[책] Republic of Korea: Selected Issues (IMF, 2008)

• 출처: International Monetary Fund (2008). Republic of Korea: Selected Issues (IMF Country Report No. 08/296). September 2008. 
• 자료: 구글도서, 

※ Some words in the starting pages:

This selected Issues paper for the Republic of Korea was prepared by a staff team of the IMF. It is based on the information available at the time it was completed on August 14, 2008. The views expressed in this document are those of the staff team and do not necessarily reflect the views of the government of the Republic of Korea or the Executive Board of the IMF.

The policy of publication of staff reports and other documents by the IMF allows for the deletion of market-sensitive information.

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Prepared by Meral Karasulu, Yougesh Khatri, Erik Lueth, Murtaza Syed (all APD), and Randall Dodd (MCM)

Approved by the Asia and Pacific Department

August 14, 2008

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※ Main Contents:

Executive Summary  (3)

I. Rising Prices, Slowing Growth, and the Implications for Monetary Policy  (4)

• A / B / C / D / E / Appendix I.1

II. Stress Testing Household Debt in Korea  (17)

• A. Introduction  (17)
• B. What Explains Korean Households' Debt Levels?  (20)
• C. Stress Tests  (22)
• D. Conclusions  (27)
• Appendix II.1. Description of the Data References  (32)

III. Korea's Banking SectorㅡLiquidity Risk Management in the Face of Structural Trends and Deregulation  (34)

• A. Introduction  (34)
• B. Banks' Increasing Wholesale Funding Dependence and Liquidity Risk  (34)
• C. Liquidity Risk ManagementㅡRecent Development and Next Steps  (40)
• D. Deregulation, Competition, and Banks' Business Models  (43)
• E. Conclusions  (46)
• References  (47)

IV. Lessons and Policy Recommendations from the Financial Crisis  (48)

• A. Introduction  (48)
• B. General Lessons from the Financial Crisis  (48)
• C. Lessons for Korea's Mortgage Market  (51)
• D. Lessons for Korea's OTC Financial Markets  (53)
• E. Dealing with Liquidity Risk  (55)
• F. Complexity of Financial Products  (56)
• G. Addressing Regulatory Gaps  (58)
• H. Policy Response Measures  (59)

V. What Determines Investment in Korea?  (60)

• A. Introduction  (60)
• B. Investment in Korea: Stylized Facts  (60)
• C. Econometric Analysis  (64)
• D. Policy Implications  (67)
• Appendix V.1. Description of the Data  (71)
• References  (72)

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