The Impact of Exchange Rate Fluctuations on Korean Firms and Its Policy Implications

7 Pages Posted: 14 Dec 2018

See all articles by Deok Ryong Yoon

Deok Ryong Yoon

Korea Institute for International Economic Policy

Hyo Sang Kim

Korea Institute for International Economic Policy

Date Written: December 7, 2018

Abstract

Recently, firm-level data have been made public, enabling analysis of the effect that exchange rates on the individual companies. The results will serve as a valuable basis to formulate sophisticated policies for companies and policy-makers.

The majority of previous studies related to exchange rates have been focused on macroeconomic variables or the analysis of industry effects. As a result, there is a limit when it comes to measuring the influence on individual companies and this, in turn, limits the sophistication of policy responses.

This study contributes to the line of literature that it not only investigates the effect that exchange rates on macro variables, but also analyzes the effects of exchange rate changes on firm activities.

Keywords: Exchange rate fluctuation, korea firms

Suggested Citation

Yoon, Deok Ryong and Kim, Hyo Sang, The Impact of Exchange Rate Fluctuations on Korean Firms and Its Policy Implications (December 7, 2018). KIEP Research Paper, World Economy Brief 18-32. Available at SSRN: https://ssrn.com/abstract=3299414 or http://dx.doi.org/10.2139/ssrn.3299414

Deok Ryong Yoon (Contact Author)

Korea Institute for International Economic Policy ( email )

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

Hyo Sang Kim

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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