| Description |
1 online resource (378 p.) |
| Contents |
Cover -- Half-title page -- Title page -- Copyright page -- Dedication -- Contents -- List of Figures -- List of Tables -- List of Boxes -- Preface and Acknowledgements -- List of Abbreviations -- Part I What Is the Goal of Korean Monetary Policy? -- 1 The Goals of Economic and Monetary Policy -- 1.1 The Evolving Goals of Economic Policy in the Korean Economy -- 1.2 Tools of Macroeconomic Stabilisation -- 1.3 The Goals of Monetary Policy -- Part II How Does Money Affect the Korean Economy? -- 2 Money and the Evolution of Monetary Standards -- 2.1 Commodity Money Standard |
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2.2 Paper Money Standard -- 2.3 Development of Electronic Means of Payment -- 2.4 Measurement of Money in Korea -- 3 The Transmission Channels of Money and Credit -- 3.1 Money and Prices -- 3.2 Money and Real Output -- 3.3 The Relationship between Inflation and Output Fluctuation -- Part III How Is Monetary Policy Conducted in Korea? -- 4 The Organisation and Functions of the Bank of Korea -- 4.1 A Short History of the Bank of Korea -- 4.2 The Roles and Functions of the Bank of Korea -- 4.3 The Structure and Quality of the Monetary Policy Board -- 4.4 Independence and Accountability |
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5 The Monetary Policy Strategies of the Bank of Korea -- 5.1 Monetary Policy Strategy prior to the Currency Crisis -- 5.2 Inflation Targeting Strategy -- 5.3 Determination of Monetary Policy Direction under Inflation Targeting -- 6 Inflation Targeting in Korea -- 6.1 Key Practical Issues for Targeting Inflation in Korea -- 6.2 Assessing Inflation Targeting in Korea -- 6.3 Low CPI Inflation and High#x84;-Rent#x84; Inflation -- 7 The Tools and Instruments of Monetary Policy -- 7.1 The Assets and Liabilities of the Bank of Korea -- 7.2 Credit Policy Tools -- 7.3 Monetary Policy Tools |
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7.4 Stand-by Lending and Deposit Facilities -- 8 Monetary Policy without Money -- 8.1 Equivalence between Reserve Targeting and Interest Rate Targeting -- 8.2 Decoupling under Interest Rate Targeting -- 8.3 The Operation of the Corridor System -- 8.4 Guiding Yield Curve -- 9 Foreign Exchange Market Intervention and Monetary Policy -- 9.1 Overview of Foreign Exchange Market Intervention in Korea -- 9.2 Intervention by the Bank of Korea and the Foreign Exchange Stabilisation Fund -- 9.3 Exchange Rate Adjustment through Monetary Policy -- Part IV How Is Financial Stability Pursued in Korea? |
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10 Financial Crisis and the Role of Government -- 10.1 A Brief Overview of the Currency and Financial Crises in Korea -- 10.2 The 1997 Currency Crisis and Government Failure -- 10.3 The 2008 and 2020 Crises and Policy Responses -- 11 Macro-prudential Regulation and Supervision -- 11.1 Regulation and Supervision in Korea -- 11.2 Domestic Macro-prudential Policy -- 11.3 Global Macro-prudential Regulations -- 12 Crisis Management and Lender of Last Resort -- 12.1 Who Is Responsible as the Lender of Last Resort? -- 12.2 The Government as the Lender of Last Resort |
| Summary |
Examines the theory and practice of monetary policy in South Korea, and how certain policy tools can help manage financial crises |
| Notes |
Description based upon print version of record |
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12.3 The Bank of Korea as the Lender of Last Resort |
| Form |
Electronic book
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| ISBN |
9781009089340 |
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100908934X |
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