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.

引用

页码：243 / 249

页数：7

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