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Savings Investment and the Current Account
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Balassa Bank of Korea bilateral billion dollars budget capital controls capital flows capital market current account surplus decline deficit demand depreciation deterioration Developing Countries domestic savings economic growth exchange rate policy exchange rate system expenditure external adjustment external balance external competitiveness external conditions external debt external surplus financial liberalization floating exchange rate foreign exchange foreign exchange market GNP growth growth rate imports income industries inflation inflows Institute for International International Economics investment J-curve effects Japan Japanese financial KDI Working Paper Korea Development Institute Korea's current account Korea's Exchange Rate Korea's exports Korea's external Korea's macroeconomic Korean economy Korean won loans negotiations nominal GNP oil prices percent political productivity promote rapid real appreciation real exchange rate real interest rates reduce REER reform structural adjustment Table Taiwan tradable trade balance trade imbalance U.S. dollar U.S. Treasury wage increases Washington D.C. won/dollar rate Yen/Dollar Agreement