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Author/Editor:
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Ree, Jack ; Yoon, Kyoungsoo ; Park, Hail
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Publication Date:
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November 07, 2012
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Electronic Access:
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Free Full text
(PDF file size is 2,318KB).
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.
The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
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Summary:
This paper examines how exchange rate volatility and Korean banks’ foreign exchange liquidity mismatches interacted with each other during the Global Financial Crisis, and whether the vulnerability stemming from this interaction has been reduced since then. Structural and cyclical changes after the crisis, including decreasing demand for currency hedges and the diversifying investor base for bonds, point to a possible weakening of the interaction mechanism; and we find evidences are strongly supportive of this.
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Order a print copy
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Series:
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Working Paper No. 12/268
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Subject(s):
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Foreign exchange | Korea, Republic of | Banks | Exchange rates | Exchange rate variability | Financial systems | Capital markets | External shocks
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English
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Publication Date:
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November 07, 2012
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ISBN/ISSN:
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9781475565171/2227-8885
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Format:
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Paper
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Stock No:
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WPIEA2012268
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Pages:
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29
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Price:
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US$18.00 )
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Please address any questions about this title to
publications@imf.org
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