FX Funding Risks and Exchange Rate Volatility-Korea's Case /
This paper examines how exchange rate volatility and Korean banks' foreign exchange liquidity mismatches interacted with each other during the Global Financial Crisis, and whether the vulnerability stemming from this interaction has been reduced since then. Structural and cyclical changes after...
|a FX Funding Risks and Exchange Rate Volatility-Korea's Case /
|c Jack Ree, Kyoungsoo Yoon, Hail Park.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2012.
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|a 1 online resource (29 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a This paper examines how exchange rate volatility and Korean banks' foreign exchange liquidity mismatches interacted with each other during the Global Financial Crisis, and whether the vulnerability stemming from this interaction has been reduced since then. Structural and cyclical changes after the crisis, including decreasing demand for currency hedges and the diversifying investor base for bonds, point to a possible weakening of the interaction mechanism; and we find evidences are strongly supportive of this.a.
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|a Mode of access: Internet
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|a Park, Hail.
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|a Yoon, Kyoungsoo.
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|a IMF Working Papers; Working Paper ;
|v No. 2012/268
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2012/268/001.2012.issue-268-en.xml
|z IMF e-Library