Assessing Macroprudential Policies: Case of Korea

Valentina Bruno and Hyun Song Shin

No 19084, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: 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.

JEL-codes: F32 F33 F34 (search for similar items in EconPapers)
Date: 2013-05
New Economics Papers: this item is included in nep-ban and nep-ifn
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Citations: View citations in EconPapers (16)

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

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