The Impact of Monetary Policy on Exchange Rate and Its Policy Implication

Deok Ryong Yoon (), Soyoung Kim and Jinhee Lee ()
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Deok Ryong Yoon: Korea Institute for International Economic Policy, Postal: Building C, Sejong National Research Complex, 370, Sicheong-daero, Sejong-si,Korea, http://www.kiep.go.kr/index.do
Jinhee Lee: Korea Institute for International Economic Policy, Postal: Building C, Sejong National Research Complex, 370, Sicheong-daero, Sejong-si,Korea, http://www.kiep.go.kr/index.do

No 20-1, World Economy Brief from Korea Institute for International Economic Policy

Abstract: In this study we aim to clarify the different extents to which monetary policy influences foreign exchange rate determination between the monetary policies of small open economies with international currency and those without international currency, and use empirical research to explain why. Based on the analysis above, we make some policy suggestions.

Keywords: Monetary Policy; Exchange Rate (search for similar items in EconPapers)
JEL-codes: A10 (search for similar items in EconPapers)
Pages: 6 pages
Date: 2020-01-22
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Persistent link: https://EconPapers.repec.org/RePEc:ris:kiepwe:2020_001

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