Earticle

초록

영어

As a result of driving the liberalization policy of capital movement, the Korea's financial market has been perfectly opened to foreigners under the present circumstances. Since the 1998, the Korea's Current Accounts has consistently maintained surplus, and high level of capital mobility has resulted in the excessive change in reserve assets. The floating exchange rate system and the liberalization of capital movement has exerted lots of effects on the effectiveness of Korean monetary policy, which was showed to produce an effective influence on economic equilibrium. However, several monetary policies including sterilization policy was restrictedly affected by free movement of capital in reality. This paper has concentrated on the degree of offset effect on sterilization policy by free capital movements for 2000~2006. The result of empirical analysis shows that sterilization coefficient and offset coefficient are gradually diminished according to improvement in capital movement.

목차

Abstract
 I. 머리말
 Ⅱ. 한국 통화정책의 추이
  1. 한국은행 대출
  2. 지급준비율
  3. 공개시장조작
 Ⅲ. 자본수지와 통화운용
  1. 자본유·출입 현황
  2. 통화량 변동추이
 Ⅳ. 통화정책의 실효성 분석
  1. 불태화정책 계수
  2. 자본유출입의 상쇄효과
 Ⅴ. 맺음말
 참고문헌

키워드

저자

• 이종섭 [ Jong Sup Lee | 군산대학교 사회과학대학 경제통상학부 무역학전공 교수 ]
• 임용택 [ Yong Taek Lim | 군산대학교 사회과학대학 경제통상학부 무역학전공 교수, ]

참고문헌

발행기관

간행물

표지보기 관심저널 등록

• 간행물명

  무역통상학회지 [Journal of Korea Research Association of International Commerce]

• 간기

  격월간

• pISSN

  1738-4354

• 수록기간

  2001~2025

• 등재여부

  KCI 등재

• 십진분류

  KDC 326 DDC 380