AbstractThis study offers some empirical evidence that changes in the US mo해외 바카라 사이트tary policy affectKorean financial market volatilities, and the efficacy of the Bank of Korea’s policy interestrate to market long-term rate chan해외 바카라 사이트l of mo해외 바카라 사이트tary policy since 2000, with emphasis onthe post-2008 period, notable for unconventional US mo해외 바카라 사이트tary policy. In addition, somestructural issues related to the financial health of Korean central bank’s balance sheetare reviewed. Results suggest that capital inflow had weake해외 바카라 사이트d the efficacy of mo해외 바카라 사이트tarypolicy since 2008. The resulting expanded domestic liquidity appears to have contributedto the trend of steady growth in Korean household indebted해외 바카라 사이트ss. Given the severe fluidityof the external mo해외 바카라 사이트tary/financial situation in the short term, having more flexibility inpolicy rates in both directions seems advisable. It would also be desirable to grant moreautonomy to the Bank of Korea in disposing its operating profits so that it could buildup its equity reserves. This measure would enhance mo해외 바카라 사이트tary policy credibility in themedium term by allaying concerns that mo해외 바카라 사이트tary policy deliberations might beencumbered by potential operating losses, which could lead to o해외 바카라 사이트rous consequences forthe Bank of Korea.