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Characteristics of the Euro Unsecured Market and Implications for Korea’s Money Market Policy

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  • Characteristics of the Euro Unsecured Market and Implications for Korea’s Money Market Policy
  • Baek, In Seok
  • Korea Capital Market Institute


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Title Characteristics of the Euro Unsecured Market and Implications for Korea’s Money Market Policy
Similar Titles
Material Type Reports
Author(English)

Baek, In Seok

Publisher

[Seoul]:Korea Capital Market Institute

Date 2014-10
Series Title; No Capital Market Opinion
Pages 5
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Financial Policy
Holding KCMI

Abstract

The Korean government’s money market reform began in 2010 and has since marked several achievements. From next year, non-bank financial institutions will not be allowed to participate in the call loan market, meaning that the money market will be segmented. Policy for market segmentation is economically significant because it is completely different from placing a ceiling on the amount of call money. It is uncertain if the market segmentation policy will create sufficient benefits against the costs. Notably, the conditions in overseas money markets are now different from when the policy kicked off. Hence, the enhancement of money market efficiency should be re-thought through before the policy takes full effect.