Korea's Macroprudential Policies for Capital Flows: Accomplishments and Road to Improvement

Sungbae An (), Tae Soo Kang (), Kyunghun Kim () and Eunjung Kang ()
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Sungbae An: KOREA INSTITUTE FOR INTERNATIONAL ECONOMIC POLICY (KIEP), Postal: [30147] Building C Sejong National Research Complex 370 Sicheong-daero Sejong-si Korea, https://www.kiep.go.kr/eng/
Tae Soo Kang: Korea Advanced Institute of Science and Technology (KAIST), Postal: [34141] 291 Daehak-ro, Yuseong-gu, Daejeon, Republic of Korea, https://www.kaist.ac.kr/kr/
Kyunghun Kim: Hongik University, Postal: [04066], 94, Wausan-ro, Mapo-gu, Seoul, Korea, https://www.hongik.ac.kr/index.do
Eunjung Kang: KOREA INSTITUTE FOR INTERNATIONAL ECONOMIC POLICY (KIEP), Postal: [30147] Building C Sejong National Research Complex 370 Sicheong-daero Sejong-si Korea, https://www.kiep.go.kr/eng/
Authors registered in the RePEc Author Service: Taesu Kang

No 21-6, World Economy Brief from Korea Institute for International Economic Policy

Abstract: In 2010, Korea's authorities announced foreign exchange-related macroprudential measures (MPMs) aimed at building resilience against external financial shocks. These measures have greatly contributed to limit systemic risk by curbing excessive capital inflows. Twelve years have passed since the global financial crisis started and ten years after the introduction of Korea's FX-related macro-prudential policy measures. Accordingly, this study check the performance and effectiveness of these policies and discuss how to improve macroprudential measures in response to emerging external risks.

Keywords: Korea; capital flow; macroprudential; policy; risk (search for similar items in EconPapers)
Pages: 6 pages
Date: 2021-03-03
New Economics Papers: this item is included in nep-cba and nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:ris:kiepwe:2021_006

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