Republic of Korea: Selected Issues
July 17, 2001
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The paper discusses potential output, the output gap, and inflation in Korea. The paper explores the information content of potential leading indicators of inflation. A broadly balanced current account has been the suggested norm for Korea over the medium term. The challenge is to help build a more robust bond market that prices risk appropriately. The features of pension schemes in Korea and the problems they face are outlined. The paper reviews pension reform, banking sector, corporate sector, and foreign exchange crises with respect to Korea.
Subject: Banking, Commercial banks, Corporate bonds, Expenditure, Financial institutions, Labor, Loans, Pension spending, Pensions
Keywords: Asia and Pacific, Commercial banks, corporate bond bond market, Corporate bonds, CR, East Asia, Global, interest coverage ratios, interest-coverage ratio, ISCR, Loans, money demand equation, output gap, Pension spending, Pensions, reserves-to-broad money ratio, S-I norm, TFP series, two-step estimation procedure
Pages:
143
Volume:
2001
DOI:
Issue:
101
Series:
Country Report No. 2001/101
Stock No:
1KOREA0012001
ISBN:
9781451822052
ISSN:
1934-7685
