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from Part IV - How Is Financial Stability Pursued in Korea?
Published online by Cambridge University Press: 17 February 2022
Ensuring the stability of Korea’s financial system has been an important goal of the BoK. The competence for maintaining financial stability through the appropriate micro-prudential measures has, however, always rested with the government and thus the BoK was not able to implement a financial stability policy separately. In the wake of the 2008 global financial crisis, however, this situation has changed and led to the adoption and development of macro-prudential policies by the BoK. This chapter looks at how macro-prudential policy is implemented in Korea.
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