외국인 채권투자가 국내금융시장에 미치는 영향: 잔존만기별, 투자자 지역별 순매수를 중심으로
DC Field | Value | Language |
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dc.contributor.author | 김동순 | - |
dc.contributor.author | 박종연 | - |
dc.contributor.author | 엄승섭 | - |
dc.date.accessioned | 2024-03-14T17:31:34Z | - |
dc.date.available | 2024-03-14T17:31:34Z | - |
dc.date.issued | 2015-06 | - |
dc.identifier.issn | 1226-2765 | - |
dc.identifier.uri | https://scholarworks.bwise.kr/cau/handle/2019.sw.cau/72857 | - |
dc.description.abstract | 본 연구는 외국인의 국내채권투자를 잔존 만기별, 투자자 출신 지역별 순매수로 구분하여 국내 금융시장에 대한 영향을 분석하였다. 주요 연구결과로는, 첫째 외국인의 잔존만기별 순매수가 미치는 영향은 2년 이하 단기채권의 영향력이 큰 것으로 나타났다. 둘째, 외국인의 지역별 순매수가 미치는 영향은 전반적으로 유럽지역 투자자의 영향력이 컸다. 이에 따라 외국인의 잔존 만기별, 지역별 순매수 결정요인은 차별적이며, 금융시장에 미치는 영향력 또한 달라지므로 정책당국은 외국인의 채권투자를 세분화하여 모니터링하고 정책대응에 있어서는 선택과 집중이 필요함을 시사한다. | - |
dc.description.abstract | This paper examines the impacts of foreign investment in Korean government bonds on the Korean financial market depending upon the bond maturity and the foreign invesotrsʼ region of origin. We found several interesting empirical results as follows. First, the impact of foreigners' investment in short-term government bonds with maturity less than two years is bigger than that of their mid- or longer-term bond investments. Second, the impact of foreign investment from the European region is greater than that of foreign investors from other regions. These results imply that the Korean government should monitor foreign investments in Korean government bonds based on the maturity and their region of origin, and, in addition, adopt a strategy of choice and concentration when it implements policies in response to foreign investments. | - |
dc.format.extent | 21 | - |
dc.publisher | 한국무역학회 | - |
dc.title | 외국인 채권투자가 국내금융시장에 미치는 영향: 잔존만기별, 투자자 지역별 순매수를 중심으로 | - |
dc.title.alternative | The Impacts of Foreign Investment in Korean Government Bonds on the Korean Financial Markets: Foreigners' Net Purchases by Maturity and Their Region of Origin | - |
dc.type | Article | - |
dc.identifier.bibliographicCitation | 무역학회지, v.40, no.3, pp 27 - 47 | - |
dc.identifier.kciid | ART002009368 | - |
dc.description.isOpenAccess | N | - |
dc.citation.endPage | 47 | - |
dc.citation.number | 3 | - |
dc.citation.startPage | 27 | - |
dc.citation.title | 무역학회지 | - |
dc.citation.volume | 40 | - |
dc.identifier.url | https://www.dbpia.co.kr/journal/articleDetail?nodeId=NODE06380679 | - |
dc.publisher.location | 대한민국 | - |
dc.subject.keywordAuthor | Foreign Bond Investment | - |
dc.subject.keywordAuthor | Net Purchases by Maturity | - |
dc.subject.keywordAuthor | Net Purchases by Region of Origin | - |
dc.subject.keywordAuthor | Bond Yields | - |
dc.subject.keywordAuthor | Exchange Rate | - |
dc.subject.keywordAuthor | Exchange Rate Volatility | - |
dc.subject.keywordAuthor | 외국인 채권투자 | - |
dc.subject.keywordAuthor | 잔존만기별 순매수 | - |
dc.subject.keywordAuthor | 투자자 지역별 순매수 | - |
dc.subject.keywordAuthor | 금리 | - |
dc.subject.keywordAuthor | 환율 | - |
dc.subject.keywordAuthor | 환율변동성 | - |
dc.description.journalRegisteredClass | kci | - |
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