The Korean Economy Beyond the Crisis
The Korean Economy Beyond the Crisis
Publisher: Edward Elgar Publishing | ISBN: 1843766035 | edition 2004 | PDF | 392 pages | 1,47 mb
Publisher: Edward Elgar Publishing | ISBN: 1843766035 | edition 2004 | PDF | 392 pages | 1,47 mb
More than five years have passed since South Korea fell prey to the Asian financial crisis. Bringing together experts from Korea and a variety of other countries, this book aims to better understand the three stages of the Korean crisis: the onset, the policy reaction, and the economic response. Providing an integrated analysis of the event and its consequences, the chapters in the book consider the causes of the crisis, the response of the U.S. government and International Monetary Fund, adjustments in the Korean monetary and fiscal policies, and the success of financial and corporate restructuring. The concluding chapters bring the story up to date, describing the aftermath of the crisis and assessing whether there has been sufficient reform to facilitate the country’s recovery and growth.
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