The Bank of Korea, through a legal amendment in 2011 following the financial crisis, was entrusted with the additional … suggests a critical period for the government and central bank to be more vigilant, ensuring it does not impede the stable flow …) framework proposed by the Bank for International Settlements (BIS) for macro-financial stability in promoting long-term economic …

example), policy instruments (reserve requirements, open market operations, and central bank deposit and lending facilities …

Central Bank (ECB) have introduced various kinds of “unconventional” monetary policy measures. This paper compares the …

channels for monetary policy, calling for the central bank to address distributional inefficiencies on top of those arising …

domestic and foreign interest rate shocks.The results suggest that a raise in the key rate by the Bank of Korea decreases the …

with a more independent central bank and a more developed capital market. The size of the price responses is larger in …

English Abstract: This paper examines the impact of the Bank Intermediated Lending Support Facility (former: Aggregate … Credit Ceiling Loans), a primary tool by the Bank of Korea (BOK)’s credit policy operations on bank loans to small and medium …-sized enterprises (SMEs). Measuring the influence of the Bank Intermediated Lending Support Facility on SMEs’ credit availability is …