Monetary Policy of the Bank of Korea during the First Sixty Years

Kyungsoo Kim and Jaewoo Lee
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Kyungsoo Kim: The Institute for Monetary and Economic Research, the Bank of Korea
Jaewoo Lee: The Open Macroeconomics Division of the IMF Research Department.

No 2011-8, Working Papers from Economic Research Institute, Bank of Korea

Abstract: This paper provides an analytic overview of the history of monetary policy in Korea, since the founding of the Bank of Korea in June 1950 through the Spring of 2010. In light of the dramatic socio-economic transformation over this period, the sixty years are divided into four phases which provided a different environment for the conduct of monetary policy. An organizing analytical framework is proposed for each phase, with the hope of facilitating further research.

Pages: 53 pages
Date: 2011-02-16
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