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The IMF’s High Interest Rate Policy and Its Effects on the Stabilization of the Korean Won

East Asian Economic Review, 2000
There has been a lively debate whether high interest rates were effective in stabilizing the exchange rate in the wake of the Asian currency crisis. Many economists insist that high interest rates not only failed to stabilize the Korean won, but also ...
Tae-Joon Kim , Jai-Won Ryou
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Monetary Policy Independence during Reversal Phases of Domestic-Foreign Interest Rate Differentials

East Asian Economic Review
This study examines how the independence of monetary policy changes in situations where the interest rate differential between domestic and foreign rates inverts, utilizing the trilemma indices.
Kyunghun Kim
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Cross-country panel analysis justifying tighter control over short-term interest rates

International Review of Economics & Finance
These days, many central banks have achieved a high degree of control over their operational targets, and the short-term interest rates have been tightly stabilized around their target rates.
Batkhurel Serdavaa
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Monetary Policy’s Third Interest Rate [PDF]