Korean MPC member says economy ‘relatively safe’ from impact of Fed taper
Korea will be "relatively safe" from the impact of the Federal Reserve tapering its asset purchases, according to Woosik Moon, a member of the central bank's monetary policy committee (MPC), because of the "soundness" of its economy.
Moon today told CentralBanking.com that emerging economies such as Korea are at risk of seeing capital flee from their bond markets, which contain a high proportion of foreign investors, as global liquidity contracts.
Consequently, he explained, the "main impact" of
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