirical standpoint.
If they were to be exposed to the blast of open competition, there would be no option other than to scrap them entirely. Research institutes tell us that if reunification were to take place abruptly under these circumstances, with the coming down of the walls dividing the peninsula, several million North Koreans might be forced to flood into the South seeking refuge.