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 …

Brazil and Korea. The results confirm that supply shocks are the main source of GDP fluctuations, even in the short run …. Aggregate demand shocks are shown to be important in the short run in Brazil, but not in Korea. External shocks explain a small …

This paper presents estimates of a price-pressure indicator for Korea. It does this by constructing measures of how …

Korea was one of the Asian economies hardest hit by the global financial crisis. Anticipating the downturn that would … follow the episode of extreme financial stress, the Bank of Korea (BOK) let the exchange rate depreciate as capital flowed …

also uses actual trade data between Japan and Indonesia and between Japan and Korea …

This Selected Issues paper analyzes corporate restructuring and corporate governance in the Republic of Korea. The …