Asian Financial Crisis and Exchange Rate Pass-Through in Korea
| dc.creator | Lee, Minsoo | |
| dc.date | 2017-04-01T13:54:53Z | |
| dc.date.accessioned | 2026-07-09T06:49:26Z | |
| dc.description | This paper empirically examines the asymmetric price setting behavior on exchange rate volatility from foreign firms of Korea’s major trading partners which causes an incomplete exchange rate pass-through into import prices in Korea. The study demonstrates that there exists a significant difference between the exchange rate pass-through to aggregate import prices in Korea during the post-Asian financial crisis period and its counterpart during the pre-crisis period. The results from time series data support that both short-term and long-term exchange rate pass-through elasticities to import prices in the Korean economy during the post-Asian financial crisis period are greater than those during the pre-crisis period. The pass-through can be endogenous to the monetary policy regime. For the case of Korea, pass-through rates into import prices at least during the post-crisis period are more a function of macroeconomic conditions and international markets than the domestic monetary policy. | |
| dc.identifier | doi:10.22004/ag.econ.143484 | |
| dc.identifier | https://ageconsearch.umn.edu/record/143484/files/Lee%20Final%20_Nov_.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/143484 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/581247 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/143484 | |
| dc.title | Asian Financial Crisis and Exchange Rate Pass-Through in Korea | |
| dc.type | Text |