MK Business News Logo
Saturday, October 25, 2014 search icon
검색 search
Top Stories
Finance
Market
Economy
Companies
General
Opinion Editorial
Archive
Photo
Subscribe to MK English Newsletter
World Knowledge Forum

Home > mk Business News 프린트 이메일 전송 리스트
IMF says S. Korean won underestimated 2-8 pct
By Lee Sang-deok
2013.08.04 12:31:42
보내기
The International Monetary Fund estimated that the South Korean won is undervalued by two to eight percent (in real terms) considering the nation’s economic fundamentals.

[IMF says S. Korean won underestimated 2-8 pct] 기사의 본문 이미지


The IMF released the 2013 Pilot External Sector Report on Thursday that showed the currency values for the euro zone and 28 other countries and their foreign reserve holdings.

The IMF noted that based on the real and effective exchange rate which reflects currency’s overseas value and purchasing power, Korea’s won is undervalued two to eight percent taking into account of mid-term economic fundamentals. It also diagnosed the nation’s foreign reserve holdings which reached 180 percent of the nation’s short-term external debts are sufficient.

The IMF added it is reasonable to increase foreign currency reserves in proportion to the nation’s debt growth, but not necessary to accrue foreign currency reserves as the preventative measure for the possible currency crisis. Such analysis came from the judgment that there exist risks in inflow and outflow, but the nation has sound financial structures and it does not face excessive capital inflows. Regarding monetary policies, it also urged Korea to intervene in mitigating excessive volatility and left other issues in the hands of the market .



[ⓒ Maeil Business Newspaper & mk.co.kr, All rights reserved]

경제용어사전 프린트 이메일 전송 리스트

PDF list
Fri, Oct 24, 2014
Latest News
S. Korea’s growth driver exports suf..
Smartphone faceoff: Samsung Galaxy No..
Hyundai Motor Group wins bid to acqui..
Seoul and Washington agree to postpon..
SK Hynix announces record Q3 earnings..
‘Choinomics’ produces lukewarm resu..
Ground broken for S. Korea’s biggest..
Gov’t gives green light to elementar..
S. Korean businesses counteracting ‘..
FTA, active e-commerce crucial to ove..
Press Releases&Speeches
[Press Release] 2014 Northeast Asia P..
[Press Release] Real Gross Domestic P..
Today Vocab&Phases
[10/27 Mon] Audited financial statements
thereby, hereby
Announcement

Terms of Use | Advertise With Us | Privacy Policy | Copyright Policy | Contact Us | Unauthorized collection of e-mail addresses disapproved
Copyrightⓒ 2009 Maeil Business Newspaper & MK Inc. All rights reserved.