Chung received a Ph.D. in economics from Princeton University in 1978 after completing a doctoral dissertation titled "Toward a theory of the price setting banking firm." In October 2004, Dr. Chung was awarded an honorary degree in international education at the Far Eastern National University in Vladivostok, Russia. Dr. Chung continues to write and conduct research in macroeconomics and financial markets.
Chung earned a Ph.D. in economics from Princeton University in 1978 with a dissertation on banking firms. In October 2004, Dr. Chung was awarded an honorary degree at Far Eastern National University in Vladivostok, Russia. Dr. Chung continues to research and write about macroeconomics and financial markets.