Assessing Macroprudential Policies: Case of South Korea*
开发了评估资本流动对全球金融条件敏感性的方法，并用于分析韩国2010年宏观审慎政策的效果，发现政策实施后资本流入对全球条件的敏感性下降。
Abstract In this paper, we develop methods for assessing the sensitivity of capital flows to global financial conditions. We use these methods to assess the impact of macroprudential policies introduced by South Korea in 2010. Relative to a comparison group of countries, we find that the sensitivity of capital flows into South Korea to global conditions decreased in the period following the introduction of macroprudential policies.