The Korean financial crisis of 1997 : onset, turnaround, and thereafter /

This book chronicles how Korea dealt with and overcame the crisis over time. The book is organized into eleven chapters. Chapter one outlines the troubling financial market conditions at home and abroad before the crisis. Chapter two then delves into the origin of the crisis and offers analyses on t...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Yi, Kyu-sŏng, 1939-
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington, D.C. : World Bank : Korea Development Institute, ©2011.
Colección:World Bank e-Library.
Temas:
1900-2002
Financial crises > Korea (South) > History > 20th century.
POLITICAL SCIENCE > Economic Conditions.
BUSINESS & ECONOMICS > Economics > Comparative.
BUSINESS & ECONOMICS > Economic Conditions.
BUSINESS & ECONOMICS > Economic History.
Economic history
Economic policy
Financial crises
Finanzkrise
Wirtschaftspolitik
Wirtschaftspolitisches Ziel
Korea (South) > Economic policy > 1988-2002.
Korea (South) > Economic conditions > 1988-2002.
Corée du Sud > Politique économique > 1988-2002.
Corée du Sud > Conditions économiques > 1988-2002.
Korea (South)
Südkorea
History
Acceso en línea:Texto completo
Tabla de Contenidos:
  • Machine generated contents note: 1. The Unfolding of the Korean Financial Crisis
  • 1996: A Year of Uncertainty
  • The Hanbo Bankruptcy and the Degradation in External Creditworthiness, January
  • March 1997
  • A Monetary Lull in Financial Markets, April
  • June 1997
  • A Looming Crisis in Financial Markets, July
  • September 1997
  • Onset of the Financial Crisis and the Request for an IMF Rescue, October-November 1997
  • Notes
  • 2. Origin of the Crisis
  • Divergent Views of the Crisis
  • The Macroeconomy and the Financial Crisis
  • Korea's Structural Weaknesses and Vulnerabilities
  • The Risks of Capital Liberalization
  • The International Financial Architecture and the Financial Crisis
  • Lax Crisis Management in Korea
  • Notes
  • 3. Overview of Korea's Postcrisis Responses
  • Crisis Recovery and Policy Challenges
  • The Implementation of Postcrisis Measures
  • Notes.
  • 4. Initial Responses to the Crisis, December 1997
  • Actions by the IMF, December 3, 1997
  • Korea: Memorandum on the Economic Program
  • Actions Prior to the IMF Standby Arrangement
  • Banking Reforms
  • Averting National Insolvency
  • Notes
  • 5. Securing Foreign Currency Liquidity and Laying the Groundwork for Reform and Restructuring, December 1997
  • April 1998
  • Securing Foreign Currency Liquidity
  • Capital Market Liberalization and the Expansion of Foreign Investment
  • Laying the Groundwork for Structural Reform
  • The Intensifying Credit Crunch and Mounting Unemployment
  • Notes
  • 6. Restructuring Led by Business Closures and the Push for Lower Interest Rates, May-June 1998
  • The Recognition of Economic Reality
  • The Focus of Corporate and Financial Restructuring on the Closure of Failing Businesses
  • Lowering Interest Rates and Easing the Credit Crunch
  • The Contracting Real Economy and Deepening Labor Unrest
  • Notes.
  • 7. Completion of First-Phase Restructuring and Policies Aimed at Boosting Potential Growth, July-September 1998
  • Economic Outlook and Policy Challenges, Second Half of 1998
  • The Completion of the First Round of Restructuring
  • Expanded Unemployment Measures and Labor Union Resistance to Restructuring
  • The Russian Moratorium and the Fate of the Won
  • Policies for Robust Growth
  • Notes
  • 8. Getting the Economy Back on Track and Quickening the Pace of Restructuring, October
  • December 1998
  • Policy Challenges and the Shifting Economic Landscape
  • Instability in International Financial Markets and the Government Response
  • Quickening the Pace of Restructuring
  • Policies Aimed at Economic Revival
  • 9. Restoring Financial Stability and Realizing Positive Economic Growth, January-June 1999
  • The Economic Policy Agenda for 1999
  • Forging Ahead with Restructuring
  • The Investment Grade Rating and the Supply of Foreign Exchange to Markets
  • Restoring Calm to Financial Markets and Resuming Positive Growth.
  • 10. The Settlement of the Daewoo Shock and the Expanded Economic Recovery, July-December 1999
  • Policy Challenges and Responses during the Second Half of 1999
  • Strategies for the Transition to a Knowledge-Based Economy
  • The Collapse of the Daewoo Group and Restoring Calm to Financial Markets
  • Pressing Ahead with Structural Reform
  • Economic Hardship among Low- and Middle-Income Households and the Government Response
  • Accelerating Economic Recovery and the Transition to Net Creditor Status
  • 11. Korea's Economic Renewal: Challenges and Solutions for the Transition to the Next Level
  • Questions about the Korean Economy
  • Diagnosis of the Korean Economy
  • The Challenges Ahead in Korea's Economic Revival
  • The Reform of Korea's Economic System
  • Note.

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