Woosik Moon (Seoul National University)

Monetary Policy and Central Banking in Korea (eBook, PDF)

• Format: PDF

Produktbeschreibung

This study is among the first to examine the theory and practice of monetary policy in South Korea. Woosik Moon provides a detailed analysis of the central bank of South Korea, one of the most successful and important economies in Asia. He covers everything from monetary policy to inflation targeting and macroprudential regulation, explaining how these policy tools were used to deal with the aftermath of the 2007-2011 financial crisis. He then brings his study into our current moment, speculating as to how the use of these policies will change in order to deal with the fallout of the Covid-19 pandemic. This book offers in-depth investigations and the provision of the most up-to-date information about the Bank of Korea's monetary and financial actions, serving as essential reading for central bankers and professionals of financial markets around the world, as well as anyone interested in monetary policy-making.

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Produktdetails

• Verlag: Cambridge University Press
• Erscheinungstermin: 9. Februar 2022
• ISBN-13: 9781009089340
• Artikelnr.: 70910760

Autorenporträt

Woosik Moon is Professor of Economics at the Graduate School of International Studies, Seoul National University. He was a member of the Monetary Policy Board of the Bank of Korea, from 2012 to 2016.

Inhaltsangabe

Preface
Part 1. What is the Goal of Korean Monetary Policy: 1. The goals of economic and monetary policy
Part II. How does Money Affect the Korean Economy: 2. Money and the evolution of monetary standards
3. The transmission channels of monetary policy
Part III. How is Monetary Conducted in Korea?: 4. The organisation and functions of the Bank of Korea
5. The monetary policy strategies of the Bank of Korea
6. Inflation targeting in Korea
7. The tools and instruments of monetary policy
8. Monetary policy without money
9. Foreign exchange market intervention and monetary policy
Part IV. How is Financial Stability Pursued in Korea?: 10. The financial crisis and its impact on Korean economy
11. Macro-prudential policy
12. Crisis management and lender of last resort
Part V. What Will Be the Challenge for Future Monetary Policy in Korea: 13. Monetary policy under low growth and low inflation.