Author/Editor: Minsuk Kim, Rui Mano, Mico Mrkaic.

Release Date:September, 2020

Central banks often buy or sell reserves-–-so called FX interventions (FXIs)---to dampen sharp exchange rate movements caused by volatile capital flows. At the same time, these interventions may more...

Author/Editor: Minsuk Kim.

Release Date:August, 2019

This paper examines how financial development influences the debt dollarization of nonfinancial firms in a sample of emerging market economies (EMEs). The macroeconomic channels are identified from more...

Author/Editor: Era Dabla-Norris, Si Guo, Vikram Haksar, Minsuk Kim, Kalpana Kochhar, Kevin Wiseman, Aleksandra Zdzienicka.

Release Date:March, 2015

Total factor productivity growth was stagnant or slowing in many advanced countries even prior to the crisis. This paper documents sector-level productivity patterns across advanced economies prior more...

Author/Editor: Sally Chen, Minsuk Kim, Marijn Otte, Kevin Wiseman, Aleksandra Zdzienicka.

Release Date:February, 2015

Balance sheet recessions have been a drag on activity after the Global Financial Crisis,underscoring the important role of balance sheet adjustment for resuming sustainedgrowth. In this paper we more...

Author/Editor: Vanessa Le Lesle, Franziska Ohnsorge, Minsuk Kim, Srikant Seshadri.

Release Date:July, 2014

There is much speculation regarding a “race for dominance” among financial centers in Asia, arising from the anticipated financial opening up of China. This frame of reference is, to an extent, a more...

Author/Editor: Sonali Jain-Chandra, Min Jung Kim, Sung Ho Park, Jerome Shin.

Release Date:May, 2013

Korea was hit hard by the 2008 global financial crisis, with the foreign bank deleveraging channel coming prominently into play. The global financial crisis demonstrated that a sharp deleveraging can more...