Republic of Korea: Selected Issues

International Monetary Fund

No 2001/101, IMF Staff Country Reports from International Monetary Fund

Abstract: The paper discusses potential output, the output gap, and inflation in Korea. The paper explores the information content of potential leading indicators of inflation. A broadly balanced current account has been the suggested norm for Korea over the medium term. The challenge is to help build a more robust bond market that prices risk appropriately. The features of pension schemes in Korea and the problems they face are outlined. The paper reviews pension reform, banking sector, corporate sector, and foreign exchange crises with respect to Korea.

Keywords: ISCR; CR; output gap; money demand equation; interest coverage ratios; S-I norm; interest-coverage ratio; corporate bond bond market; TFP series; two-step estimation procedure; reserves-to-broad money ratio; Pensions; Commercial banks; Pension spending; Loans; Corporate bonds; East Asia; Asia and Pacific; Global (search for similar items in EconPapers)
Pages: 143
Date: 2001-07-17
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Citations: View citations in EconPapers (2)

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