지원사업
학술연구/단체지원/교육 등 연구자 활동을 지속하도록 DBpia가 지원하고 있어요.
커뮤니티
연구자들이 자신의 연구와 전문성을 널리 알리고, 새로운 협력의 기회를 만들 수 있는 네트워킹 공간이에요.
논문 기본 정보
- 자료유형
- 학술저널
- 저자정보
- 발행연도
- 2010.1
- 수록면
- 25 - 42 (18page)
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We consider Korea and Japan in East Asia as the representative country of each of the two groups: high- versus low-depreciation economies during the 2008 global financial crisis. Although the two countries have geographical and industrial similarities, their exchange rate change during the crisis was notably opposite, and so were the macro-economic performances. Particularly, exchange rate and trade flows turned out to have played a major role in creating such differences. Exporting firms significantly outperformed the stock market in Korea, while underperforming in the Japanese stock market during the crisis. However, we could not find this pattern prior to the crisis. The difference caused by the exchange rate change, particularly in time of turmoil of the substantial economic recession and depreciation.
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등록된 정보가 없습니다.
참고문헌 (18)
참고문헌 신청
Canzoneri, M. B. / 1985 / Monetary policy games and the consequences of non-cooperative behavior / International Economic Review 26:547~564
Cecchetti, S. G. / 2009 / Crisis and responses: The federal reserve in the early stages of the financial crisis / Journal of Economic Perspectives 23:51~75
Choudhri, E. U. / 1980 / The exchange rate and the international transmission of business cycle disturbances / Journal of Money, Credit and Banking 12:565~574
Corsetti, G. / 2001 / Welfare and macroeconomic interdependence / The Quarterly Journal of Economics 116:421~445
Dı´az-Roldan, C. / 2004 / International monetary policy coordination under asymmetric shocks / International Advances in Economic Research 10:72~82
Cecchetti, S. G. / 2009 / Crisis and responses: The federal reserve in the early stages of the financial crisis / Journal of Economic Perspectives 23:51~75
Choudhri, E. U. / 1980 / The exchange rate and the international transmission of business cycle disturbances / Journal of Money, Credit and Banking 12:565~574
Corsetti, G. / 2001 / Welfare and macroeconomic interdependence / The Quarterly Journal of Economics 116:421~445
Dı´az-Roldan, C. / 2004 / International monetary policy coordination under asymmetric shocks / International Advances in Economic Research 10:72~82
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