Hur, Joonyoung; Oh, Hyoung Seok - In: KDI Journal of Economic Policy 46 (2024) 1, pp. 91-129
responsibility of financial stability beyond its existing mandate of price stability. Since then, concerns have been raised about the …) framework proposed by the Bank for International Settlements (BIS) for macro-financial stability in promoting long-term economic … stability. Using VAR models, the study reveals a clear increase in risk appetite following interest rate cuts after the …
