IDEAS home Printed from https://ideas.repec.org/p/ris/kiepwe/2015_009.html
   My bibliography  Save this paper

Korean Current Account Surplus and the Transmission of the Won-Dollar Exchange Rate

Author

Listed:
  • Moon, Seongman

    (Chonbuk National University)

  • Choi, Yoon Sun

    (Korea Institute for International Economic Policy)

Abstract

This paper empirically investigates the effects of exchange rate shocks on the variables of the primary interests, such as trade balance and current account, using the Korean data. The result shows that the effect of the won-dollar exchange rate on the current account is weak. This is because the effect of the won-dollar exchange rate on exports and imports are similar. We also examine the effect of the won-dollar exchange rate shock on Korea's trade balance with major trading partners such as the US, China, Japan, and the European Union, respectively. The results show that the responses of the Korea-Japan and Korea-European Union trade accounts are weak and not statistically significant; but those from the Korea-US trade account and the Korea-China trade account are statistically significant.

Suggested Citation

  • Moon, Seongman & Choi, Yoon Sun, 2015. "Korean Current Account Surplus and the Transmission of the Won-Dollar Exchange Rate," World Economy Brief 15-9, Korea Institute for International Economic Policy.
  • Handle: RePEc:ris:kiepwe:2015_009
    DOI: 10.2139/ssrn.2770239
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.2139/ssrn.2770239
    File Function: Full text
    Download Restriction: no

    File URL: https://libkey.io/10.2139/ssrn.2770239?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    Current Accout; Exchange Rate; Trade Balance;
    All these keywords.

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:kiepwe:2015_009. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: . General contact details of provider: https://edirc.repec.org/data/kieppkr.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Juwon Seo The email address of this maintainer does not seem to be valid anymore. Please ask Juwon Seo to update the entry or send us the correct address (email available below). General contact details of provider: https://edirc.repec.org/data/kieppkr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.