Dae-Jong Kim
(Sejong University, 209, Neungdong-ro, Gwangjin-gu Seoul, Korea)

 

Abstract: Tapering began after completion of the U.S. quantitative easing. Tapering highlights the emerging problems of foreign exchange reserves. In Korea, China, Turkey, India, Thailand and Argentina: Analyzes the major foreign exchange reserves appropriate. Korea’s short-term debt ratio of 35% is high. In particular, the Bank for International Settlements proposed by South Korea $551 billion in foreign reserves. Foreign exchange reserves of emerging markets are very important. To prevent financial crisis in advance, Foreign exchange reserves are the last bastion of the international financial crisis. Lack of foreign exchange reserves of the countries (Argentina, India, Indonesia, Brazil, Turkey, South Africa, and Korea) must expand reserves quickly.

 

Key words: foreign exchange reserves; tapering; quantitative easing; IMF; bank for international settlements (BIS)

JEL codes: F3, F4, G1