Safe-Haven Korea? : Spillover Effects from UMPs /

We examine how Korea's capital flows and trade have been affected by the quantitative easing (QE) of the United States and the quantitative and qualitative easing (QQME) of Japan. Korea is an intriguing case due to its borderline position between advanced and emerging market country groups, and...

Täydet tiedot

Bibliografiset tiedot
Päätekijä: Ree, Jack
Muut tekijät: Choi, Seoeun
Aineistotyyppi: Aikakauslehti
Kieli:English
Julkaistu: Washington, D.C. : International Monetary Fund, 2014.
Sarja:IMF Working Papers; Working Paper ; No. 2014/053
Linkit:Full text available on IMF
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245 1 0 |a Safe-Haven Korea? :   |b Spillover Effects from UMPs /  |c Jack Ree, Seoeun Choi. 
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490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a We examine how Korea's capital flows and trade have been affected by the quantitative easing (QE) of the United States and the quantitative and qualitative easing (QQME) of Japan. Korea is an intriguing case due to its borderline position between advanced and emerging market country groups, and the common perception that Korea competes fiercely with Japan in the world market for trade. We find that QE had little direct impact on capital flows to Korea, and tapering is unlikely to cause capital outflows from it owing to partial safe-haven behavior of capital flows to Korea. We also find that the exchange rate spillover from QQME to Korea has been limited both on trade and capital flow fronts. 
538 |a Mode of access: Internet 
700 1 |a Choi, Seoeun. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2014/053 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2014/053/001.2014.issue-053-en.xml  |z IMF e-Library