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Korean Flow-of-Funds and Policy Evaluation: Comparison between Monetary Stabilization Bonds and Korean Treasury Bonds
https://doi.org/10.20561/00048520
https://doi.org/10.20561/00048520dc24208c-5630-431a-a414-ec10ab88e8dc
| 名前 / ファイル | ライセンス | アクション |
|---|---|---|
本文 (1.3 MB)
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| Item type | アジ研テクニカルレポート / IDE Technical Report(1) | |||||
|---|---|---|---|---|---|---|
| 公開日 | 2017-04-14 | |||||
| タイトル | ||||||
| タイトル | Korean Flow-of-Funds and Policy Evaluation: Comparison between Monetary Stabilization Bonds and Korean Treasury Bonds | |||||
| 言語 | ||||||
| 言語 | eng | |||||
| 資源タイプ | ||||||
| 資源タイプ識別子 | http://purl.org/coar/resource_type/c_18gh | |||||
| 資源タイプ | technical report | |||||
| ID登録 | ||||||
| ID登録 | 10.20561/00048520 | |||||
| ID登録タイプ | JaLC | |||||
| 著者 |
Kim, Jiyoung
× Kim, Jiyoung |
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| 著者別名 | ||||||
| 値 | 金, 志映 | |||||
| 抄録 | ||||||
| 内容記述タイプ | Abstract | |||||
| 内容記述 | This study evaluates the authorities' monetary policies on a "from-whom-to-whom" basis for Korean FOF tables and using the input–output analysis method. In order to compare the monetary policy of the central bank with that of the government, net induced investments (NII) are calculated and decomposed. The notable findings of this study are as follows. After the Asian financial crisis in 1997, negative investments by the financial sectors, induced by the central bank, increased drastically. The sign of total NII finally turned negative during the period of credit card distress. However, the global financial crisis in 2008 was a turning point, in which the NII of the financial sectors, and especially banks, switched to being positive. In contrast, net investments induced by the Korean government have shown a steady increase. In addition, other than in 2008, the effects of changes in the government portfolio have been positive and constant. In addition, the NII of a combination of financial instruments are used to analyze monetary or fiscal policy simulations. This method will provide useful indicators for policy authorities when needing to select optimal amounts and types of financial instruments for open-market operations. | |||||
| 権利 | ||||||
| 権利情報 | Copyrights 日本貿易振興機構（ジェトロ）アジア経済研究所 / Institute of Developing Economies, Japan External Trade Organization (IDE-JETRO) http://www.ide.go.jp | |||||
| 収録情報 |
IDE Discussion Paper en : IDE Discussion Paper 巻 664, 発行日 2017-04 |
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| 出版者 | ||||||
| 出版者 | Institute of Developing Economies (IDE-JETRO) | |||||
| 著者版フラグ | ||||||
| 出版タイプ | VoR | |||||
| 出版タイプResource | http://purl.org/coar/version/c_970fb48d4fbd8a85 | |||||
| 日本十進分類法 | ||||||
| 主題Scheme | NDC | |||||
| 主題 | 338.3 | |||||
| JEL分類 | ||||||
| 主題Scheme | Other | |||||
| 主題 | JEL:C67 - Input-Output Models | |||||
| JEL分類 | ||||||
| 主題Scheme | Other | |||||
| 主題 | JEL:E01 - Measurement and Data on National Income and Product Accounts and Wealth | |||||
| JEL分類 | ||||||
| 主題Scheme | Other | |||||
| 主題 | JEL:E58 - Central Banks and Their Policies | |||||
| JEL分類 | ||||||
| 主題Scheme | Other | |||||
| 主題 | JEL:G38 - Government Policy and Regulation | |||||
| 地域/国名 | ||||||
| 位置情報（自由記述） | 韓国 | |||||
| キーワード(LSH) | ||||||
| 主題Scheme | Other | |||||
| 主題 | Monetary policy | |||||
| キーワード(LSH) | ||||||
| 主題Scheme | Other | |||||
| 主題 | Finance | |||||
| キーワード(LSH) | ||||||
| 主題Scheme | Other | |||||
| 主題 | Banks | |||||
| キーワード(LSH) | ||||||
| 主題Scheme | Other | |||||
| 主題 | South Korea | |||||
| キーワード(LSH) | ||||||
| 主題Scheme | Other | |||||
| 主題 | Monetary policy evaluation | |||||
| キーワード(LSH) | ||||||
| 主題Scheme | Other | |||||
| 主題 | Flow-of-funds | |||||
| キーワード(LSH) | ||||||
| 主題Scheme | Other | |||||
| 主題 | Asset-liability-matrix | |||||
| フォーマット | ||||||
| 内容記述タイプ | Other | |||||
| 内容記述 | application/pdf | |||||
| DIG_NO | ||||||
| 内容記述タイプ | Other | |||||
| 内容記述 | IDP000664_001 | |||||
