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    1%-Point Interest Rate Differential: A Tipping Point for Massive Capital Outflows?

    Kang, Tae Soo | July 2018
    Abstract
    The Bank of Korea (BoK) has reacted in a somewhat different manner from other emerging central banks. The BoK’s policy rate has frozen in the range of 1.50 percent during the past seven months since November 2017. The rate gap between the Fed and the BoK expanded to 0.50 percent points after the June FOMC meeting. The global financial markets expect two more rate hikes by the Fed this year. There has been a strong argument that capital outflows are unavoidable in situations where the interest rate gap between the Fed and Bok widens to over 1%-points. What poses a threat to financial market participants and policy makers is a massive "sudden stop" of capital movements.
    Citation
    Kang, Tae Soo. 2018. 1%-Point Interest Rate Differential: A Tipping Point for Massive Capital Outflows?. © Korea Institute for International Economic Policy. http://hdl.handle.net/11540/8606.
    Keywords
    Financial Stability
    Financial Management System
    Financial Restructuring
    Capital Market Development
    Market Development
    Economics
    Erosion
    International Economics
    Macroeconomic
    Macroeconomic Analysis
    Performance Evaluation
    Impact Evaluation
    Foreign and Domestic Financing
    Foreign Direct Investment
    International Financial Market
    Multilateral Financial Institutions
    Economic Recession
    Market
    Crisis
    Economic indicators
    Growth models
    Gross domestic product
    Macroeconomics
    Economic forecast
    Business Financing
    Investment Requirements
    Business recessions
    Multilateral development banks
    Regulatory reform
    Capital
    Exports
    Economic development projects
    Economic policy
    Economic forecasting
    Investment Requirements
    Banks
    International banks and banking
    Capital movements
    Central banks and banking
    Bills of exchange
    Swaps
    Banks and banking
    Financial crisis
    Credit control
    Credit allocation
    Capital market
    Show allCollapse
    Citable URI
    http://hdl.handle.net/11540/8606
    Metadata
    Show full item record
    Thumbnail
    KIEPopinions_no139.pdf (191.3Kb)
    Author
    Kang, Tae Soo
    Theme
    Finance
    Economics

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    Copyright 2016-2020 Asian Development Bank Institute, except as explicitly marked otherwise