Republic of Korea: Selected Issues

Author: International Monetary Fund

Volume/Issue: Volume 2008 Issue 296

Publication date: September 2008

ISBN: 9781451822236

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Finance , Economics- Macroeconomics , ISCR , CR , debt , headline inflation , interest rate , income , household debt , OTC market , investment rate , debt growth , payment ability , Personal income , Mortgages , Inflation , Over-the-counter markets , Global , Asia and Pacific , Europe

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Summary

This Selected Issues paper for the Republic of Korea focuses on the role of monetary policy in the current context of slowing growth and rising inflation pressures. Korea has not remained immune to the global slowdown, and with the cycle turning downward, the trade-off between inflation and growth is deteriorating. Subprime-related turbulences in financial markets add an extra element of uncertainty to the economic outlook, and have led to a noticeable increase in Korea’s stock market and exchange rate volatility.