Republic of Korea: Selected Issues

International Monetary Fund

No 2008/296, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper for the Republic of Korea focuses on the role of monetary policy in the current context of slowing growth and rising inflation pressures. Korea has not remained immune to the global slowdown, and with the cycle turning downward, the trade-off between inflation and growth is deteriorating. Subprime-related turbulences in financial markets add an extra element of uncertainty to the economic outlook, and have led to a noticeable increase in Korea’s stock market and exchange rate volatility.

Keywords: ISCR; CR; debt; headline inflation; interest rate; income; household debt; OTC market; investment rate; debt growth; payment ability; Personal income; Mortgages; Inflation; Over-the-counter markets; Global; Asia and Pacific; Europe (search for similar items in EconPapers)
Pages: 74
Date: 2008-09-11
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Citations: View citations in EconPapers (4)

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