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외환위기 이후 통화 및 환율정책의 평가(Evaluation of monetary and exchange rate policy in Korea after the financial crisis)

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  • 외환위기 이후 통화 및 환율정책의 평가(Evaluation of monetary and exchange rate policy in Korea after the financial crisis)
  • 신관호
  • 한국경제학회


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Title 외환위기 이후 통화 및 환율정책의 평가(Evaluation of monetary and exchange rate policy in Korea after the financial crisis)
Similar Titles
Material Type Articles
Author(Korean)

신관호

Publisher

[서울]:한국경제학회

Date 2007
Journal Title; Vol./Issue 경제학연구:vol. 55(no. 4)
Pages 38
Subject Country South Korea(Asia and Pacific)
Language Korean
File Type Link
Subject Economy < Economic System
Holding KEA

Abstract

The purpose of this paper is to evaluate monetary and exchange rate policy in Korea for the 10 years following the Financial crisis. The essential feature of the change in monetary and exchange rate policy after the Financial crisis is characterized by the fact that the Bank of Korea has adopted inflation targeting in combination with a floating exchange rate. Ultimately, this strategy has been half success and half failure. While the inflation rate has been slightly over 3%, it is still higher than that in other advanced and major emerging market countries. In fact, the Bank of Korea has been more concerned about recession, but, despite its efforts, has also not been particularly successful in stabilizing business cycle fluctuations. (The rest omitted)