The Economic Implications of Financial Opening and Future Tasks

Deok Ryong Yoon (), Su Bin Kim () and Sammo Kang ()
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Deok Ryong Yoon: Korea Institute for International Economic Policy
Su Bin Kim: Korea Institute for International Economic Policy
Sammo Kang: Dong Guk University

No 14-16, World Economy Brief from Korea Institute for International Economic Policy

Abstract: This study examines the evolution of South Korean foreign exchange system and effects of changes in foreign exchange supply channel on exchange rates. Furthermore, this study conducts the VAR analysis and the variance decomposition analysis on the effects of exchange rates to examine effects of exchange rates on financial (inflation rate) and real (economic growth, trade balance) economy, then derives policy implications.

Keywords: Global Financial Crisis; Foreign Capital Inflows; Exchange Rates; Exchange Market (search for similar items in EconPapers)
Pages: 6 pages
Date: 2014-04-18
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Persistent link: https://EconPapers.repec.org/RePEc:ris:kiepwe:2014_016

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