Monetary policy in a globalized economy may also be affected by feedback loops in unexpected ways, since nationally granular foreign reserves policies (accumulation of precautionary reserves against  6  BIS central bankers’ speeches  capital flight) or national financial policies could amplify international capital flows or concentrate capital flows into economies with the laxest regulations.
This year the Korean economy appears likely to maintain its trend of solid growth, thanks for  1/5  example to a continuation of the global economic recovery and to the government’s expansion of its fiscal expenditures. However, a look at domestic and external conditions finds there to be a variety of potential risks in many places.