信用政策的有效性:来自韩国的证据

IF 1 Q4 DEVELOPMENT STUDIES

Asian Development Review Pub Date : 2019-03-01 DOI:10.1162/adev_a_00128

Jiho Lee

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引用次数: 1

摘要

为了应对全球金融危机和随后的大衰退，各国央行采取了各种非常规措施。除其他外，信贷政策在许多发达经济体得到了广泛应用。然而，无论是政策制定者还是学术学者，对信贷政策的理解都远不如非常规货币政策。本文揭示了什么是信贷政策，它与其他央行政策的区别，以及它的风险和局限性。特别是，我研究了信贷政策是否有效地刺激了大韩民国的实体经济。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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The Effectiveness of Credit Policy: Evidence from the Republic of Korea

In response to the global financial crisis and subsequent Great Recession, central banks embarked on a variety of unconventional measures. Among others, credit policy has been widely employed in many advanced economies. However, credit policy is far less understood than unconventional monetary policy by both policy makers and academic scholars. This paper sheds new light on what credit policy is, how it differs from other central bank policies, and what its risks and limitations might be. In particular, I examine whether credit policy has been effective in stimulating the real economy in the Republic of Korea.

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来源期刊

Asian Development Review Social Sciences-Development

CiteScore

2.30

自引率

0.00%

发文量

审稿时长

53 weeks

期刊介绍： The Asian Development Review is a professional journal for disseminating the results of economic and development research carried out by staff and resource persons of the Asian Development Bank (ADB). The Review stresses policy and operational relevance of development issues rather than the technical aspects of economics and other social sciences. Articles are refereed and intended for readership among economists and social scientists in government, private sector, academia, and international organizations.