FX Funding Risks and Exchange Rate Volatility–Korea’s Case
Download or Read eBook FX Funding Risks and Exchange Rate Volatility–Korea’s Case PDF written by Mr.Jack Ree and published by International Monetary Fund. This book was released on 2012-11-07 with total page 29 pages. Available in PDF, EPUB and Kindle.
| Author | : Mr.Jack Ree |
| Publisher | : International Monetary Fund |
| Total Pages | : 29 |
| Release | : 2012-11-07 |
| ISBN-10 | : 9781475565171 |
| ISBN-13 | : 1475565178 |
| Rating | : 4/5 (71 Downloads) |
Book Synopsis FX Funding Risks and Exchange Rate Volatility–Korea’s Case by : Mr.Jack Ree
Book excerpt: 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.
