From Crisis To Recovery In Korea Strategy Achievements And Lessons
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Author | : Ajai Chopra |
Publisher | : INTERNATIONAL MONETARY FUND |
Total Pages | : 93 |
Release | : 2001-10-01 |
Genre | : |
ISBN | : 9781451857238 |
This paper reviews and draws lessons from the stabilization and reform program that Korea implemented in response to the 1997-98 crisis. The economy recovered quickly from the deep recession in 1998 and its vulnerability to a balance of payments crisis has been reduced sharply. Significant progress has also been made in stabilizing the financial system and addressing corporate distress, and wide-ranging reforms have made Korea’s economy more open, competitive, and market driven. Notwithstanding these achievements, more needs to be done before the soundness of the corporate and financial sectors is firmly established.
Author | : Mr.Angel J. Ubide |
Publisher | : International Monetary Fund |
Total Pages | : 67 |
Release | : 1999-03-01 |
Genre | : Business & Economics |
ISBN | : 1451844646 |
After years of strong performance, Korea’s economy entered a crisis in 1997, owing largely to structural problems in its financial and corporate sectors. These problems emerged in the second half of that year, when the capital inflows that had helped finance Korea’s growth were reversed, as foreign investors—reeling from losses in other Southeast Asian economies—decided to reduce their exposure to Korea. This paper focuses on the sources of the crisis that originated in the financial sector, the measures taken to deal with it, and the evolution of key banking and financial variables in its aftermath.
Author | : Mr.David T. Coe |
Publisher | : International Monetary Fund |
Total Pages | : 548 |
Release | : 2002-09-19 |
Genre | : Business & Economics |
ISBN | : 9781589060685 |
Edited by David T. Coe and Se-Jik Kim, this volume contains papers presented at a May 2001 conference in Seoul sponsored by the IMF and the Korea Institute for International Economic Policy on the Korean Crisis and Recovery. The papers examine the response to the 1997 crisis, its long-term impact on growth, and the state of financial and corporate sector reforms. Authors include academics, Korean policymakers, and IMF and World Bank staff involved in the Korean program.
Author | : International Monetary Fund. Research Dept. |
Publisher | : International Monetary Fund |
Total Pages | : 216 |
Release | : 2004-11-23 |
Genre | : Business & Economics |
ISBN | : 9781589063518 |
This paper tests uncovered interest parity (UIP) using interest rates on longer maturity bonds for the Group of Seven countries. These long-horizon regressions yield much more support for UIP—all of the coefficients on interest differentials are of the correct sign, and almost all are closer to the UIP value of unity than to zero. The paper also analyzes the decision by a government facing electoral uncertainty to implement structural reforms in the presence of fiscal restraints similar to the Stability and Growth Pact.
Author | : Justin Robertson |
Publisher | : Routledge |
Total Pages | : 263 |
Release | : 2008-09-02 |
Genre | : Business & Economics |
ISBN | : 1134030630 |
Pt. 1. Towards a different approach -- pt. 2. US economic behaviour in Asia after the financial crisis -- pt. 3. Explaining divergent US economic interests.
Author | : Nadège Jassaud |
Publisher | : International Monetary Fund |
Total Pages | : 31 |
Release | : 2015-02-06 |
Genre | : Business & Economics |
ISBN | : 1484381106 |
Addressing the buildup of nonperforming loans (NPLs) in Italy since the global financial crisis will remain a challenge for some time and be important for supporting a sustained, robust economic recovery. The buildup reflects both the prolonged recession as well as structural factors that have held back NPL write-offs by banks. The paper discusses the impediments to NPL resolution in Italy and a strategy for fostering a market for restructuring distressed assets that could support corporate and financial restructuring.
Author | : Barry Eichengreen |
Publisher | : BRILL |
Total Pages | : 395 |
Release | : 2020-05-11 |
Genre | : History |
ISBN | : 1684175267 |
"The economic growth of South Korea has been a remarkable success story. After the Korean War, the country was one of the poorest economies on the planet; by the twenty-first century, it had become a middle-income country, a member of the Organization of Economic Cooperation and Development (the club of advanced economies), and home to some of the world’s leading industrial corporations. And yet, many Koreans are less than satisfied with their country’s economic performance, given the continuing financial volatility and sluggish growth since the Korean economic crisis of 1997–1998. From Miracle to Maturity offers a comprehensive qualitative and quantitative analysis of the growth of the Korean economy, starting with the aggregate sources of growth (growth of the labor force, the stock of capital, and productivity) and then delving deeper into the roles played by structural change, exports, foreign investment, and financial development. The authors provide a detailed examination of the question of whether the Korean economy is now underperforming and ask, if so, what can be done to solve the problem."
Author | : Compiled by the British Library of Political and Economic Science |
Publisher | : Routledge |
Total Pages | : 676 |
Release | : 2013-05-13 |
Genre | : Business & Economics |
ISBN | : 1134340028 |
First published in 1952, the International Bibliography of the Social Sciences (anthropology, economics, political science, and sociology) is well established as a major bibliographic reference for students, researchers and librarians in the social sciences worldwide. Key features * Authority: Rigorous standards are applied to make the IBSS the most authoritative selective bibliography ever produced. Articles and books are selected on merit by some of the world's most expert librarians and academics. *Breadth: today the IBSS covers over 2000 journals - more than any other comparable resource. The latest monograph publications are also included. *International Coverage: the IBSS reviews scholarship published in over 30 languages, including publications from Eastern Europe and the developing world. *User friendly organization: all non-English titles are word sections. Extensive author, subject and place name indexes are provided in both English and French. Place your standing order now for the 2003 volumes of the the IBSS Anthropology: 2002 Vol.48 December 2003: 234x156: Hb: 0-415-32634-6: £195.00 Economics: 2002 Vol.51 December 2003: 234x156: Hb: 0-415-32635-4: £195.00 Political Science: 2002 Vol.51 December 2003: 234x156: Hb: 0-415-32636-2: £195.00 Sociology: 2002 Vol.52 December 2003: 234x156: Hb: 0-415-32637-0: £195.00
Author | : David S. Hoelscher |
Publisher | : Springer |
Total Pages | : 405 |
Release | : 2016-02-12 |
Genre | : Business & Economics |
ISBN | : 0230289142 |
Systemic financial crises have become a common feature of the global financial landscape. Resolution of such crises requires a complex mix of macroeconomic and financial sector policies, including the restructuring and resolution of problem banks. This volume outlines the theoretical insights that have been gained and the practical lessons learned.
Author | : OECD Development Centre |
Publisher | : OECD Publishing |
Total Pages | : 624 |
Release | : 2005-11-17 |
Genre | : |
ISBN | : 9264014438 |
This book looks at the impact of OECD country policies on East Asia in trade, investment, agriculture, finance, aid, macroeconomic policies and regional co-operation. Further, it examines the interaction of OECD country policies and their coherence with each other.