Monetary Policy and Central Banking in Korea

Examines the theory and practice of monetary policy in South Korea, and how certain policy tools can help manage financial crises.

This study is among the first to examine the theory and practice of monetary policy in South Korea. It examines how policy tools such as monetary policy, inflation targeting and macroprudential regulation have historically been used to manage the aftermath of financial crises, as well as ways they can be utilized to manage future crises.This study is among the first to examine the theory and practice of monetary policy in South Korea. Woosik Moon provides a detailed analysis of the central bank of South Korea, one of the most successful and important economies in Asia. He covers everything from monetary policy to inflation targeting and macroprudential regulation, explaining how these policy tools were used to deal with the aftermath of the 2007-2011 financial crisis. He then brings his study into our current moment, speculating as to how the use of these policies will change in order to deal with the fallout of the Covid-19 pandemic. This book offers in-depth investigations and the provision of the most up-to-date information about the Bank of Korea's monetary and financial actions, serving as essential reading for central bankers and professionals of financial markets around the world, as well as anyone interested in monetary policy-making.