변동환율제하에서의 원화환율의 특징

• 영문명: Characteristics of Korean Won under Freely Floating Exchange Rate Regime
• 발행기관: 한국공공정책학회
• 저자명: 이영광(Young Kwang Lee)
• 간행물 정보: 『공공정책연구』한국공공정책연구 제15호, 63~80쪽, 전체 18쪽
• 주제분류: 사회과학 > 정책학
• 파일형태: PDF
• 발행일자: 2004.06.01

영문 초록

Korean Won has been pegged to US dollar before Korea adopted a multiple-basket pegged exchange rate system in March 1980. Korea introduced the market average exchange rate system in March 1990 in which Won/dollar was determined on the basis of underlying demand-supply conditions in foreign exchange market. Since then, Korean "V on gradually depreciated against US dollar but showed big fluctuation in the late 1997 cunency crisis period. Taking advantage of the opportunity, Korea again shifted to a freely floating exchange rate system in December 1997. After the crisis, Korean Won has shown aligning itself with Japanese Yen in their exchange rate movements. It is because Korea's dependency on export is too high and Korea's export goods sharply competed with Japan's in world markets. Accordingly, such a phenomenon made Korea vulnerable to external shocks and hampered its stable economic growth. In coping with these expected problems, Korea should carry out reform by restructuring domestic banks and firms and strengthen their own competitiveness. They should also try to minimize the foreign exchange risk in the international trade and foreign investment by diversifying the cunencies of transaction. In the long run, it is desirable to make a mechanism of currency cooperation among Korea, China and Japan.

목차

Abstract

Ⅰ. 서론

Ⅱ. 원화환율의 변화추이

Ⅲ. 원화환율변동의 일반적 특징

Ⅳ. 원화환율의 동조화현상과 실증분석

Ⅴ. 결론

참고문헌