English, Article edition: Korea's Post-Crisis Monetary Policy Reforms Donghyun Park; Junggun Oh

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Physical Description
  • article
Language
  • English

Edition details

Title
  • Korea's Post-Crisis Monetary Policy Reforms
Author
  • Donghyun Park
  • Junggun Oh
Physical Description
  • article
Notes
  • Korea's financial crisis of 1997â1998 was brought about by the unsustainable combination of large capital inflows and an inefficient financial system. The Bank of Korea contributed to the crisis primarily through its failures as the regulator of the financial system rather than as the conductor of monetary policy. Our paper explores the role of the two major monetary policy reforms Korea has implemented in response to the crisis â the establishment of a new financial regulator and the adoption of inflation targeting â in Korea's efforts to build a stronger and more efficient financial system, thereby preventing crises in the future.
  • Korea, financial regulation, monetary policy, inflation targeting, Asian crisis
  • RePEc:wsi:rpbfmp:v:08:y:2005:i:04:p:707-731
Language
  • English
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e.g. test cricket, Perth (WA), "Parkes, Henry"

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