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The effects of financial globalization on the Korean financial markets and monetary policy

机译：金融全球化对韩国金融市场和货币政策的影响

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Chung Kyuyung;
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年度 2005
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1. On the financial market impact of euro area monetary policy: A comparative study before and after the Global Financial Crisis [J] . Franziska Collingro, Michael Frenkel Global finance journal . 2020,第期

机译：论欧元区货币政策的金融市场影响：全球金融危机前后的比较研究
2. The impact of monetary policy on financial markets in small open economies: More or less effective during the global financial crisis? [J] . Pennings Steven, Ramayandi Arief, Tang Hsiao Chink Journal of Macroeconomics . 2015,第Null期

机译：货币政策对小型开放经济体金融市场的影响：在全球金融危机期间或多或少有效？
3. Financial Pressure, Monetary Policy Effects and Inventories: Firm-level Evidence from a Market-based and a Bank-based Financial System [J] . ANDREW BENITO Economica . 2005,第286期

机译：财务压力，货币政策影响和存货：基于市场和银行的金融系统的公司级证据
4. Financial market reaction to China's monetary policy communication: Does the crisis make a difference? [C] . Hu Rong-shang, Zhang Qiang International Conference on Management Science Engineering . 2014

机译：金融市场对中国货币政策沟通的反应：危机会有所作为吗？
5. Exchange rate dynamics under financial market frictions, exchange rate regime, capital market openness and monetary policy: The trilemma in Korea - Electoral cycle of exchange rate in Korea [D] . Ryou, Hyunjoo 2012

机译：金融市场摩擦，汇率制度，资本市场开放和货币政策下的汇率动态：韩国的三难困境-韩国汇率的选举周期
6. Non-traditional monetary policy and the future of the financial industries [O] . Willem Thorbecke -1

机译：非传统货币政策和金融行业的未来
7. Financial Development and the Distributional Effects of Monetary Policy Do the distributional consequences of monetary policy depend on the extent of financial development? Should optimal monetary policy vary across countries? In order to answer these questions, we develop a monetary growth production model with heterogeneous agents. In our economy, optimal policy needs to weigh the effects of policy across two groups — capital owners and individuals who hold liquid assets. While banks help limit the exposure to inflation, there are limits because money alleviates the frictions of private information and limited communication. In this environment, we compare two economies that are identical in every aspect except for their level of financial development. In a country with limited financial development, a stock market is absent. In the other, an equity market is active. In either economy, inflation adversely affects capital formation and output. Individuals who hold liquid assets are always adversely affected by inflation, but the attitude of capital owners depends on the level of financial development. In particular, in the presence of a stock market, the impact of inflation on the welfare of capital owners is non-monotonic. Nevertheless, optimal monetary policy is always more conservative at higher levels of financial development. [O] . TINA M. Edgar A. Ghossoub, TINA M. Robert R. Reedy 100

机译：金融发展和货币政策的分配效应货币政策的分配后果是否取决于金融发展的程度？各国的最优货币政策应该不同吗？为了回答这些问题，我们开发了一个具有异构代理的货币增长生产模型。在我们的经济中，最优政策需要权衡两个群体的政策效应 - 资本所有者和持有流动资产的个人。虽然银行帮助限制通胀风险，但存在限制，因为资金减轻了私人信息的摩擦和有限的沟通。在这种环境下，我们比较两个经济体在各个方面都是相同的，除了它们的金融发展水平。在金融发展有限的国家，缺乏股票市场。另一方面，股票市场活跃。在任一经济体中，通胀都会对资本形成和产出产生不利影响持有流动资产的个人总是受到通货膨胀的不利影响，但资本所有者的态度取决于金融发展的水平。特别是，在股票市场存在的情况下，通货膨胀对资本所有者福利的影响是非单调的。尽管如此，在较高的金融发展水平下，最优货币政策总是更加保守。
8. Monetary Policy in Emerging Market Economies: What Lessons From the Global Financial Crisis. International Finance Discussion Papers No. 1042 [R] . Coulibaly, B. 2012

机译：新兴市场经济体的货币政策：全球金融危机的教训。国际金融讨论文件第1042号

The effects of financial globalization on the Korean financial markets and monetary policy

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