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Inkee Jang

Hanyang University · Economics, Econometrics and Finance

About the Lab

Professor Inkee Jang's research lab specializes in monetary economics, financial contracting, and central bank policy, with a focus on dynamic adverse selection models in credit markets, the macroeconomic implications of monetary policy credibility, and the design of central bank digital currencies (CBDCs). The lab investigates how information asymmetries affect firm financing over time, the role of central bank independence in transmission mechanisms, and the strategic and systemic impacts of CBDC adoption. It also explores behavioral and institutional dimensions of economic decision-making, particularly in the context of financial stability and digital transformation.

monetary policyadverse selectionCBDCfinancial contractingcentral bank independence

Research Overview

Papers
16
Total Citations
24
Papers (5y)
8
Primary Field
Economics, Econometrics and Finance

Research Output Trend

Figures are computed from collected data and may differ slightly.

Publications per year (5y)
8total
2022
2023
2024
2025
2026
Citations per year (5y)
4total
20222023202420252026

Selected Papers

15
1
Article|8 citations·2014
Priority, solidarity and egalitarianism
Youngsub Chun, Inkee Jang, Biung‐Ghi Ju
SJR Q2Social Choice and Welfare
Economics and EconometricsEconomics, Econometrics and Finance
2
Article|5 citations·2016
The Pareto principle and resource egalitarianism
Inkee Jang
SJR Q1Mathematical Social Sciences
Economics and EconometricsEconomics, Econometrics and Finance
3
Article|4 citations·2021
Adverse selection and costly information acquisition in asset markets
Inkee Jang, Kee-Youn Kang
SJR Q1Journal of Mathematical Economics
Economics and EconometricsEconomics, Econometrics and Finance
4
Article|2 citations·2010
기포제를 사용한 구조용 경량 모르타르의 특성 및 열적성능 평가에 관한 실험적 연구
장인기, 우영제, 이한승, 유조형, 심규섭
대한건축학회논문집 구조계

The objective of this study is determining the mechanical property of light and strong preformed structural lightweight foamed concrete using the mineral foam agent. Also the structural lightweight foamed concrete has superior property of insulation and lightweight because it has many inner. So, the structural lightweight foamed concrete used to need property of insulation. Experiment was done to examine mechanical and insulation properties of the specimen according to the variation of structura

5
Article|2 citations·2024
Dynamic Adverse Selection and Belief Update in Credit Markets
Inkee Jang, Kee-Youn Kang
SJR Q1Journal of Financial and Quantitative AnalysisOA

Abstract We develop a dynamic model of debt contracts with adverse selection. Entrepreneurs borrow investment goods from lenders to run businesses whose returns depend on entrepreneurial productivity and common productivity. Entrepreneurial productivity is the entrepreneur’s private information, and lenders construct beliefs about entrepreneurial productivity based on the entrepreneur’s business operation history, common productivity history, and the terms of the contract. The model provides ins

FinanceEconomics, Econometrics and Finance
6
Article|1 citations·2020
Dynamic Adverse Selection and Belief Update in Credit Markets
Inkee Jang, Kee-Youn Kang
SSRN Electronic JournalOA
FinanceEconomics, Econometrics and Finance
7
Article|1 citations·2023
Optimal Information Disclosure in Credit Market: Default History & Transaction History
Inkee Jang, Kee-Youn Kang
SSRN Electronic JournalOA
Economics and EconometricsEconomics, Econometrics and Finance
8
Article|1 citations·2025
Priority, solidarity, and egalitarianism in the capability approach
Inkee Jang, Biung‐Ghi Ju
SJR Q1Games and Economic Behavior
Political Science and International RelationsSocial Sciences
9
Preprint|0 citations·2024
Priority, Solidarity, and Egalitarianism in the Capability Approach
Inkee Jang, Biung‐Ghi Ju
SSRN Electronic JournalOA
Political Science and International RelationsSocial Sciences
10
Article|0 citations·2020
Dynamic Adverse Selection and Belief Update in Credit
Inkee Jang, Kee-Youn Kang
한국재무학회 학술대회

We develop a dynamic model of debt contracts with adverse selection and belief updates. In the model, entrepreneurs borrow investment goods from lenders to run businesses whose returns depend on entrepreneurial productivity and common productivity. The entrepreneurial productivity is the entrepreneur’s private information, and the lender constructs beliefs about the entrepreneur’s productivity based on the entrepreneur’s business operation history, common productivity history, and terms of the c

AccountingBusiness, Management and Accounting
11
Article|0 citations·2017
Essays on Public Good Provision and Egalitarianism
Inkee Jang
Open Scholarship Institutional Repository (Washington University in St. Louis)OA

This dissertation studies strategic social influence in the presence of a self-control problem and egalitarianism.The first chapter is a response to the literature that the standard weak Pareto principle is incompatible with the bundle-reducing transfer principle. Sprumont (2012) proposes the consensual leximin ordering that satisfies i) a Paretian axiom that is weaker than the standard Pareto principle and ii) a property called Dominance Aversion that is a stronger axiom than the bundle-reducin

Economics and EconometricsEconomics, Econometrics and Finance
12
Article|0 citations·2022
Collateral Risk, Information Sensitivity, and Default Frictions on Collateralized Debt
Inkee Jang, Kee-Youn Kang
SSRN Electronic JournalOA
FinanceEconomics, Econometrics and Finance
13
Article|0 citations·2026
The capital structure of autonomous agents: Optimal contracting in the machine-to-machine economy
Inkee Jang, Hyoung‐Goo Kang
SJR Q1Finance research letters
Economics and EconometricsEconomics, Econometrics and Finance
14
Article|0 citations·2024
CBDC Policy Direction and Strategies : Focusing on the Financial and Institutional Sectors
연세대학교 경영대학 석사과정, Sung-Yu Lee, Inkee Jang
Journal of CEO and Management Studies

본 연구는 디지털 경제로의 급속한 전환과 중앙은행 디지털 화폐(CBDC)의 전 세계적인 연구개 발 및 도입 추세에 주목하여 미국, 중국, 유럽연합, 일본 및 한국을 포함한 주요 국가들의 CBDC 연구 및 개발 동향을 분석한다. 이러한 국제적 동향을 반영하여 한국은 국내외 결제 시스템의 효율성 증진을 위해 소매 및 도매 CBDC 개발하고 도입을 검토하고 있다. 본 논문은 CBDC가 한국 금융 시장에 미칠 영향을 분석하고, 금융기관과 제도권이 취해야 할 전략적 대응을 제안한다.

Management, Monitoring, Policy and LawEnvironmental Science
15
Article|0 citations·2022
The Central Bank Independence and the Expected Path of Interest Rate Change
연세대학교 경영대학 부교수, Kee-Youn Kang, Inkee Jang, Byoungho Choi
Journal of CEO and Management Studies

본 연구는 중앙은행의 독립성 정도에 따라 기대경로를 통한 통화정책의 파급효과가 다르 게 나타날 수 있음을 부동산 시장을 통해 검정하였다. 이를 위해 중앙은행의 독립성 지수 를 기준으로 OECD 국가를 두 개의 그룹으로 나눈 후, 단기금리의 변화에 대한 부동산 가격 변화의 민감도의 그룹 간 차이가 있는가를 분석하였다. 분석 결과 중앙은행의 독립성 이 높은 국가에서는 단기금리의 변화와 부동산 가격의 변화가 유의한 음의 상관관계를 갖는 반면, 중앙은행의 독립성이 낮은 국가에서는 의미 있는 패턴이 나타나지 않았다. 중앙은행의 독립성이 명목적으로는 잘 보장된 국가에서도 시장 참여자들의 신뢰 여부에 따라 기대경로 파급효과가 달라질 수 있다는 가능성을 검정하기 위해, 추가적으로 국가별 부패인식지수와 중앙은행 독립성 지수로 4개의 국가 그룹으로 나누어 같은 분석을 반복 실시하였다. 그 결과 중앙은행의 독립성이 높은 국가 내에서도 부패인식지수가 낮은 국가 에서 금리변화에 대해 부동산 가격이 보다 강

FinanceEconomics, Econometrics and Finance

Research Areas

Economics and EconometricsFinancePolitical Science and International RelationsManagement, Monitoring, Policy and LawAccounting

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