Money-income-prices nexus in Korea.

• Main Authors: Kwang, Chan Chee., Wong, Chew Mun., Ling, Choo Hau.
• Other Authors: Tan Khee Giap
• Format: Final Year Project
• Language: English
• Published: 2013
• Subjects: DRNTU::Business::Accounting
• Online Access: http://hdl.handle.net/10356/52990
• Institution: Nanyang Technological University

Using Geweke’s approach to Wiener-Granger Causality, money supply is found to be determinantly passive in Korea under the target-band-managed exchange rate regime. Administered interest rate and credit control rendered targeting of monetary aggregates futile as evidenced by strong unidirectional cau...