Woon Gyu Choi

International Monetary Fund (IMF)

Senior Economist

700 19th Street NW

Washington, DC 20431

United States

  • International Monetary Fund (IMF)

SCHOLARLY PAPERS

23

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3,364

SSRN CITATIONS
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in Total Papers Citations

81

CROSSREF CITATIONS

20

Scholarly Papers (23)

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1.

Endogenous Money Supply and Money Demand

Downloads 427 (133,570)

Endogenous Money Supply and Money Demand

IMF Working Paper No. 00/188
Number of pages: 35 Posted: 03 Feb 2006
Woon Gyu Choi and Seonghwan Oh
International Monetary Fund (IMF) and Seoul National University
Downloads 348 (166,769)

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Money Demand, Money Supply Endogeneity, Financial Innovation, Monetary Policy Stance

Endogenous Money Supply and Money Demand

IMF Working Paper No. 00/188
Number of pages: 35 Posted: 11 Aug 2009
Woon Gyu Choi and Seonghwan Oh
International Monetary Fund (IMF) and Seoul National University
Downloads 79 (599,158)

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Money supply, Demand for money, Monetary policy, Economic models

2.

Capital Flows, Financial Integration, and International Reserve Holdings: The Recent Experience of Emerging Markets and Advanced Economies

IMF Working Paper No. 07/151
Number of pages: 38 Posted: 23 Aug 2007
Woon Gyu Choi, Sunil Sharma and Maria Strömqvist
International Monetary Fund (IMF), George Washington University - Elliott School of International Affairs and Brummer & Partners
Downloads 340 (172,368)
Citation 1

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Working Paper, Capital flows, Financial integration, Reserves, Liquidity

3.

Stock Market Liquidity and the Macroeconomy: Evidence from Japan

IMF Working Paper No. 05/6
Number of pages: 29 Posted: 10 Jan 2006
Woon Gyu Choi and David E. Cook
International Monetary Fund (IMF) and Hong Kong University of Science & Technology (HKUST) - Department of Economics
Downloads 262 (226,143)

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Stock market liquidity, Liquidity shocks, Vector autoregression

4.

Financial Market Risk and U.S. Money Demand

IMF Working Paper No. 07/89
Number of pages: 35 Posted: 16 May 2007
Woon Gyu Choi
International Monetary Fund (IMF)
Downloads 248 (238,716)

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Demand for money, United States, Capital markets, Credit risk, Liquidity, Money markets, Investment

5.

Trade Credit and the Effect of Macro-Financial Shocks: Evidence from U.S. Panel Data

IMF Working Paper No. 03/127
Number of pages: 35 Posted: 30 Jan 2006
Woon Gyu Choi and Yungsan Kim
International Monetary Fund (IMF) and Hanyang University
Downloads 232 (254,762)
Citation 23

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Trade Credit, Accounts Payable, Accounts Receivable, Monetary Policy, Credit Channel, Panel Data

6.

Dissecting Taylor Rules in a Structural VAR

Downloads 163 (351,005)

Dissecting Taylor Rules in a Structural VAR

IMF Working Paper No. 10/20
Number of pages: 27 Posted: 01 Feb 2010
Woon Gyu Choi and Yi Wen
International Monetary Fund (IMF) and Federal Reserve Bank of St. Louis - Research Department
Downloads 102 (507,912)

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Economic models, Economic stabilization, External shocks, Inflation targeting, Interest rate policy, Monetary policy, Productivity, Stabilization measures

Dissecting Taylor Rules in a Structural VAR

Federal Reserve Bank of St. Louis Working Paper 2010-005A
Number of pages: 33 Posted: 15 Mar 2010
Woon Gyu Choi and Yi Wen
International Monetary Fund (IMF) and Federal Reserve Bank of St. Louis - Research Department
Downloads 61 (690,322)
Citation 1

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endogenous monetary policy, Taylor rule, structural VAR, spectral decomposition

7.

Liability Dollarization and the Bank Balance Sheet Channel

IMF Working Paper No. 02/141
Number of pages: 27 Posted: 31 Jan 2006
Woon Gyu Choi and David E. Cook
International Monetary Fund (IMF) and Hong Kong University of Science & Technology (HKUST) - Department of Economics
Downloads 148 (380,237)
Citation 22

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bank balance sheet channel, foreign currency debt, sticky prices, depreciation

8.

Monetary Policy and Corporate Liquid Asset Demand

IMF Working Paper No. 01/177
Number of pages: 41 Posted: 03 Feb 2006
Woon Gyu Choi and Yungsan Kim
International Monetary Fund (IMF) and Hanyang University
Downloads 146 (384,361)

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monetary policy liquid asset demand loan commitments panel data

9.

Macroprudential Policy and Bank Systemic Risk: Does Inflation Targeting Matter?

Downloads 141 (395,217)

Macroprudential Policy and Bank Systemic Risk: Does Inflation Targeting Matter?

Number of pages: 46 Posted: 20 Jun 2023
Mohamed Belkhir, Sami Ben Naceur, Bertrand Candelon, Woon Gyu Choi and Farah Mugrabi
International Monetary Fund (IMF), International Monetary Fund (IMF), Catholic University of Louvain (UCL), International Monetary Fund (IMF) and Catholic University of Louvain (UCL)
Downloads 60 (695,967)

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Macroprudential Policies; Banks; Systemic Risk; Monetary Policy, Inflation Targeting

Macroprudential Policy and Bank Systemic Risk: Does Inflation Targeting Matter?

IMF Working Paper No. 2023/119
Number of pages: 46 Posted: 09 Jun 2023
Mohamed Belkhir, Sami Ben Naceur, Bertrand Candelon, Woon Gyu Choi and Farah Mugrabi
International Monetary Fund (IMF), International Monetary Fund (IMF), Catholic University of Louvain (UCL), International Monetary Fund (IMF) and Catholic University of Louvain (UCL)
Downloads 43 (807,582)

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Macroprudential Policies, Banks, Systemic Risk, Monetary Policy, Inflation Targeting, inflation targeting matter, role of inflation targeting, B data, IT country, emerging market economy, capital requirement, Macroprudential policy, Macroprudential policy instruments, Financial sector stability, Countercyclical capital buffers, Global

Macroprudential Policy and Bank Systemic Risk:Does Inflation Targeting Matter?

Number of pages: 47 Posted: 14 Feb 2024
Bertrand Candelon, Mohamed Belkhir, Sami Ben Naceur, Woon Gyu Choi and Farah Mugrabi
Catholic University of Louvain (UCL) - Louvain Finance (LFIN), International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund (IMF) and Central Bank of Ireland
Downloads 38 (846,710)

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Macroprudential Policies, Banks, Systemic Risk, Monetary Policy, Inflation Targeting

10.

Has Inventory Investment Been Liquidity-Constrained? Evidence from U.S. Panel Data

IMF Working Paper No. 01/122
Number of pages: 41 Posted: 01 Feb 2006
Woon Gyu Choi and Yungsan Kim
International Monetary Fund (IMF) and Hanyang University
Downloads 137 (404,085)

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inventory investment, liquidity constraint, monetary policy, panel data

11.

Fire Sales and the Financial Accelerator

IMF Working Paper No. 10/141
Number of pages: 30 Posted: 21 Jun 2010
Woon Gyu Choi and David E. Cook
International Monetary Fund (IMF) and Hong Kong University of Science & Technology (HKUST) - Department of Economics
Downloads 136 (406,413)
Citation 1

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Asset liquidation, Business cycles, Liquidity, Bankruptcy, Monetary policy, Risk premium

12.

Optimal Monetary Policy in a Small Open Economy with Habit Formation and Nominal Rigidities

IMF Working Paper No. 03/5
Number of pages: 34 Posted: 28 Jan 2006
Woon Gyu Choi and Yongseung Jung
International Monetary Fund (IMF) and Kyung-Hee University - Department of Economics
Downloads 136 (406,413)

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optimal monetary policy, small open economy, habit formations, sticky prices

13.

Divergent EME Responses to Global and Domestic Monetary Policy Shocks

Downloads 130 (421,046)

Divergent EME Responses to Global and Domestic Monetary Policy Shocks

Institute of Global Finance Working Paper Vol. 3, No. 1, Paper 2
Number of pages: 34 Posted: 23 Dec 2016
Woon Gyu Choi, Byongju Lee, Taesu Kang and Geun-Young Kim
International Monetary Fund (IMF), The Bank of Korea, The Bank of Korea and Research Dept., Bank of Korea
Downloads 76 (612,928)

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Global liquidity, Monetary transmission, Divergent responses, Panel factor-augmented VAR

Divergent EME Responses to Global and Domestic Monetary Policy Shocks

Bank of Korea WP 2016-15
Number of pages: 38 Posted: 15 Nov 2016
Woon Gyu Choi, Byongju Lee, Taesu Kang and Geun-Young Kim
International Monetary Fund (IMF), The Bank of Korea, The Bank of Korea and Research Dept., Bank of Korea
Downloads 54 (731,760)

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Global liquidity, Monetary transmission, Divergent responses, Panel factor-augmented VAR

14.

Global Liquidity Transmission to Emerging Market Economies, and Their Policy Responses

Downloads 128 (425,981)
Citation 13

Global Liquidity Transmission to Emerging Market Economies, and Their Policy Responses

Bank of Korea WP 2014-38
Number of pages: 38 Posted: 31 Mar 2015
Woon Gyu Choi, Taesu Kang, Geun-Young Kim and Byongju Lee
International Monetary Fund (IMF), The Bank of Korea, Research Dept., Bank of Korea and The Bank of Korea
Downloads 83 (581,497)
Citation 3

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Global liquidity, Policy responses, Panel Factor-Augmented VAR

Global Liquidity Transmission to Emerging Market Economies, and Their Policy Responses

IMF Working Paper No. 17/222
Number of pages: 32 Posted: 01 Dec 2017
Woon Gyu Choi, Taesu Kang, Geun-Young Kim and Byongju Lee
International Monetary Fund (IMF), The Bank of Korea, Research Dept., Bank of Korea and The Bank of Korea
Downloads 45 (792,588)
Citation 3

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Global liquidity, Inflation targeting, Panel Factor-Augmented VAR, International Policy Coordination and Transmission

15.

Asymmetric Effects of Government Spending: Does the Level of Real Interest Rates Matter?

IMF Working Paper No. 05/7
Number of pages: 37 Posted: 10 Jan 2006
Woon Gyu Choi and Michael B. Devereux
International Monetary Fund (IMF) and University of British Columbia (UBC) - Department of Economics
Downloads 121 (444,672)

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fiscal policy, government spending, Ricardian equivalence, real interest rates, regime switching, threshold vector autoregression

16.

New Keynesian Exchange Rate Pass-Through

IMF Working Paper No. 08/213
Number of pages: 27 Posted: 12 Sep 2008
Woon Gyu Choi and David E. Cook
International Monetary Fund (IMF) and Hong Kong University of Science & Technology (HKUST) - Department of Economics
Downloads 117 (456,000)

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Imports, Producer prices, Exchange rates, Exports, Trade models, Economic models, Working Paper

17.

The Inverted Fisher Hypothesis: Inflation Forecastability and Asset Substitution

IMF Working Paper No. 00/194
Number of pages: 36 Posted: 06 Feb 2006
Woon Gyu Choi
International Monetary Fund (IMF)
Downloads 95 (528,477)
Citation 1

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Inverted Fisher hypothesis, asset substitution, inflation forecastability, switching regression, threshold effect

18.

Loose Financial Conditions, Rising Leverage, and Risks to Macro-Financial Stability

IMF Working Paper No. 2021/222
Number of pages: 43 Posted: 15 Feb 2022
Yizhi Xu, Ken Gan, Manchun Wang, Adolfo Barajas, Woon Gyu Choi, Pierre Guérin and Samuel Mann
International Monetary Fund (IMF), International Monetary Fund (IMF), Independent, International Monetary Fund (IMF) - Western Hemisphere Department, International Monetary Fund (IMF), International Monetary Fund and International Monetary Fund (IMF)
Downloads 81 (582,690)

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leverage buildup, A. Macroprudential policy, loose financial conditions, Policy implication, B. Macroprudential policy, Credit booms, Macroprudential policy, Central bank policy rate, Macroprudential policy instruments, Financial sector stability, Global

19.

Divergent Emerging Market Economy Responses to Global and Domestic Monetary Policy Shocks

ADBI Working Paper 532
Number of pages: 30 Posted: 07 Jun 2018
Woon Gyu Choi, Taesu Kang, Geun-Young Kim and Byongju Lee
International Monetary Fund (IMF), The Bank of Korea, Research Dept., Bank of Korea and The Bank of Korea
Downloads 57 (698,999)

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divergent responses, global liquidity, monetary transmission, panel factor-augmented VAR

20.

Policy Conflicts and Inflation Targeting: The Role of Credit Markets

IMF Working Paper No. 18/72
Number of pages: 37 Posted: 22 May 2018
Woon Gyu Choi and David E. Cook
International Monetary Fund (IMF) and Hong Kong University of Science & Technology (HKUST) - Department of Economics
Downloads 49 (747,202)
Citation 2

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Inflation targeting, Central banks and their policies, Policy Conflicts, Taylor rule, and Macroprudential Policy, Credit Growth, Macroprudential Policy, Monetary Policy (Targets, Instruments, and Effects)

21.

The Inverted Fisher Hypothesis: Inflation Forecastability and Asset Substitution"

IMF Working Paper No. 00/194
Number of pages: 36 Posted: 11 Aug 2009
Woon Gyu Choi
International Monetary Fund (IMF)
Downloads 38 (824,592)

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Inflation, Economic forecasting, Economic models

22.

Jobs as Collateral: Employment Dynamics

Number of pages: 39 Posted: 20 Sep 2023
Woon Gyu Choi and David E. Cook
International Monetary Fund (IMF) and Hong Kong University of Science & Technology (HKUST) - Department of Economics
Downloads 32 (873,764)

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financial accelerator, financial frictions, financial shock, labor-market search frictions, balance sheets, endogenous separations, monetary policy, credit policy

23.

Measuring Interest Rates as Determined by Thrift and Productivity

Choi, Woon Gyu, and Yi Wen, 2007, “Measuring Interest Rates as Determined by Thrift and Productivity,” Annals of Economics and Finance, Vol. 8 (May), pp. 159–185.
Posted: 10 Jun 2009 Last Revised: 04 Oct 2021
Yi Wen and Woon Gyu Choi
Federal Reserve Bank of St. Louis - Research Department and International Monetary Fund (IMF)

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Interest rate, Marginal rate of substitution, Marginal rate of transformation, General equilibrium, Asset