Republic of Korea: Financial System Stability Assessment

Publication Date: May 20, 2014
Electronic Access: Free Full text (PDF file size is 1,456KB).
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Summary: This Financial System Stability Assessment report on the Republic of Korea highlights that the Korean economy is experiencing a modest recovery, helped by supportive monetary and fiscal policies and buoyant exports. GDP growth is expected to rebound to 2.8 percent in 2013, and strengthen further to 3.7 percent in 2014, in view of the projected global recovery and a gradual pickup in domestic demand. Inflation has fallen to 0.7 percent in October 2013 from 4.2 percent in 2011. With stronger exports and muted domestic demand, the current account surplus has widened and is expected to reach about 5.5 percent of GDP in 2013.
Series: Country Report No. 14/126
Subject(s): Financial sector | Banks | Stress testing | Bank supervision | Bank resolution | Insurance | Capital markets | Securities markets | Macroprudential Policy | Financial system stability assessment | Korea, Republic of

Publication Date: May 20, 2014
ISBN/ISSN: 9781484399118/1934-7685 Format: Paper
Stock No: 1KOREA2014002 Pages: 54
US$18.00 (Academic Rate:
US$18.00 )
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