Results 1-2 of 2
Redefining Liquidity for Monetary Policy
(Korea Institute for International Economic Policy, 2018-01-30)
This paper proposes a monetary aggregate “Liquidity” that could serve as a useful indicator for gauging the appropriateness of monetary policy. If liquidity rises above a certain threshold, it is signaling that monetary policy is losing traction due ...
A Proposal for a New Regional Financial Arrangement: The Reserve Liquidity Line
(Korea Institute for International Economic Policy, 2014-12-30)
This paper examines the limitations of the Chiang Mai Initiative Multilateralization (CMIM) as a regional financial safety net in East Asia, and proposes a new regional financial arrangement. To overcome the drawbacks of the CMIM, which has never been ...