The Impact of rising international interest rates on developing countries: The South Korean experience
Bernhard Fischer and
Thomas Mayer
No 153, Kiel Working Papers from Kiel Institute for the World Economy (IfW Kiel)
Abstract:
This paper evaluates the impact of rising international interest rates on the South Korean economy during the seventies with the help of an econometric macro model. The results show that there was an induced reduction of investment and GDP, yet inflationary pressures were somewhat mitigated by a lowering of capital inflows.
Date: 1982
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:ifwkwp:153
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