[图书][B] FX funding risks and exchange rate volatility–Korea's case
This paper examines how exchange rate volatility and Korean banks' foreign exchange
liquidity mismatches interacted with each other during the Global Financial Crisis, and
whether the vulnerability stemming from this interaction has been reduced since then.
Structural and cyclical changes after the crisis, including decreasing demand for currency
hedges and the diversifying investor base for bonds, point to a possible weakening of the
interaction mechanism; and we find evidences are strongly supportive of this.
liquidity mismatches interacted with each other during the Global Financial Crisis, and
whether the vulnerability stemming from this interaction has been reduced since then.
Structural and cyclical changes after the crisis, including decreasing demand for currency
hedges and the diversifying investor base for bonds, point to a possible weakening of the
interaction mechanism; and we find evidences are strongly supportive of this.
FX funding risks and exchange rate volatility
This paper examines how exchange rate volatility and Korean banks' foreign exchange
liquidity mismatches interacted with each other during the Global Financial Crisis, and
whether the vulnerability stemming from this interaction has been reduced since then.
Structural and cyclical changes after the crisis, including decreasing demand for currency
hedges and the diversifying investor base for bonds, point to a possible weakening of the
interaction mechanism; and we find evidence that is strongly supportive of this.
liquidity mismatches interacted with each other during the Global Financial Crisis, and
whether the vulnerability stemming from this interaction has been reduced since then.
Structural and cyclical changes after the crisis, including decreasing demand for currency
hedges and the diversifying investor base for bonds, point to a possible weakening of the
interaction mechanism; and we find evidence that is strongly supportive of this.
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