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Working Papers
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Industrial Structures of the Czech Republic and Slovakia
Sang-Hyun Park Date 1992.12.30
Industrial Structure -
The Economic Situation and Investment Environment in Hainan Province
Ho-Jin Roh Date 1992.12.30
Economic Development -
Conversion of Defense Industries in the Russian Far East: Current Situation and Challenges
Pyoung-Hee Choi Date 1992.12.30
Industrial Policy -
An Analysis of the Land Usage System in China
Soo-Woong Choi Date 1992.12.30
Foreign Direct Investment -
Vietnam's Strategy for Development of Natural Resources
Mun-Sik Lee Date 1992.12.30
Economic Development -
Strategy for Korean Investment in China: A Case-by-Case Review
Gwan-Ho Paik Date 1992.12.30
Overseas Direct Investment -
1993 World Economic Environment: An Outlook
Co-authors Date 1992.12.30
Economic Development, Economic Outlook -
Economic Cooperation between Korea and Eastern European Countries
Jung-Jae Chung Date 1992.12.30
Economic Reform, Economic Cooperation -
Korea's Recent Foreign Exchange Rate System
The initial goal of the paper was to evaluate the working of the MAR system which was adopted in Korea in March 1990. However, since the system is only two years and several months old, no credible macroeconomic empirical test cou..
Jin Chun Kim Date 1992.12.30
Exchange RateDownloadContentSummaryThe initial goal of the paper was to evaluate the working of the MAR system which was adopted in Korea in March 1990. However, since the system is only two years and several months old, no credible macroeconomic empirical test could be accomplished due to the lack of data. It was also necessary to review the history of Korea's foreign exchange rate system in order to shed light on the background and rationale of the MAR system. Therefore, instead of only investigating the functioning of the MAR system, this paper reviewed the whole history of the foreign exchange rate system and evaluated the MCBP system which was adopted for the period of March 1980 through February 1990. This system is important in understanding the MAR system since it was the first effort made in Korea in the direction of a market-oriented foreign exchange rate system. This paper also reviewed Taiwan's central exchange rate system since it was the system that Korea followed in the name of the MAR system.