Volatility in Korean Capital Markets summarizes the Korean experience of volatile capital flows, analyzes the economic consequences, evaluates the policy measures adopted, and suggests new measures for the future.

This book arose out of a conference on "Epistemic Logic and the Theory of Games and Decisions" that took place in January 1994 at the Centre Inter- national de Recherches Mathematiques in Marseille. The convergence of game theory and epistemic logic has been in progress for two decades. The aim of the conference was to explore this rapprochement further by gathering spe- cialists from different professional communities, i. e. , economics, mathematics, philosophy, and computer science. Also, the organizors aimed at fostering the work centered on the issues of knowledge and belief that has recently been pursued amongst game theorists and decision theorists. The conference was funded by the following institutions: Centre National de la Recherche Sci- entifique (France), Ministere de l'Enseignement Superieur et de la Recherche (France), Association pour Ie Developpement de la Recherche en Economie et Statistique (France). It was also supported by the Human Capital and Mobility Programme of the EU, as well as, locally, by the Ville de Marseille. We would like to express our gratitude to these institutions for their generous help. Despite the success of the conference, it was not the editors' intention to circulate just another volume of proceedings in the usual style. Throughout the more than two-year editorial process, they have pursued the goal of providing a no doubt non-exhaustive, but hopefully thorough and accurate, state of the art account of a promising field of research.

The current rapid development of photonics matches the progress of silicon-integrated circuits. However, the ultimate success of photonics requires integration of both active and passive functions into one compact form. For such integration, it is crucial to develop and integrate a large diversity of new materials and material structures that enable generation, manipulation and detection of optical signals at short-length scales. In many cases, the final performance will be fabrication-process-dependent, and controlling microstructure and materials interactions in the device synthesis will be critical. Realization of these devices requires the development of new methods for microprobing, testing and characterization. This book researches work in optoelectronics, integrated optics, microphotonics and related research areas. Areas cover semiconductors, insulators, ferroelectrics and polymers. The goal here is to share progress, identify critical problems and provide promising solutions Topics include: rare-earth-doped structures; photonic bandgap crystals; nanocrystals; new concepts and devices; electro-optic materials and luminescent materials.