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 …

This paper estimates the effectiveness of capital controls in response to inflow surges in Brazil, Colombia, Korea, and …

-Chile, Colombia Mexico-and three East Asian countries-Korea, Malaysia and Thailand. It identifies a number of potential sustainability …

This Selected Issues paper on Korea provides background information on economic developments and policies, with …

This Background Paper provides a broad overview of the structure and characteristics of public finances in Korea, and …

Korea was hit hard by the 2008 global financial crisis, with the foreign bank deleveraging channel coming prominently … 2008. Impulse responses from a Dynamic Stochastic General Equilibrium (DSGE) model calibrated to Korea shows that it … appears better prepared to handle such shocks relative to 2008. Indeed, Korea is much more resilient to such shocks due to the …