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The Impact of rising international interest rates on developing countries: The South Korean experience

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  • Fischer, Bernhard
  • Mayer, Thomas

Abstract

This paper evaluates the impact of rising international interest rates on the South Korean economy during the seventies with the help of an econometric macro model. The results show that there was an induced reduction of investment and GDP, yet inflationary pressures were somewhat mitigated by a lowering of capital inflows.

Suggested Citation

  • Fischer, Bernhard & Mayer, Thomas, 1982. "The Impact of rising international interest rates on developing countries: The South Korean experience," Kiel Working Papers 153, Kiel Institute for the World Economy (IfW Kiel).
    • Handle: RePEc:zbw:ifwkwp:153
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    File URL: https://www.econstor.eu/bitstream/10419/46800/1/017474124.pdf
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    Cited by:

    1. repec:ilo:ilowps:248590 is not listed on IDEAS
    2. Roe, Alan,, 1986. "Interest rates, employment and income distribution: a review of issues," ILO Working Papers 992485903402676, International Labour Organization.

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