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우리나라 통화개혁의 비교 연구(A comparative study of currency reforms in Korea)

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  • 우리나라 통화개혁의 비교 연구(A comparative study of currency reforms in Korea)
  • 배영목
  • 한국경제학회


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Title 우리나라 통화개혁의 비교 연구(A comparative study of currency reforms in Korea)
Similar Titles
Material Type Articles
Author(Korean)

배영목

Publisher

[서울]:한국경제학회

Date 2010
Journal Title; Vol./Issue 경제학연구:vol. 58(no. 1)
Pages 29
Subject Country South Korea(Asia and Pacific)
Language Korean
File Type Link
Subject Economy < Economic System
Holding KEA

Abstract

This study aims to compare two currency reforms which Korean government carried out in 1953 and 1962. I analyze the goals, instruments, and the effects of these reforms both in short-term and long-term perspectives. While the currency reform of 1953 was designed as anti-inflationary policy, the currency reform of 1962 was designed as economic development policy to mobilize more resources from non-bank private sectors. But two reforms used the same instruments: conversion of currency, re-denomination, and deposit freeze. Although the reform of 1953 had effects on monetary contraction, the effects were temporary and the money growth rate rebounded soon. Because of severe credit crunch and economic decline after deposit freeze, the deposit freeze of 1962 had to be cancelled after a month later. (The rest omitted)