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    Policy Measures and Exchange Rate Policy: The Case Study on Korea

    Kim, Kyunghun | June 2016
    Abstract
    Several research institutions have forecast that global economic growth this year will be slow and weak, as in the past few years. Key contributing factors are China's rebalancing process, the US monetary policy normalization, and slowdowns in emerging market economies (EMEs). Korea is not an exception. The country has been recording minus growth in exports for 16 consecutive months. Of particular concern are the shipbuilding and shipping industries, which are the backbone of the Korean economy, and have been showing extremely poor performance during the last couple of years due to deficient global demand and excessive supply. The total amount of loans provided by government-run banks to major companies in the shipbuilding and shipping industries reaches over 20 trillion won. Since this could give rise to financial instability, the Korean government, at this stage, is considering "Korean Quantitative Easing". Korean Quantitative Easing (QE) differs from QE in the US. In the case of Korean QE, the central bank buys bad debts from government-run banks and gives out loans to insolvent companies or the government.
    Citation
    Kim, Kyunghun. 2016. Policy Measures and Exchange Rate Policy: The Case Study on Korea. © Korea Institute for International Economic Policy. http://hdl.handle.net/11540/10544.
    Keywords
    Macroeconomic
    Macroeconomic Analysis
    Macroeconomic Framework
    Macroeconomic Models
    Macroeconomic Performance
    Macroeconomic Planning
    Macroeconomic Policies
    Macroeconomic Reform
    Macroeconomic Stabilization
    Results-Based Monitoring And Evaluation
    Project Evaluation & Review Technique
    Project Evaluation
    Program Evaluation
    Performance Evaluation
    Operations Evaluation
    Evaluation Methods
    Evaluation
    Social condition
    Economic dependence
    Economic assistance
    International monetary relations
    International monetary relations
    International trade
    National accounting
    Market
    Project impact
    Development projects
    Program management
    Performance appraisal
    Project appraisal
    Technology assessment
    Economic indicators
    Growth models
    Gross domestic product
    Macroeconomics
    Economic forecast
    Exports
    Exports
    Exchange
    Comparative economics
    Index number
    Monetary policy
    Value analysis
    Adjustment cost
    Transaction cost
    Conditionality
    International relations
    Cumulative effects assessment
    Grievance procedures
    Participatory monitoring and evaluation
    Exchange rate
    Economic development projects
    Economic policy
    Economic forecasting
    Exchange rates
    Show allCollapse
    Citable URI
    http://hdl.handle.net/11540/10544
    Metadata
    Show full item record
    Thumbnail
    KIEPopinions_no86.pdf (262.1Kb)
    Author
    Kim, Kyunghun
    Theme
    Economics
    Evaluation

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    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise