Monetary and Financial System

Young Mok Bae (), Hun-Chang Lee () and Myunghwi Lee ()
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Young Mok Bae: Chungbuk National University
Hun-Chang Lee: Korea University
Myunghwi Lee: Ewha Womans University

Chapter Chapter 19 in Historical Statistics of Korea, 2022, pp 983-1070 from Springer

Abstract: Abstract On acquiring Korea as a protectorate in 1905, Japan enforced a comprehensive monetary reform putting an end to the currency chaos caused by debasement to introduce a system where not only metallic currency but also paper money and deposits functioned as a medium of payment. The monetary reform from 1905 to 1909 also marked the integration of Korea into the yen bloc with the notes issued by the central bank of colonial Korea being freely convertible into the Japanese yen at a fixed exchange rate of 1:1. Hence, monetary and financial statistics for Korea typically start from around 1905. Key sources of monetary and financial statistics for colonial Korea include the Statistical Yearbook of Colonial Korea and the Handbook of Financial Statistics. The South Korean authorities made money and banking statistics available through the Yearbook of Economic Statistics.

Date: 2022
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DOI: 10.1007/978-981-15-3874-2_19

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