NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Assessing Macroprudential Policies: Case of Korea

Valentina Bruno, Hyun Song Shin

NBER Working Paper No. 19084
Issued in May 2013
NBER Program(s):   IFM

This paper develops methods for assessing the sensitivity of capital flows to global financial conditions, and applies the methods in assessing the impact of macroprudential policies introduced by Korea in 2010. Relative to a comparison group of countries, we find that the sensitivity of capital flows into Korea to global conditions decreased in the period following the introduction of macroprudential policies.

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Document Object Identifier (DOI): 10.3386/w19084

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