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환율제도와 외환위기관리

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Title 환율제도와 외환위기관리
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Material Type Reports
Author(Korean)

김종만

Publisher

서울:대외경제정책연구원

Date 1990
Series Title; No 정책연구 / 90-03
Pages 146
Subject Country South Korea(Asia and Pacific)
Language Korean
File Type Documents
Original Format pdf
Subject Economy < Economic Conditions
Economy < Economic System
Holding 대외경제정책연구원; KDI 국제정책대학원

Abstract

This paper explains the background and recent history of the exchange rate system in Korea and discusses the policy implications for its management of exchange risk.This paper is organized as follows. Section II examines the characteristics of the exchange rate system, focusing on the international balance of payments and the management of currency. Section III analyzes the exchange rate fluctuations under different systems using statistical analysis, time series analysis and correlation analysis. Section IV estimates how an observational error of the exchange rate fluctuations according to the change of their system has affected corporate decision-making processes. Section V reveals how corporations have taken some measures to avoid exchange rate risk. In addition, it finds some points to be further improved for the Korean government's exchange rate system and suggests institutional devices for the management of exchange risk. Summary and policy implications are provided in Section VI.