MK Business News Logo
Thursday, July 31, 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
Money circulation stalled in S. Korea
2013.08.20 11:15:10 | 2013.08.20 16:45:31
보내기
Money circulation has been stalled in South Korea, the US and Japan even after central banks in the countries pumped massive money to shore up an economic recovery.

Korea’s monetary base exceeded 100 trillion won ($89.2 billion) for the first time, but monetary multiplier, an indicator of currency in circulation, dropped to the lowest level since 2000.

[Money circulation stalled in S. Korea ] 기사의 본문 이미지

Monetary multiplier in the US and Japan also hit record lows after the launch of quantitative easing.

As of end-June, monetary multiplier, which is defined as M2 divided by the monetary base, slipped to 18.7 times, the lowest since 2000, according to the Bank of Korea (BOK) and financial investment industry sources Tuesday.

The decline in monetary multiplier came as the central bank has injected a lot of money, but money does not circulate well in the market.

Monetary base in Korea grew from 83 trillion won in January to 101 trillion won in June, but M2 climbed merely 2.6 percent from 1,845 trillion won to 1,893 trillion won over the corresponding period.

The more people are inclined to hold cash, the lower monetary multiplier. The public seems to prefer cash holdings with their stronger appetite on safe havens such as deposits.

Copyrightsⓒ Yonhap News



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

경제용어사전 프린트 이메일 전송 리스트

PDF list
Thurs, July 31, 2014
Latest News
Samsung’s Q2 profit down 25% to $7bn
Saenuri Party sweeps by-elections, re..
S. Korean builders to pull out as gov..
Former Semo Group chairman may have d..
‘Mobile Korea’ wobbles on China’s ..
Gov’t to pump $25bn within this year
S. Korea: transforming into multi-eth..
Imports of overseas express transport..
Dongsung Finetec wins order for world..
June industrial output growth highest..
Press Releases&Speeches
[Press Release] UN Security Council’..
[Press Release] Interest rates: June ..
Today Vocab&Phases
[07/31 Thurs] Adjusted balance method
crude, implicit
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.