TY  - BOOK
AU  - Ree,Jack
AU  - Park,Hail
AU  - Ree,Jack
AU  - Yoon,Kyoungsoo
TI  - FX Funding Risks and Exchange Rate Volatility-Korea's Case
T2  - IMF Working Papers; Working Paper
SN  - 1475565178 :
SN  - 1018-5941
PY  - 2012///
CY  - Washington, D.C.
PB  - International Monetary Fund
KW  - Bonds
KW  - imf
KW  - Dollar Funding Market
KW  - Exchange Rate Volatility
KW  - Exchange Rate
KW  - Foreign Exchange Liquidity Mismatch
KW  - Hedging
KW  - Korea, Republic of
N2  - This paper examines how exchange rate volatility and Korean banks' foreign exchange liquidity mismatches interacted with each other during the Global Financial Crisis, and whether the vulnerability stemming from this interaction has been reduced since then. Structural and cyclical changes after the crisis, including decreasing demand for currency hedges and the diversifying investor base for bonds, point to a possible weakening of the interaction mechanism; and we find evidences are strongly supportive of this
UR  - http://elibrary.imf.org/view/IMF001/20082-9781475565171/20082-9781475565171/20082-9781475565171.xml
UR  - http://www.imfbookstore.org/IMFORG/9781475565171
ER  -