우리나라 외화자금순환표의 구축 = Building Flow of FX Funds Table: The Case of Korea

다국어 초록 (Multilingual Abstract)

Based on BOP, External Debt, Assets and IIP tables we build the flow of FX funds table. The table shows comprehensive measure of FX transactions of the banking sector, the non-banking sector, the monetary authority and the government. While the FX FoF table heavily depends on BOP table both IIP and External Debt, Assets tables are used to make up for either insufficient or no information BOP table supplies. The constructed table does not provide detailed information as much as the won FoF table formally published on the regular basis. However, based on bird eye`s view it gives very accurate measure of FX transactions.

참고문헌 (Reference)

1 김경수, "우리나라 대외자산․부채 변동요인의 분석" 한국국제경제학회 18 (18): 29-58, 2012

2 김승원, "외환보유액이 단기외채 유입에 미치는 영향" 한국국제경제학회 17 (17): 51-73, 2011

3 한국은행, "알기쉬운 경제지표 해설" 한국은행 통계국 2010

4 금융감독원, "금융통계월보 각호"

5 Lane, Philip R., "The external wealth of nations mark II: Revised and extended estimates of foreign assets and liabilities, 1970～2004" 73 (73): 223-250, 2007

6 Gourinchas, Pierre-Olivier, "The Financial Crisis and the Geography of Wealth Transfers" NBER 2012

7 Calvo, Guillermo A., "The Capital Inflows Problem : Concepts and issues" 12 (12): 54-66, 1994

8 Aizenman, Joshua, "International Reserves: Precautionary versus Mercantilist Views, Theory and Evidence" 18 (18): 191-214, 2007

9 Kim, K. S., "Global Financial Crisis and Korean Economy, In Asia and Global Financial Crisis" The Federal Reserve Bank 277-284, 2009

10 Gourinchas, Pierre-Olivier, "From World Banker to World Venture Capitalist: U.S. External Adjustment and the Exorbitant Privilege" NBER 2005

11 Obstfeld, Maurice, "Does the Current Account Still Matter?" NBER 2012

12 Kim, G. -Y., "Currency Mismatch in the Korean Banking Sector: Stylized Facts and its Determinants" mimeograph 2009