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This paper evaluates monetary policy and its relationship with the exchange rate in five Asian crisis countries. The findings are compared with previous currency crises in recent history. The paper finds no evidence of overly tight monetary policy in the Asian crisis countries in 1997 and early...
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The revised Bank of Korea Act states that the primary goal of monetary policy is price stability, suggesting that …’s time horizon, and the width of the inflation-target bands. On balance, the empirical evidence suggests that Korea is likely …
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Korea is on the verge of an unprecedented demographic shift. In coming decades, rapid aging will transform it from one … on the long-term fiscal position in Korea, and assesses potential policy responses using the IMF''s Global Fiscal Model …
Persistent link: https://www.econbiz.de/10014401874
Korean household debt has reached 148 percent of disposable income, high by emerging market standards. Most of this debt remains at variable rates, shifting the interest rate risk from better diversified financial institutions to households and increasing their sensitivity to macroeconomic...
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countries that underwent financial sector reform during the 1980s: Indonesia, Korea, and the Philippines. Special attention is … prices in Korea, on prices only in the Philippines, and did not contain any advance information in Indonesia. The … with the reforms—contain valuable information about future developments in prices in Korea and the Philippines …
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