Effects of Monetary Policy Shocks on the Exchange Rate in the Republic of Korea: Capital Flows in Stock and Bond Markets
Several studies have suggested that the prediction of standard theory on the effects of monetary policy on the exchange rate might not be applicable to or in the case of the Republic of Korea because participation of foreign investors is weak in the bond market but strong in the stock market. The cu...
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| Format: | Article |
| Language: | English |
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The MIT Press
2014-03-01
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| Series: | Asian Development Review |
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| Online Access: | https://www.mitpressjournals.org/doi/pdf/10.1162/ADEV_a_00023 |