Volatile Capital Flows in Korea

Part I. Overview

1. Overview of International Capital Flows
Kyuil Chung, Hail Park, Changho Choi

Part II. Capital Account Liberalization and Its Consequences

2. Macroeconomic Effects of Capital Account Liberalization: The Case of Korea
Soyoung Kim, Sunghyun H. Kim, Yunjong Wang

3. Do Capital Inflows Matter to Asset Prices? The Case of Korea
Soyoung Kim, Doo Yong Yang

4. Capital Flows in Korea after Capital Account Liberalization
Hail Park, Daeyup Lee, Kyuil Chung

Part III. Policy Responses before and during the Crisis

5. Capital Inflows and Policy Responses: Lessons from Korea’s Experience
Kyuil Chung, Seungwon Kim

6. Dislocations in the Won-Dollar Swap Markets during the Crisis of 2007–2009
Naohiko Baba, Ilhyock Shim

Part IV. Macroprudential Policy after the Crisis and Suggestion for Institutional Reform

7. Why Macroprudential Policy? Brief Overview
Valentina Bruno, Hyun Song Shin

8. Impact of FX-Related Macroprudential Measures in Korea: An Assessment
Changho Choi

9. Mitigating Systemic Spillovers from Currency Hedging
Kyuil Chung, Hail Park, Hyun Song Shin

Part V. Epilogue

10. The Second Phase of Global Liquidity and Its Impact on Emerging Economies
Hyun Song Shin

Avainsanat: Economics, Macroeconomics/Monetary Economics//Financial Economics, Business Finance, Accounting/Auditing, Finance, general, Investments and Securities, International Economics