Kim, So-yŏng (contributor); Yang, Tu-yong (contributor) - 2008
, and (ii) an appreciation of asset prices, including stock prices, land prices, and nominal and real exchange rates. We … first document the recent trend in capital inflows and asset prices in Korea, and review how a surge in capital inflows can … empirical results suggest that capital inflows shocks increased the stock prices but not land prices. The effects on the nominal …