The Bank of Korea
pension funds, risk-taking, capital markets, financial system
외환시장유동성, Market Liquidity, 안정성, Stability, E-GARCH
Financial Globalization, Externalities, Institutionalization
economies of scale, productivity spillovers
Agricultural Development, Demographic Dividend, Industrial Development
currency convertibility, currency swaps, currency hedge, procyclical capital flows, non-deliverable currency