01854cas a2200265 a 4500 AALejournalIMF011643 230101c9999 xx r poo 0 0eng d 5.00 USD 9781463932541 1018-5941 BD-DhAAL BD-DhAAL Alichi, Ali. Managing Non-Core Liabilities and Leverage of the Banking System : A Building Block for Macroprudential Policy Making in Korea / Ali Alichi, Cheol Hong, Sang Chul Ryoo. Washington, D.C. : International Monetary Fund, 2012. 1 online resource (20 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Korea has been active in implementing targeted macroprudential policies to address specific financial stability concerns. In this paper, we develop a conceptual model that could serve as a building block for the broader framework of macroprudential policy making in Korea. It is assumed that the policy maker imposes taxes on key aggregate financial ratios in the banking system to mitigate excessive leverage over the economic cycle. The model is calibrated for Korea. The results illustrate how countercyclical tools, such as simple taxes on key financial ratios, could be incorporated to enrich the broader macroprudential policy framework in the Korean context. Mode of access: Internet Hong, Cheol. Ryoo, Sang Chul. IMF Working Papers; Working Paper ; No. 2012/027 Full text available on IMF http://elibrary.imf.org/view/journals/001/2012/027/001.2012.issue-027-en.xml IMF e-Library