Republic of Korea: Financial System Stability Assessment
IMF Staff Country Reports, May 20, 2014
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- Canonical URL
- Republic of Korea: Financial System Stability Assessment
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Bibliographic details
- Published: May 20, 2014
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484399118.002
Overview
- The report highlights that the Korean economy is experiencing a modest recovery, helped by supportive monetary and fiscal policies and buoyant exports.
- With stronger exports and muted domestic demand, the current account surplus has widened.
Macroeconomic outlook
- GDP growth is expected to rebound to 2.8 percent in 2013.
- GDP growth is expected to 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.
- The current account surplus is expected to reach about 5.5 percent of GDP in 2013.
Financial system focus and themes
- Subject areas covered include: Asset and liability management; Banking; Commercial banks; Financial crises; Financial institutions; Financial regulation and supervision; Financial sector policy and analysis; Liquidity; Stress testing.
- Keywords emphasise banking-sector vulnerabilities and supervisory concerns: bank, bank default, bank recapitalization fund, banking group, banking sector, BOK, capital base, Commercial banks, CR, FSS examination, Global, ISCR, Liquidity, liquidity profile, market, market risk exposure, procedure, return on assets, risk profile, rollover rate, Stress testing.