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Assessing Macroprudential Policies: Case of South Korea

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  • Valentina Bruno
  • Hyun Song Shin

Abstract

In this paper, we develop methods for assessing the sensitivity of capital flows to global financial conditions. We use these methods to assess the impact of macroprudential policies introduced by South Korea in 2010. Relative to a comparison group of countries, we find that the sensitivity of capital flows into South Korea to global conditions decreased in the period following the introduction of macroprudential policies.

Suggested Citation

  • Valentina Bruno & Hyun Song Shin, 2014. "Assessing Macroprudential Policies: Case of South Korea," Scandinavian Journal of Economics, Wiley Blackwell, vol. 116(1), pages 128-157, January.
    • Handle: RePEc:bla:scandj:v:116:y:2014:i:1:p:128-157
    DOI: 10.1111/sjoe.12037
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    References listed on IDEAS

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