Choo, Han Gwang; Kurita, Takamitsu - In: International Review of Economics & Finance 20 (2011) 2, pp. 267-280
This paper conducts an econometric investigation of monetary interaction in the Korean economy over the past two decades. The study pays close attention to a critical role played by broad money and an interest rate term spread in the economy. A vector autoregression reveals two cointegrating...