Monetary Policy and Central Banking in Korea

Abstract

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. •The first serious comprehensive work on the monetary policy in Korea not only for students and professors of economics but also for professionals of the financial market •As there are few studies available on Asian central banking, this is a unique opportunity to learn about monetary policy in countries other than the US •Updates recent conventional and unconventional monetary policies and monetary policy responses to the Covid-19 crisis.