Hur, Joonyoung; Oh, Hyoung Seok - In: KDI Journal of Economic Policy 46 (2024) 1, pp. 91-129
The Bank of Korea, through a legal amendment in 2011 following the financial crisis, was entrusted with the additional responsibility of financial stability beyond its existing mandate of price stability. Since then, concerns have been raised about the prolonged increase in household debt...