콘텐츠 바로가기
로그인
컨텐츠

Category Open

Resources

tutorial

Collection of research papers and materials on development issues

home

Resources
Economy Economic System

Print

Korea’s recent foreign exchange rate system

Related Document
Frame of Image


Full Text
Title Korea’s recent foreign exchange rate system
Similar Titles
Material Type Reports
Author(English)

Kim, Jin Chun

Publisher

서울:대외경제정책연구원

Date 1992-12
Series Title; No 연구보고서 / 92-30
Pages 76
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < Economic System
Holding 대외경제정책연구원; KDI 국제정책대학원

Abstract

The initial goal of the paper was to evaluate the working of the MAR system which was adopted in Korea in March 1990. However, since the system is only two years and several months old, no credible macroeconomic empirical test could be accomplished due to the lack of data. It was also necessary to review the history of Korea's foreign exchange rate system in order to shed light on the background and rationale of the MAR system. Therefore, instead of only investigating the functioning of the MAR system, this paper reviewed the whole history of the foreign exchange rate system and evaluated the MCBP system which was adopted for the period of March 1980 through February 1990. This system is important in understanding the MAR system since it was the first effort made in Korea in the direction of a market-oriented foreign exchange rate system. (The rest omitted)