#40 – Youngwon Cho on Korea's accumulation of foreign exchange reserves
Channel: Korea and the World
Date: 2015-09-24

Ever since to the Asian financial crisis of 1997, the Korean central bank has been building up massive foreign currency reserves. While this is arguably a rational policy, is it necessarily an optimal strategy in today’s world? Our guest for this episode, Youngwon Cho, argues that it comes at a significant opportunity cost.

For more information about the episode, visit our website: http://www.koreaandtheworld.org/youngwon-cho