Browse by Author "Yang, Da Young"

  • The Effect of Financial Market Integration on Monetary Policy and Long-term Interest Rate in Korea and Its Policy Implications 

    Kim, Kyunghun; Kim, Soyoung; Yang, Da Young; Kang, Eunjung (Korea Institute for International Economic Policy, 2018-03-09)
    Financial market integration mitigates production shocks that occur in a country by pooling the risk through portfolio diversification and this contributes to consumption smoothing for life-time utility maximization. Financial market integration also ...