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This paper estimates empirically the changing degree of capital mobility in several Pacific Basin countries that have pursued financial liberalization in recent years. Tracing the impact of the liberalization process on the capital account, the paper also examines the implications for monetary...
Persistent link: https://www.econbiz.de/10014398038
sponsored by the IMF and the Korea Institute for International Economic Policy on the Korean Crisis and Recovery. The papers …
Persistent link: https://www.econbiz.de/10014399509
four countries (Chile, Indonesia, Korea, and Thailand). The paper focuses on the interrelationship between capital account …
Persistent link: https://www.econbiz.de/10014399603
This paper analyzes the credit crunch following the recent financial crisis in Korea. Using enterprise-level data, we …
Persistent link: https://www.econbiz.de/10014399882
Following the 1997-98 financial turmoil, crisis countries in Asia moved toward either floating or fixed exchange rate systems, reinforcing the bipolar view of exchange rate regimes and the ""hollow middle"" hypothesis. But some academics have claimed that the crisis countries'' policies have...
Persistent link: https://www.econbiz.de/10014399947
out using both cross section data and then monthly data for Korea to estimate an augmented demand for money equation. It …
Persistent link: https://www.econbiz.de/10014400108
Korea has been active in implementing targeted macroprudential policies to address specific financial stability … macroprudential policy making in Korea. It is assumed that the policy maker imposes taxes on key aggregate financial ratios in the … banking system to mitigate excessive leverage over the economic cycle. The model is calibrated for Korea. The results …
Persistent link: https://www.econbiz.de/10014396939
This paper estimates the effectiveness of capital controls in response to inflow surges in Brazil, Colombia, Korea, and …
Persistent link: https://www.econbiz.de/10014397156
With another real estate boom-bust bringing woes to the world economy, a quest for a better policy toolkit to deal with these boom-busts has begun. Macroprudential measures could be in such a toolkit. Yet, we know very little about their impact. This paper takes a step to fill this gap by...
Persistent link: https://www.econbiz.de/10014397169
-Chile, Colombia Mexico-and three East Asian countries-Korea, Malaysia and Thailand. It identifies a number of potential sustainability …
Persistent link: https://www.econbiz.de/10014397228