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.
|Date of creation:||May 2013|
|Date of revision:|
|Publication status:||published as Assessing Macroprudential Policies: Case of South Korea* Valentina Bruno1 andHyun Song Shin2 The Scandinavian Journal of Economics Volume 116, Issue 1, pages 128–157, January 2014|
|Contact details of provider:|| Postal: National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.|
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