Series: IMF Working Papers
Author(s): Subir Lall , Selim Elekdag , and Harun Alp
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 January 2012
Keywords: financial accelerator, Bayesian estimation, DSGE model, Korea, emerging economies, exchange rate, inflation, economy,
Korea was one of the Asian economies hardest hit by the global financial crisis. Anticipating the downturn that would follow the episode of extreme financial stress, the Bank of Korea (BOK) let the exchange rate de...