Korea's Economy
From the Issue
Korea's Economy Volume 24About Korea's Economy
Korea’s Economy is KEI’s annual journal publication dedicated to the key issues of the day for the Korean economy. Articles in Korea’s Economy are designed to give the casual, but informed reader insight into issues related to Korea’s markets and financial institutions, economic reform, economic relations with the wider world, and North Korea. It is published jointly each year with the Korea Institute for International Economic Policy.
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