Assessing Macroprudential Policies: Case of Korea

This paper develops methods for assessing the sensitivity of capital flows to global financial conditions, and applies the methods in assessing the impact of macroprudential policies introduced by Korea in 2010. Relative to a comparison group of countries, we find that the sensitivity of capital flows into Korea to global conditions decreased in the period following the introduction of macroprudential policies.

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Year of publication:	2013-06
Authors:	Bruno, Valentina ; Shin, Hyun Song
Institutions:	Griswold Center for Economic Policy Studies, Department of Economics
Subject:	capital flows \| credit booms \| macroprudential policy

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Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	Number 1470
Classification:	F32 - Current Account Adjustment; Short-Term Capital Movements ; F33 - International Monetary Arrangements and Institutions ; F34 - International Lending and Debt Problems
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010720747