Republic of Korea: Selected Issues
September 11, 2008
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This Selected Issues paper for the Republic of Korea focuses on the role of monetary policy in the current context of slowing growth and rising inflation pressures. Korea has not remained immune to the global slowdown, and with the cycle turning downward, the trade-off between inflation and growth is deteriorating. Subprime-related turbulences in financial markets add an extra element of uncertainty to the economic outlook, and have led to a noticeable increase in Korea’s stock market and exchange rate volatility.
Subject: Banking, Financial crises, Financial institutions, Financial markets, Inflation, Mortgages, National accounts, Over-the-counter markets, Personal income, Prices
Keywords: Asia and Pacific, CR, debt, debt growth, Europe, Global, headline inflation, household debt, income, Inflation, interest rate, investment rate, ISCR, Mortgages, OTC market, Over-the-counter markets, payment ability, Personal income
Pages:
74
Volume:
2008
DOI:
Issue:
296
Series:
Country Report No. 2008/296
Stock No:
1KOREA2008001
ISBN:
9781451822236
ISSN:
1934-7685
