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Monetary Policy of the Bank of Korea during the First Sixty Years

Author

Listed:
  • Kyungsoo Kim

    (The Institute for Monetary and Economic Research, the Bank of Korea)

  • Jaewoo Lee

    (The Open Macroeconomics Division of the IMF Research Department.)

Abstract

This paper provides an analytic overview of the history of monetary policy in Korea, since the founding of the Bank of Korea in June 1950 through the Spring of 2010. In light of the dramatic socio-economic transformation over this period, the sixty years are divided into four phases which provided a different environment for the conduct of monetary policy. An organizing analytical framework is proposed for each phase, with the hope of facilitating further research.

Suggested Citation

  • Kyungsoo Kim & Jaewoo Lee, 2011. "Monetary Policy of the Bank of Korea during the First Sixty Years," Working Papers 2011-8, Economic Research Institute, Bank of Korea.
    • Handle: RePEc:bok:wpaper:1108
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    File URL: http://www.bok.or.kr/attach/kor/524/2011/02/1298277527276.PDF
    File Function: Working Paper, 2011
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    Cited by:

    1. Kang, Hyunju, 2013. "Behind the scenes of abandoning a fixed exchange rate regime," Journal of Banking & Finance, Elsevier, vol. 37(8), pages 3145-3156.

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