Essay On Overvalued Exchange Rate

Essay About Korean Government And Overvalued Exchange Rate
Pages • 1

Analysis of the Success of Export Promotion in Korea from 1960 To1979 Background Throughout the 1950s, the Korean government maintained an overvalued exchange rate, regulated interest rates and bank lending, and undermined central bank independence. The overvaluation of the Korean won under these rates either reduced the government’s burden or increased its revenues. The government.

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