The Korean Financial Crisis Of 1997 A Strategy Of Financial Sector Reform PDF Download
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Author | : Mr.Angel J. Ubide |
Publisher | : International Monetary Fund |
Total Pages | : 67 |
Release | : 1999-03-01 |
Genre | : Business & Economics |
ISBN | : 1451844646 |
Download The Korean Financial Crisis of 1997—A Strategy of Financial Sector Reform Book in PDF, ePub and Kindle
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 | : Tomás Baliño |
Publisher | : |
Total Pages | : 66 |
Release | : 2006 |
Genre | : |
ISBN | : |
Download The Korean Financial Crisis of 1997 Book in PDF, ePub and Kindle
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 | : Robert F. Emery |
Publisher | : Routledge |
Total Pages | : 357 |
Release | : 2017-07-12 |
Genre | : Social Science |
ISBN | : 1351760076 |
Download Korean Economic Reform Book in PDF, ePub and Kindle
This title was first published in 2001. In 1997 the author was told, by an official at the Korean embassy in Washington DC, that the most serious economic problem facing Korea was the need for reform of the financial sector. This proved to be true, as a financial crisis hit Korea in November 1997. Though problems arising before November 1997 indicate that Korea's economic problems were not solely financial. This study covers earlier reform efforts, the 1997 crisis and the measures taken by Korea since then to deal with the country's economic problems. It attempts to analyze the problems and offer suggestions as to how problems might corrected or resolved.
Author | : Jang-Sup Shin |
Publisher | : Routledge |
Total Pages | : 157 |
Release | : 2003-01-16 |
Genre | : Business & Economics |
ISBN | : 1134469381 |
Download Restructuring 'Korea Inc.' Book in PDF, ePub and Kindle
The 1997 South Korean financial crisis not only shook the country itself but also sent shock waves through the financial world at large. This impressive book critically assesses the conventional wisdom surrounding the Korean crisis and the performance of the IMF-sponsored reform programme.Looking first at the strengths and weaknesses of 'Korea Inc.
Author | : Mr.David T. Coe |
Publisher | : International Monetary Fund |
Total Pages | : 548 |
Release | : 2002-09-19 |
Genre | : Business & Economics |
ISBN | : 9781589060685 |
Download Korean Crisis and Recovery Book in PDF, ePub and Kindle
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 | : Ismail Dalla |
Publisher | : World Bank Publications |
Total Pages | : 44 |
Release | : 1995-01-01 |
Genre | : Business & Economics |
ISBN | : 9780821333563 |
Download Regulated Deregulation of the Financial System in Korea Book in PDF, ePub and Kindle
World Bank Discussion Paper No. 292. Examines the anatomy of the Republic of Korea's financial reform policy since 1979 in order to place the nation's financial reform plan of 1993 in a proper context. Financial deregulation in the Republic of Korea, initiated in 1979, coincided with similar programs in South America and East Asia. The reforms were successful in spite of a mild form of financial repression and a deregulation policy that ran an erratic course. The republic moved decisively in 1993 toward a conventional type of financial liberalization by announcing a blueprint of reforms to be implemented over a five-year period ending in 1997. This paper examines the anatomy of the Korean financial reform policy since 1979 in order to place its financial reform plan of 1993 in the proper context. The report presents a conceptual framework of the Korean financial system and policies, examines interest rate reforms on various levels, and discusses changes in the credit allocation system that were undertaken in earlier phases of the reforms. The book goes on to review the rationale of the final financial reform phase, the sequencing of its various elements, and the assessment. Broad conclusions are presented.
Author | : Kyu-s?ng Yi |
Publisher | : World Bank Publications |
Total Pages | : 474 |
Release | : 2011-01-01 |
Genre | : Business & Economics |
ISBN | : 082138550X |
Download The Korean Financial Crisis of 1997 Book in PDF, ePub and Kindle
This book provides an unparalleled insider's look at the factors leading up to the 1997-98 crisis in South Korea and how the crisis unfolded over the next two years. Written by former finance minister Kyu-Sung Lee, this book traces the evolving situation across the key sectors and the series of policy and institutional measures the government deployed throughout the crisis. This book is a must-read for policymakers, scholars, students, and any reader interested in understanding the facts and circumstances surrounding the 1997-98 crisis, the policies undertaken at the time, and what the experience implies for preventing future crises.
Author | : Shalendra Sharma |
Publisher | : Manchester University Press |
Total Pages | : 409 |
Release | : 2018-07-30 |
Genre | : Business & Economics |
ISBN | : 1526137682 |
Download The Asian Financial Crisis Book in PDF, ePub and Kindle
This electronic version has been made available under a Creative Commons (BY-NC-ND) open access license. The Asian financial crisis of 1997-98 shook the foundations of the global economy and what began as a localised currency crisis soon engulfed the entire Asian region. What went wrong and how did the Asian economies long considered 'miracles' respond? How did the United States, Japan and other G-7 countries respond to the crisis? What role did the IMF play?. Why did China, which suffers many of the same structural problems responsible for the crisis remain conspicuously insulated from the turmoil raging in its midst?. What explains the remarkable recovery now underway in Asia? In what fundamental ways did the Asian crisis serve as a catalyst to the current thinking about the "new international financial architecture"?. This book provides answers to all the above questions and more, and gives a comprehensive account of how the international economic order operates, examines its strengths and weaknesses, and what needs to be done to fix it.
Author | : Dang Thanh Ngo |
Publisher | : GRIN Verlag |
Total Pages | : 97 |
Release | : 2012-01-30 |
Genre | : Business & Economics |
ISBN | : 3656114609 |
Download Korea’s Experiences in reforming the Financial Sector toward a Marked-Based System and Lessons for Vietnam Book in PDF, ePub and Kindle
Masterarbeit aus dem Jahr 2007 im Fachbereich VWL - Konjunktur und Wachstum, , Sprache: Deutsch, Abstract: Basically, the Korea’s financial sector has gone through three development period under two different types of financial systems. During these three periods, in theory, two financial systems were applied into the Korea’s financial sector: the relationship-based (or state-led) system (from 1960s to late 1980s) and the market-based system (after late 1980s till now). But in fact, due to the differences in applying the market style into Korea, we can see in the second system’s time, there was obviously two periods, the period of ‘gradualism’ and the period of ‘Big Bang’ with the turning point is in 1997. Therefore, it is better to define the history of Korea’s financial development into three periods. The first period started from early 1960s (after the military coup which brought Park Chung Hee to the position of President) to the late 1980s, in which Korea’s economy was under the relationship-based system; the second period lasted from late 1980s to 1997 when the financial crisis occurred due to wrong policies under ‘gradualism’ and bad effects of the first period; and the last period started from 1997 up to now when Korea take ‘Big Bang’ approach to cure its illness after the failure in 1997. Researching the evolution of Korea’s financial system during the three periods as a whole process is important to collect experiences for under-developing country such as Vietnam to improve its financial system. Even though the conditions of Vietnam and Korea are different, but still, the logic behind each policy that the Korean government used in the past will be a big help to Vietnam as well as finding out the reasons of the failures that Korea did not avoid.
Author | : Young-Chan Kim |
Publisher | : Elsevier |
Total Pages | : 303 |
Release | : 2008-12-30 |
Genre | : Business & Economics |
ISBN | : 1780632517 |
Download South Korea Book in PDF, ePub and Kindle
South Korea: Challenging globalisation and the post-crisis reforms examines the major economic issues flowing from the Korean financial crisis of 1997 and covers such issues as industrial relations, macroeconomic sectors, the role of administrations, and corporates’ globalisation process by over-expanded foreign direct investment. The chapters contained in this book are written by a wide variety of contributors, including a former government technocrat, president’s advisory board member, plus leading Korean economy specialists. Includes empirical surveys from the leading academics in Korea Exclusively research methodology on each topic First attempt to explain limited but historically important period economic policy