Time to Rethink Monetary Policy in Emerging Economies: Touching the Tip of an Iceberg

10 Pages Posted: 28 Apr 2016

See all articles by Il Houng Lee

Il Houng Lee

The Bank of Korea - Monetary Policy Department; Korea Institute for International Economic Policy

Kyunghun Kim

Korea Institute for International Economic Policy

Eun Jung Kang

Korea Institute for International Economic Policy

Date Written: March 8, 2016

Abstract

Emerging economies are struggling to keep their growth momentum alive in the face of waning global demand. Yet, they are partly handicapped by the loss of monetary policy independence and greater exposure to potential capital reversal. Against this background, a comprehensive review of all their policy options are in order, including both macro policy instruments, micro measures, and global safety net aimed at attaining the best possible solution to escaping global recession.

Keywords: monetary policy, emerging economies

Suggested Citation

Lee, Il Houng and KIim, Kyunghun and Kang, Eun Jung, Time to Rethink Monetary Policy in Emerging Economies: Touching the Tip of an Iceberg (March 8, 2016). KIEP Research Paper No. World Economy Update-16-06, Available at SSRN: https://ssrn.com/abstract=2771581 or http://dx.doi.org/10.2139/ssrn.2771581

Il Houng Lee (Contact Author)

The Bank of Korea - Monetary Policy Department

39, Namdaemun-ro
Jung-gu
Seoul, 100-794
Korea, Republic of (South Korea)

Korea Institute for International Economic Policy ( email )

Seoul 137-602

Kyunghun KIim

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

Eun Jung Kang

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

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