By the influence they hold over their domestic financial institutions, the central banks are well-placed to persuade them to prolong the maturities of overseas credits and provide fresh loans at the request of a fellow central bank, and to promote a better understanding of the economic situation of the debtor countries.
Closing remarks The Bank of Korea has supported the smooth implementation of structural reform through open market operations and financial market stabilization policy. In the future, the Bank intends to conduct a balanced monetary policy both to ensure the success of restructuring and to support economic  BIS Review 120/1999  4  recovery.