민홍기 교수

No AccessPolicy Research Working Papers21 Jun 2013Determinants of Emerging Market Bond Spread: Do Economic Fundamentals Matter?Authors/Editors: Hong G. MinHong G. Minhttps://doi.org/10.1596/1813-9450-1899SectionsAboutPDF (0.1 MB) ToolsAdd to favoritesDownload CitationsTrack Citations ShareFacebookTwitterLinked In Abstract:March 1998 Macroeconomic variables matter and so does liquidity. External shocks (international interest rates) appear not to matter. In the 1990s international bond issues fro

The authors investigate how the thinness of foreign-exchange markets causes destabilization speculation, especially when exchange-rate flexibility is increased, as it has been in the countries involved in the Asian crisis. They analyze the impact of this market thinness on the dynamic capital mobility and capital market risk of four countries involved in the Asian crisis: Indonesia, the Republic of Korea, Malaysia, and Thailand. Using the vector-autoregression model, impulse response functions,

No AccessPolicy Research Working Papers25 Jun 2013Dynamic Capital Mobility, Capital Market Risk, and Exchange Rate Misalignment: Evidence from Seven Asian CountriesAuthors/Editors: Hong G. MinHong G. Minhttps://doi.org/10.1596/1813-9450-2025SectionsAboutPDF (0.2 MB) ToolsAdd to favoritesDownload CitationsTrack Citations ShareFacebookTwitterLinked In Abstract:December 1998 This study of recent instability in seven Asian countries-Hong Kong, Indonesia, the Republic of Korea, Malaysia, the Philippi

Min and Park explore how Korea's financial structure others' diminish, suggesting that monetary policies affects the volatility of asset prices. Documented should target different asset markets to achieve different empirical evidence of the relationship between financial goals. If the goal of the monetary authority is to stabilize structure and financial crisis sheds light on the the money market rate, for example, intervening in the relationship between asset price volatilityextreme banking sec