Tip:
Highlight text to annotate it
X
For a detailed analysis on the effects the Federal Reserve's tapering of its stimulus
program might have on Korea and the rest of the region, we are joined on the line by Yang
Jun-sok , professor of economics at the Catholic University of Korea. Good morning, Professor
Yang....
1. What are the likely impacts on the Korean economy from the Fed's decision to start trimming
its stimulus program?
2. Many analysts have predicted that tighter monetary policy in the U.S. will cause capital
flight from Asian economies, including Korea. Do you agree with that? And, if so, what steps
should policymakers and companies take to cope with such a scenario?
3. Tighter liquidity in the U.S. would probably mean a stronger U.S. dollar and weaker Japanese
yen. Given that Korea, Japan, China and Taiwan compete in export markets, do you expect a
currency war in the coming months.
Thank you for your insights, professor. That was Professor Yang Jun-sok , professor of
economics at the Catholic University of Korea on the possible effects the Fed's tapering
might have on Korea and the rest of the region.