Stylized facts on capital flows and the impossible trinity I’d like to begin my speech by presenting some stylized facts on capital flows and a few words about the impossible trinity. Korea, like most other emerging market countries, has in recent years become rapidly integrated into international financial markets, through capital account liberalization and market opening.
What is the outlook for the future then? As I said at the outset, the environment surrounding domestic and overseas economies is quite uncertain and to make economic forecasts, it has become necessary, more than usual, to carefully consider the most likely outlook, the main scenario, as well as various factors causing uncertainty.