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
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Citable URI
http://hdl.handle.net/11540/10544Metadata
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