Managing non-core liabilities and leverage of the banking system : a building block for macroprudential policy making in Korea /

Managing non-core liabilities and leverage of the banking system : a building block for macroprudential policy making in Korea /

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Bibliographic Details
Author / Creator:	Alichi, Ali, author.
Imprint:	[Washington, D.C.] : International Monetary Fund, ©2012.
Description:	1 online resource (20 pages) : illustrations
Language:	English
Series:	IMF working paper ; WP/12/27 IMF working paper ; WP/12/27.
Subject:	Financial risk management -- Korea (South) Banks and banking -- State supervision -- Korea (South) Business cycles -- Korea (South) Banks and banking -- State supervision. Business cycles. Economic policy. Financial risk management. Korea (South) -- Economic policy. Korea (South)
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12499987

Hidden Bibliographic Details
Other authors / contributors:	Ryoo, Sang Chul, author. Hong, Cheol, author. International Monetary Fund. Asia and Pacific Department, issuing body.
ISBN:	9781463945589 1463945582
Notes:	At head of title: Asia and Pacific Department. Title from PDF title page (IMF Web site, viewed January 25, 2012). "January 2012." Includes bibliographical references.
Summary:	Korea has been active in implementing targeted macroprudential policies to address specific financial stability concerns. In this paper, we develop a conceptual model that could serve as a building block for the broader framework of macroprudential policy making in Korea. It is assumed that the policy maker imposes taxes on key aggregate financial ratios in the banking system to mitigate excessive leverage over the economic cycle. The model is calibrated for Korea. The results illustrate how countercyclical tools, such as simple taxes on key financial ratios, could be incorporated to enrich the broader macroprudential policy framework in the Korean context.
Other form:	Print version: Alichi, Ali. Managing Non-core Liabilities and Leverage of the Banking System: A Building Block for Macroprudential Policy Making in Korea. Washington : International Monetary Fund, ©2012 9781463932541

Description
Summary:	Korea has been active in implementing targeted macroprudential policies to address specific financial stability concerns. In this paper, we develop a conceptual model that could serve as a building block for the broader framework of macroprudential policy making in Korea. It is assumed that the policy maker imposes taxes on key aggregate financial ratios in the banking system to mitigate excessive leverage over the economic cycle. The model is calibrated for Korea. The results illustrate how countercyclical tools, such as simple taxes on key financial ratios, could be incorporated to enrich the broader macroprudential policy framework in the Korean context.
Item Description:	At head of title: Asia and Pacific Department. Title from PDF title page (IMF Web site, viewed January 25, 2012). "January 2012."
Physical Description:	1 online resource (20 pages) : illustrations
Bibliography:	Includes bibliographical references.
ISBN:	9781463945589 1463945582