Is there currency substitution in Korea?

被引：0
|
作者：
Lee, S. R. [1 ]
机构：
[1] Dongguk Univ, Dept Econ, Seoul 100715, South Korea
来源：
INTERNATIONAL AREA STUDIES REVIEW | 2010年 / 13卷 / 03期
关键词：
Currency substitution; Korea;
D O I：
10.1177/223386591001300313
中图分类号：
D81 [国际关系];
学科分类号：
030207 ;
摘要：
This paper examines the existence of currency substitution in Korea. By examining the money demand in Korea using quarterly 3-month forward exchange rate premium as a proxy for expected change in exchange rate, this paper concludes that currency substitution does not exist in Korea during the post financial crisis period after 1997. Monetary independence under a flexible exchange rate system appears to hold in Korea.
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页码：243 / 249
页数：7
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