Volatile Capital Flows in Korea

Current Policies and Future Responses

Häftad, Engelska, 2014

AvK. Chung,S. Kim,H. Park,C. Choi,H. Shin

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Volatility in Korean Capital Markets summarizes the Korean experience of volatile capital flows, analyzes the economic consequences, evaluates the policy measures adopted, and suggests new measures for the future.

Produktinformation

Utgivningsdatum2014-12-17
Mått140 x 216 x 17 mm
Vikt376 g
FormatHäftad
SpråkEngelska
Antal sidor271
Upplaga14001
FörlagPalgrave Macmillan
ISBN9781349477289

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Naohiko Baba, Goldman Sachs Japan, JapanValentina Bruno, American UniversityChangho Choi , Bank of KoreaKyuil Chung, Bank of KoreaDaeyup Lee, Bank of KoreaSeungwon Kim, Bank of KoreaSoyoung Kim, Seoul National UniversitySunghyun H. Kim, Sungkyunkwan UniversityHail Park, Bank of KoreaIlhyock Shim, Bank for International SettlementsHyun Song Shin, Princeton University, USAYunjong Wang, SK SUPEX CouncilDoo Yong Yang, Kyung Hee University

Preface Contributors Tables and Figures PART I: OVERVIEW 1. Overview of International Capital Flows; Kyuil Chung, Hail Park, and Changho Choi PART II: CAPITAL ACCOUNT LIBERALIZATION AND ITS CONSEQUENCES 2. Macroeconomic Effects of Capital Account Liberalization: the Case of Korea; Soyoung Kim, Sunghyun H. Kim, and Yunjong Wang 3. Do Capital Inflows Matter to Asset Prices? The Case of Korea; Soyoung Kim and Doo Yong Yang 4. Capital Flows in Korea after Capital Account Liberalization; Hail Park, Daeyup Lee, and Kyuil Chung PART III: POLICY RESPONSES BEFORE AND DURING THE CRISIS 5. Capital Inflows and Policy Responses: Lessons from Korea's Experience; Kyuil Chung and Seungwon Kim 6. Dislocations in the Won-Dollar Swap Markets during the Crisis of 2007–09; Naohiko Baba and Ilhyock Shim PART IV: MACROPRUDENTIAL POLICY AFTER THE CRISIS AND INSTITUTIONAL REFORM SUGGESTION 7. Why Macroprudential Policy? Brief Overview; Valentina Bruno and Hyun Song Shin 8. Assessing Macroprudential Policies in Korea; Changho Choi 9. Mitigating Systemic Spillovers from Currency Hedging; Kyuil Chung, Hail Park, and Hyun Song Shin PART V: EPILOGUE 10. The Second Phase of Global Liquidity and Its Impact on Emerging Economies; Hyun Song Shin Index