Posted

November 04, 2013 09:34:17 AM

Date

2013-06

Author

Valentina Bruno and Hyun Song Shin

Affiliation

American University and Princeton University

Title

Assessing Macroprudential Policies: Case of Korea

Summary /
Abstract

This paper develops methods for assessing the sensitivity of capital flows to global financial conditions, and applies the methods in assessing the impact of macroprudential policies introduced by Korea in 2010. Relative to a comparison group of countries, we find that the sensitivity of capital flows into Korea to global conditions decreased in the period following the introduction of macroprudential policies.

Keywords

Capital flows, credit booms, macroprudential policy

URL

http://www.tcmb.gov.tr/yeni/konferans/Required_Reserves/Reserve_Requirements_files/Hyun_Song_Shin-paper2.pdf

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