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Korea's Money Market
Region: Asia
Location: Korea, South
Published May 25, 2011
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Korea’s money market includes the call market as well as markets for monetary stabilization bonds (MSBs), negotiable certifi cates of deposit (CDs), repurchase agreements (repos), commercial paper (CP), and cover bills (CB). Korea’s money market so far seems to have been relatively immune to the global credit crunch generated by the crisis in the U.S. subprime mortgage markets. Korean interbank rates are rising, however, which suggests that banking liquidity remains tight

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