{"id":2408,"date":"2026-08-03T09:34:07","date_gmt":"2026-08-03T06:34:07","guid":{"rendered":"https:\/\/sites.uwasa.fi\/mfjuva\/?page_id=2408"},"modified":"2026-08-03T09:34:25","modified_gmt":"2026-08-03T06:34:25","slug":"different-inflation-regimes","status":"publish","type":"page","link":"https:\/\/sites.uwasa.fi\/mfjuva\/all-issues\/different-inflation-regimes\/","title":{"rendered":""},"content":{"rendered":"<h2>Different Inflation Regimes and Their Impact on Bank Risk-Taking: Evidence from Brazil and South Korea<\/h2>\n<p>Multinational Finance Journal, 2025, vol. 29, no. 1\/2, pp. 76-112<br \/>\n<em><a href=\"https:\/\/doi.org\/10.5281\/zenodo.18484500\">https:\/\/doi.org\/10.5281\/zenodo.18484500<\/a>\u00a0 &#8211; an open-access journal article<\/em><\/p>\n<p style=\"align-items: center;gap: 12px;font-weight: bold\"><a href=\"https:\/\/sites.uwasa.fi\/mfjuva\/wp-content\/blogs.dir\/4\/files\/sites\/231\/2026\/02\/Park-et-al.-2025.pdf\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-2383\" src=\"https:\/\/sites.uwasa.fi\/mfjuva\/wp-content\/blogs.dir\/4\/files\/sites\/231\/2026\/07\/download-blue-button-300x89.png\" alt=\"\" width=\"139\" height=\"41\" srcset=\"https:\/\/sites.uwasa.fi\/mfjuva\/wp-content\/blogs.dir\/4\/files\/sites\/231\/2026\/07\/download-blue-button-300x89.png 300w, https:\/\/sites.uwasa.fi\/mfjuva\/wp-content\/blogs.dir\/4\/files\/sites\/231\/2026\/07\/download-blue-button.png 355w\" sizes=\"(max-width: 139px) 100vw, 139px\" \/><\/a><\/p>\n<p><strong>Yi-Bang Park<\/strong>, <em>Ministry of SMEs and Startups, Republic of Korea<\/em><\/p>\n<p><strong>Claudio Oliveira de Moraes<\/strong>, <em>Central Bank of Brazil and COPPEAD Graduate School of Business, Federal University of Rio de Janeiro (UFRJ),\u00a0 Brazil<\/em><\/p>\n<p><strong>Raphael Moses Roquete<\/strong>, <em>COPPEAD Graduate School of Business, Federal University of Rio de Janeiro (UFRJ),\u00a0 Brazil<\/em><\/p>\n<p>&nbsp;<\/p>\n<h3><strong>Abstract:<\/strong><\/h3>\n<p>This study analyzes the impact of inflation on bank risk-taking behavior in two distinct economies, Brazil and South Korea. Since the effects of inflation on banks can vary according to the prevailing inflation regime, and given the countries\u2019 contrasting histories of high and low inflation, Brazil and South Korea offer particularly compelling cases for comparative analysis. We conducted a panel data analysis using samples of banks from both countries spanning from March 2014 to March 2021. The results reveal that inflation tends to stimulate risk appetite in both countries. However, the comparative influence of inflation and monetary policy rates on banks\u2019 risk-taking behavior varies between the two economies. In the South Korean case, monetary policy measures can attenuate the effects of inflation on financial stability, whereas, in Brazil, their efficacy seems to be less pronounced.<\/p>\n<p>&nbsp;<\/p>\n<h3><strong>Keywords:<\/strong><\/h3>\n<p>Inflation; Risk-taking; Banking; Brazil and South Korea<\/p>\n<p>&nbsp;<\/p>\n<h3><strong>Citation (APA):<\/strong><\/h3>\n<p>Park, Y.-B., de Moraes, C. O., &amp; Roquete, R. M. (2025). Different Inflation Regimes and Their Impact on Bank Risk-Taking: Evidence from Brazil and South Korea. Multinational Finance Journal, 29(1\/2), 76\u2013112.<\/p>\n<h3><strong>Citation (Harvard):<\/strong><\/h3>\n<p>Park, Y.-B., de Moraes, C.O. and Roquete, R.M., 2025. Different Inflation Regimes and Their Impact on Bank Risk-Taking: Evidence from Brazil and South Korea. Multinational Finance Journal, 29(1\/2), pp.76\u2013112.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Different Inflation Regimes and Their Impact on Bank Risk-Taking: Evidence from Brazil and South Korea Multinational Finance Journal, 2025, vol. 29, no. 1\/2, pp. 76-112 https:\/\/doi.org\/10.5281\/zenodo.18484500\u00a0 &#8211; an open-access journal article Yi-Bang Park, Ministry of SMEs and Startups, Republic of Korea Claudio Oliveira de Moraes, Central Bank of Brazil and COPPEAD Graduate School of Business, [&hellip;]<\/p>\n","protected":false},"author":621,"featured_media":0,"parent":221,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-2408","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/sites.uwasa.fi\/mfjuva\/wp-json\/wp\/v2\/pages\/2408"}],"collection":[{"href":"https:\/\/sites.uwasa.fi\/mfjuva\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/sites.uwasa.fi\/mfjuva\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/sites.uwasa.fi\/mfjuva\/wp-json\/wp\/v2\/users\/621"}],"replies":[{"embeddable":true,"href":"https:\/\/sites.uwasa.fi\/mfjuva\/wp-json\/wp\/v2\/comments?post=2408"}],"version-history":[{"count":1,"href":"https:\/\/sites.uwasa.fi\/mfjuva\/wp-json\/wp\/v2\/pages\/2408\/revisions"}],"predecessor-version":[{"id":2409,"href":"https:\/\/sites.uwasa.fi\/mfjuva\/wp-json\/wp\/v2\/pages\/2408\/revisions\/2409"}],"up":[{"embeddable":true,"href":"https:\/\/sites.uwasa.fi\/mfjuva\/wp-json\/wp\/v2\/pages\/221"}],"wp:attachment":[{"href":"https:\/\/sites.uwasa.fi\/mfjuva\/wp-json\/wp\/v2\/media?parent=2408"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}