Money-income-prices nexus in Korea.
Using Geweke’s approach to Wiener-Granger Causality, money supply is found to be determinantly passive in Korea under the target-band-managed exchange rate regime. Administered interest rate and credit control rendered targeting of monetary aggregates futile as evidenced by strong unidirectional cau...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Final Year Project (FYP) |
| Language: | English |
| Published: |
2013
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/52990 |
| _version_ | 1826112517736235008 |
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| author | Kwang, Chan Chee. Wong, Chew Mun. Ling, Choo Hau. |
| author2 | Tan Khee Giap |
| author_facet | Tan Khee Giap Kwang, Chan Chee. Wong, Chew Mun. Ling, Choo Hau. |
| author_sort | Kwang, Chan Chee. |
| collection | NTU |
| description | Using Geweke’s approach to Wiener-Granger Causality, money supply is found to be determinantly passive in Korea under the target-band-managed exchange rate regime. Administered interest rate and credit control rendered targeting of monetary aggregates futile as evidenced by strong unidirectional causation running from interest rate to money supply. Inflation in Korea appears to have taken on a hybrid of cost push and demand pull hypotheses. As a highly open economy dominated by international trade, bidirectional feedbacks between exchange rate and domestic prices could be due to accommodative measures by Bank of Korea in her management of reserve surpluses and domestic inflationary built-up. |
| first_indexed | 2024-10-01T03:08:20Z |
| format | Final Year Project (FYP) |
| id | ntu-10356/52990 |
| institution | Nanyang Technological University |
| language | English |
| last_indexed | 2024-10-01T03:08:20Z |
| publishDate | 2013 |
| record_format | dspace |
| spelling | ntu-10356/529902023-05-19T07:23:09Z Money-income-prices nexus in Korea. Kwang, Chan Chee. Wong, Chew Mun. Ling, Choo Hau. Tan Khee Giap Nanyang Business School DRNTU::Business::Accounting Using Geweke’s approach to Wiener-Granger Causality, money supply is found to be determinantly passive in Korea under the target-band-managed exchange rate regime. Administered interest rate and credit control rendered targeting of monetary aggregates futile as evidenced by strong unidirectional causation running from interest rate to money supply. Inflation in Korea appears to have taken on a hybrid of cost push and demand pull hypotheses. As a highly open economy dominated by international trade, bidirectional feedbacks between exchange rate and domestic prices could be due to accommodative measures by Bank of Korea in her management of reserve surpluses and domestic inflationary built-up. ACCOUNTANCY 2013-05-29T06:50:37Z 2013-05-29T06:50:37Z 1996 1996 Final Year Project (FYP) http://hdl.handle.net/10356/52990 en Nanyang Technological University 84 p. application/pdf |
| spellingShingle | DRNTU::Business::Accounting Kwang, Chan Chee. Wong, Chew Mun. Ling, Choo Hau. Money-income-prices nexus in Korea. |
| title | Money-income-prices nexus in Korea. |
| title_full | Money-income-prices nexus in Korea. |
| title_fullStr | Money-income-prices nexus in Korea. |
| title_full_unstemmed | Money-income-prices nexus in Korea. |
| title_short | Money-income-prices nexus in Korea. |
| title_sort | money income prices nexus in korea |
| topic | DRNTU::Business::Accounting |
| url | http://hdl.handle.net/10356/52990 |
| work_keys_str_mv | AT kwangchanchee moneyincomepricesnexusinkorea AT wongchewmun moneyincomepricesnexusinkorea AT lingchoohau moneyincomepricesnexusinkorea |