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Overview of International Capital Flows after Korea had barely recovered from the aftermath of the 1997 Asian financial crisis, the country was hit by yet another crisis, the global financial crisis. There were many causes for these two crises, but international capital flows were prime among them. Therefore, a good understanding of capi四指套 发表于 2025-3-22 06:29:56
Macroeconomic Effects of Capital Account Liberalization: The Case of Koreaets to capture the benefits of capital inflows.. However, in a number of cases, capital account liberalization and ensuing capital surges seem to be associated with financial crises. We also observe that, following capital account liberalization, many countries experience so-called “boom-bust cyclesAscendancy 发表于 2025-3-22 10:06:57
Do Capital Inflows Matter to Asset Prices? The Case of Koreabust cycles related to capital flows. The boom-bust cycle begins with a boom stage of credit expansion, investment increases, asset prices rises, and capital inflow surges, and ends up with a bust stage when all of those reverse. As a result, simultaneous occurrences of huge capital inflows and asse喧闹 发表于 2025-3-22 16:22:10
Capital Flows in Korea after Capital Account Liberalizationrging markets that traditionally experience shortages of capital. Should the capital introduced abruptly flow out of a country, however, it delivers a great shock to that country’s economy. This has been well illustrated by the Asian financial crisis of the late 1990s and the global financial crisisangiography 发表于 2025-3-22 17:14:13
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Why Macroprudential Policy? Brief Overviewactors behind credit growth and capital flows. Calvo et al. (1993, 1996) famously distinguished the global “push” factors for capital flows from the country-specific “pull” factors, and the Bank for International Settlements (BIS) report on global liquidity (the “Landau report”) has highlighted the变形词 发表于 2025-3-23 06:54:45
Impact of FX-Related Macroprudential Measures in Korea: An AssessmentThe costs of these volatile capital flows were brought to light when about 50 billion dollars of portfolio and other investments—amounting to 5.2 percent of nominal gross domestic product (GDP) in 2008—flowed out of the financial system in the three months following the Lehman Brothers failure in Se