The Bank of Korea: A Sixty-Year History

The Bank of Korea: A Sixty-Year History

Author: The Bank of Korea (Central Bank of South Korea)

Publisher: 길잡이미디어

Published: 2010-11-24

Total Pages: 304

ISBN-13: 899285837X

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Preface Chapter 1 Foundation of the Bank of Korea Chapter 2 The Bank of Korea Act Chapter 3 Organization and Functions of the Bank of Korea Chapter 4 Economic Development and the Bank of Korea Chapter 5 The Future Trajectory and Challenges of the Bank of Korea


Monetary Policy and Central Banking in Korea

Monetary Policy and Central Banking in Korea

Author: Woosik Moon

Publisher: Cambridge University Press

Published: 2022-02-24

Total Pages: 377

ISBN-13: 1316514986

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Examines the theory and practice of monetary policy in South Korea, and how certain policy tools can help manage financial crises.


The Korean Financial Crisis of 1997—A Strategy of Financial Sector Reform

The Korean Financial Crisis of 1997—A Strategy of Financial Sector Reform

Author: Mr.Angel J. Ubide

Publisher: International Monetary Fund

Published: 1999-03-01

Total Pages: 67

ISBN-13: 1451844646

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After years of strong performance, Korea’s economy entered a crisis in 1997, owing largely to structural problems in its financial and corporate sectors. These problems emerged in the second half of that year, when the capital inflows that had helped finance Korea’s growth were reversed, as foreign investors—reeling from losses in other Southeast Asian economies—decided to reduce their exposure to Korea. This paper focuses on the sources of the crisis that originated in the financial sector, the measures taken to deal with it, and the evolution of key banking and financial variables in its aftermath.


Financial Markets in Korea

Financial Markets in Korea

Author: The Bank of Korea (Central Bank of South Korea)

Publisher: 길잡이미디어

Published: 2013-11-28

Total Pages: 158

ISBN-13: 8997434950

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The Korean economy has achieved outstanding development not only in its real economy but also in the financial sector. Driven by the expansion in economic size and by the government’s policies to foster the capital markets and increase their openness, the Korean financial market has grown by more than 17 times over the past two decades since the 1990s. Financial market quality has also been greatly enhanced due to efforts to develop the financial infrastructure and improve the transaction techniques. As a result, global interest in the Korean financial market has increased significantly. In reflection of this upgraded international standing of the Korean financial market, the Bank of Korea now publishes this English edition of ?Financial Markets in Korea? for the first time. Initially published in 1999, this book has been revised every two to three years. This English edition is published along with the 2012 revision. Although its arrival is somewhat late, we hope that it will serve readers as a solid introduction to the overall Korean financial market. This book provides an overview of the Korean financial market structure, and of recent developments related to the individual markets. Chapter 1 introduces the structure and size of the financial market as a whole, while Chapters 2 through 4 describe the funding, capital and financial derivatives markets respectively, covering their trading terms and conditions, participants,transaction mechanisms and recent developments. Detailed explanations of recent major issues concerning the financial markets, including notable developments and institutional changes, are also available in the Boxes included throughout the text. It is hoped that this book will provide readers good guidance for a better understanding of Korea’s financial markets. Money markets Ⅰ. Overview Ⅱ. Call market Ⅲ. Repurchase agreement (RP) market Ⅳ. BOK repurchase agreement (RP) market Ⅴ. Certificate of deposit (CD) market Ⅵ. Commercial paper (CP) market Capital markets Ⅰ. Overview Ⅱ. Bond market Ⅲ. Monetary Stabilization Bond market Ⅳ. Asset-backed securities (ABS) market Ⅴ. Stock market Financial derivatives markets Ⅰ. Overview Ⅱ. Equity derivatives market Ⅲ. Interest rate derivatives market Ⅳ. Foreign exchange derivatives market Ⅴ. Credit derivatives market Ⅵ. Derivatives-linked securities market


FX Funding Risks and Exchange Rate Volatility–Korea’s Case

FX Funding Risks and Exchange Rate Volatility–Korea’s Case

Author: Mr.Jack Ree

Publisher: International Monetary Fund

Published: 2012-11-07

Total Pages: 29

ISBN-13: 1475565178

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This paper examines how exchange rate volatility and Korean banks’ foreign exchange liquidity mismatches interacted with each other during the Global Financial Crisis, and whether the vulnerability stemming from this interaction has been reduced since then. Structural and cyclical changes after the crisis, including decreasing demand for currency hedges and the diversifying investor base for bonds, point to a possible weakening of the interaction mechanism; and we find evidences are strongly supportive of this.


The Dawn of Modern Korea

The Dawn of Modern Korea

Author: Andreĭ Nikolaevich Lanʹkov

Publisher:

Published: 2007

Total Pages: 388

ISBN-13:

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"The 20th century was a time of great changes for any country, but in Korea these changes were especially dramatic. In 1960, it was one of the world's poorest countries. By 2000 it transformed itself into one of the world's largest economies. This astonishing transformation completely changed Koreans' daily life as well. This book describes how small but essential things have changes over the last century, and how new technology and ideas arrived in Korea for the first time. Within the last century photographs, newspapers, movies, restaurants, electric lights, cars (as well as accidents caused by them), subways, and so many other things appeared in Korea. In this book, the author details how these "modern things" changed the centuries-old ways of Korean life." -- BACK COVER.


Economic Crisis and Corporate Restructuring in Korea

Economic Crisis and Corporate Restructuring in Korea

Author: Stephan Haggard

Publisher: Cambridge University Press

Published: 2003-02-26

Total Pages: 374

ISBN-13: 9780521823630

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Asian business conglomerates have clearly been successful agents of growth, mobilizing capital, borrowing technology from abroad and spearheading Asia's exports. However, these firms have long had a number of organisational and financial weaknesses, including heavy reliance on debt, that make them vulnerable to shocks. Nowhere was this more true than in Korea, where the large corporate groups known as chaebol have dominated the economic landscape. This collection of essays by leading political scientists and economists provides a comprehensive look at the chaebol problem in the wake of the Asian financial crisis. The authors consider the historical evolution of the chaebol and their contribution to the onset of economic turmoil in 1997. The book analyses the government's short-run response to corporate and financial distress, and outlines an agenda for longer-term reform of the financial system, corporate governance and the politics of business-government relations.


Korea as a Knowledge Economy

Korea as a Knowledge Economy

Author: Chung-hae S?

Publisher: World Bank Publications

Published: 2007

Total Pages: 204

ISBN-13: 0821372025

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Korea's development process offers valuable lessons for other developing and less developed economies. In particular, the way Korea uses outside technologies, by accumulating indigenous capabilities, is still valid in the era of the knowledge economy. This volume examines the Korean model and Korea's march toward a knowledge economy from a poverty-ridden economy before the launch of full-scale industrialization in the early 1960s. It also emphasizes Korea's achievements, as well as remaining tasks within the four pillars of the knowledge economy, with a common theme throughout -- how Korea has narrowed the gaps in its knowledge and institutions in global competition with world leaders.


Asia's Next Giant

Asia's Next Giant

Author: Alice Hoffenberg Amsden

Publisher: Oxford University Press, USA

Published: 1989

Total Pages: 400

ISBN-13: 9780195076035

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South Korea has been quietly growing into a major economic force, even challenging Japan in some industries. This growth may be seen as an example of "late industrialization" and this book discusses this point.


Historical Dictionary of the Republic of Korea

Historical Dictionary of the Republic of Korea

Author: James E. Hoare

Publisher: Rowman & Littlefield

Published: 2015-06-09

Total Pages: 693

ISBN-13: 0810870932

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The Korean Peninsula lies at the strategic heart of East Asia, between China, Russia, and Japan, and has been influenced in different ways and at different times by all three of them. Across the Pacific lies the United State, which has also had a major influence on the peninsula since the first encounters in the mid-nineteenth century. Faced by such powerful neighbors, the Koreans have had to struggle hard to maintain their political and cultural identity. The result has been to create a fiercely independent people. If they have from time to time been divided, the pressures towards unification have always proved strong. This third edition of Historical Dictionary of the Republic of Korea covers its history through a chronology, an introductory essay, appendixes, and an extensive bibliography. The dictionary section has over 500 cross-referenced entries on important personalities, politics, economy, foreign relations, religion, and culture. This book is an excellent access point for students, researchers, and anyone wanting to know more about the Republic of Korea.