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| Author | : Woosik Moon |
| Publisher | : Cambridge University Press |
| Total Pages | : 377 |
| Release | : 2022-02-24 |
| Genre | : Business & Economics |
| ISBN | : 1316514986 |
Examines the theory and practice of monetary policy in South Korea, and how certain policy tools can help manage financial crises.
| Author | : Kevin Clinton |
| Publisher | : International Monetary Fund |
| Total Pages | : 28 |
| Release | : 2019-05-13 |
| Genre | : Business & Economics |
| ISBN | : 1498315399 |
Adoption of inflation targeting by the Bank of Korea (BOK) in 1998 contributed to low and stable inflation. However, after the global financial crisis (GFC) monetary policy faced more challenging conditions. Inflation slipped below the target range in 2012 and remains below it despite a cut in the target to 2 percent in 2016. Policy also became more complex with the addition of financial stability to the central bank’s mandate. To address these challenges, this paper proposes a two-pronged approach to strengthen the effectiveness with which monetary policy can meet its objectives: first, enhanced communication on how the target will be achieved over the medium-term, building on a forecasting and policy analysis system; and, second, by clarifying the complementary role of macroprudential policy in containing financial stability risks so that monetary policy can focus on the inflation target. Simulation of a macro model calibrated to Korea illustrates how it can be used to provide this greater medium-term focus on achieving the inflation target and strengthen communication.
| Author | : U-Sik Mun |
| Publisher | : |
| Total Pages | : |
| Release | : 2022 |
| Genre | : BUSINESS & ECONOMICS |
| ISBN | : 9781009091527 |
"This book conducts a comprehensive examination of the current practice of monetary policy-making in Korea. More precisely, it aims at combining the real practice implemented by the Bank of Korea with the new theoretical principles of monetary policy. Monetary policy-making in Korea has evolved, to a great extent, in tandem with the development of the market economy. The Bank of Korea should, therefore, be a guardian of the market economy against any arbitrary intervention or interference on the part of the government. Based upon this perspective, the book tries to provide a valuable in-depth analysis and the most up-to-date information on the Bank of Korea's monetary and financial policies. Furthermore, this book addresses Korean monetary policy and central banking from a comparative perspective"--
| Author | : The Bank of Korea (Central Bank of South Korea) |
| Publisher | : 길잡이미디어 |
| Total Pages | : 304 |
| Release | : 2010-11-24 |
| Genre | : Banks and banking |
| ISBN | : 899285837X |
Preface Chapter 1 Foundation of the Bank of Korea Chapter 2 The Bank of Korea Act Chapter 3 Organization and Functions of the Bank of Korea Chapter 4 Economic Development and the Bank of Korea Chapter 5 The Future Trajectory and Challenges of the Bank of Korea
| Author | : Byong-kuk Kim |
| Publisher | : |
| Total Pages | : 312 |
| Release | : 1965 |
| Genre | : Banks and banking |
| ISBN | : |
| Author | : |
| Publisher | : |
| Total Pages | : |
| Release | : 2002 |
| Genre | : |
| ISBN | : |
| Author | : The Bank of Korea (Central Bank of South Korea) |
| Publisher | : 길잡이미디어 |
| Total Pages | : 158 |
| Release | : 2013-11-28 |
| Genre | : Banks and banking |
| ISBN | : 8997434950 |
The Korean economy has achieved outstanding development not only in its real economy but also in the financial sector. Driven by the expansion in economic size and by the government’s policies to foster the capital markets and increase their openness, the Korean financial market has grown by more than 17 times over the past two decades since the 1990s. Financial market quality has also been greatly enhanced due to efforts to develop the financial infrastructure and improve the transaction techniques. As a result, global interest in the Korean financial market has increased significantly. In reflection of this upgraded international standing of the Korean financial market, the Bank of Korea now publishes this English edition of ?Financial Markets in Korea? for the first time. Initially published in 1999, this book has been revised every two to three years. This English edition is published along with the 2012 revision. Although its arrival is somewhat late, we hope that it will serve readers as a solid introduction to the overall Korean financial market. This book provides an overview of the Korean financial market structure, and of recent developments related to the individual markets. Chapter 1 introduces the structure and size of the financial market as a whole, while Chapters 2 through 4 describe the funding, capital and financial derivatives markets respectively, covering their trading terms and conditions, participants,transaction mechanisms and recent developments. Detailed explanations of recent major issues concerning the financial markets, including notable developments and institutional changes, are also available in the Boxes included throughout the text. It is hoped that this book will provide readers good guidance for a better understanding of Korea’s financial markets. Money markets Ⅰ. Overview Ⅱ. Call market Ⅲ. Repurchase agreement (RP) market Ⅳ. BOK repurchase agreement (RP) market Ⅴ. Certificate of deposit (CD) market Ⅵ. Commercial paper (CP) market Capital markets Ⅰ. Overview Ⅱ. Bond market Ⅲ. Monetary Stabilization Bond market Ⅳ. Asset-backed securities (ABS) market Ⅴ. Stock market Financial derivatives markets Ⅰ. Overview Ⅱ. Equity derivatives market Ⅲ. Interest rate derivatives market Ⅳ. Foreign exchange derivatives market Ⅴ. Credit derivatives market Ⅵ. Derivatives-linked securities market
| Author | : Mr.Angel J. Ubide |
| Publisher | : International Monetary Fund |
| Total Pages | : 67 |
| Release | : 1999-03-01 |
| Genre | : Business & Economics |
| ISBN | : 1451844646 |
After years of strong performance, Korea’s economy entered a crisis in 1997, owing largely to structural problems in its financial and corporate sectors. These problems emerged in the second half of that year, when the capital inflows that had helped finance Korea’s growth were reversed, as foreign investors—reeling from losses in other Southeast Asian economies—decided to reduce their exposure to Korea. This paper focuses on the sources of the crisis that originated in the financial sector, the measures taken to deal with it, and the evolution of key banking and financial variables in its aftermath.
| Author | : Steven J Davis |
| Publisher | : World Scientific |
| Total Pages | : 377 |
| Release | : 2021-06-03 |
| Genre | : Business & Economics |
| ISBN | : 9811238634 |
The Monetary Authority of Singapore, Asian Bureau of Finance and Economic Research, University of Chicago Booth Business School, and National University of Singapore Business School have organised the Asian Monetary Policy Forum (AMPF) annually since 2014. The Forum brings together eminent academics, policymakers and private sector economists to deliberate pressing monetary policy issues particularly relevant for Asian countries.This volume collects the inaugural speech and commissioned papers from the past Forums from 2014 to 2020. The chapters cover a range of topics that have assumed importance in the global monetary and financial system over the past twenty years. These include the efficacy of traditional monetary policy frameworks amid synchronised global financial flows, the challenges presented by the US dollar dominance, and the optimality of central banks' use of a broader set of policy instruments within an integrated policy framework. Policymakers, practitioners, students and academicians will be able to draw from this volume useful insights to understand these complex policy challenges.
| Author | : Akhand Akhtar Hossain |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 654 |
| Release | : 2015-08-28 |
| Genre | : Business & Economics |
| ISBN | : 0857937812 |
This book of case studies is a significant contribution to monetary macroeconomics in which country-specific experience and issues in inflation and monetary policy are reviewed and analysed in an historical context. In doing so, the key ideas and views
