The Korean Financial Crisis Of 1997 A Strategy Of Financial Sector Reform
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The Korean Financial Crisis Of 1997 A Strategy Of Financial Sector Reform
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Author : Mr.Angel J. Ubide
language : en
Publisher: International Monetary Fund
Release Date : 1999-03-01
The Korean Financial Crisis Of 1997 A Strategy Of Financial Sector Reform written by Mr.Angel J. Ubide and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-03-01 with Business & Economics categories.
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.
The Korean Financial Crisis Of 1997
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Author : Tomás Baliño
language : en
Publisher:
Release Date : 2006
The Korean Financial Crisis Of 1997 written by Tomás Baliño and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with categories.
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.
Korean Economic Reform
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Author : Robert F. Emery
language : en
Publisher: Routledge
Release Date : 2017-07-12
Korean Economic Reform written by Robert F. Emery and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-07-12 with Social Science categories.
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.
Restructuring Korea Inc
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Author : Jang-Sup Shin
language : en
Publisher: Routledge
Release Date : 2003-01-16
Restructuring Korea Inc written by Jang-Sup Shin and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-01-16 with Business & Economics categories.
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.
Korean Crisis And Recovery
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Author : Mr.David T. Coe
language : en
Publisher: International Monetary Fund
Release Date : 2002-09-19
Korean Crisis And Recovery written by Mr.David T. Coe and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-09-19 with Business & Economics categories.
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.
Credit Allocation And Financial Crisis In Korea
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Author : Mr.Eduardo Borensztein
language : en
Publisher: International Monetary Fund
Release Date : 1999-02-01
Credit Allocation And Financial Crisis In Korea written by Mr.Eduardo Borensztein and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-02-01 with Business & Economics categories.
This paper analyzes some of the structural problems associated with the Korean financial sector, and investigates whether the financial system has allocated credit in an efficient way over the past three decades. Using data for 32 manufacturing sectors, we find no evidence that credit flows were directed to the relatively more profitable sectors, either before or after the financial reforms. We also find that the flow of credits did not contribute to improve the economic performance of the favored industries over time.
Regulated Deregulation Of The Financial System In Korea
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Author : Ismail Dalla
language : en
Publisher: World Bank Publications
Release Date : 1995-01-01
Regulated Deregulation Of The Financial System In Korea written by Ismail Dalla and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995-01-01 with Business & Economics categories.
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.
South Korea
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Author : Young-Chan Kim
language : en
Publisher: Elsevier
Release Date : 2008-12-30
South Korea written by Young-Chan Kim and has been published by Elsevier this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-12-30 with Business & Economics categories.
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
Korea S Experiences In Reforming The Financial Sector Toward A Marked Based System And Lessons For Vietnam
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Author : Dang Thanh Ngo
language : de
Publisher: GRIN Verlag
Release Date : 2012
Korea S Experiences In Reforming The Financial Sector Toward A Marked Based System And Lessons For Vietnam written by Dang Thanh Ngo and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with Business & Economics categories.
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.
Korea
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2000-02-15
Korea written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000-02-15 with Business & Economics categories.
Korea's impressive macroeconomic performance up to 1997 served to mask fundamental structural problems. Structural reform efforts have been focused on financial sector and corporate sector reforms and liberalizing trade and capital account transactions. The labor market situation has improved, and the unemployment rate has declined. A remarkable feature of Korea's economic performance following the crisis has been the large turnaround in the current account balance. Monetary policy has been focused on stimulating and supporting economic recovery. Reforming corporate governance is one of the government's top priorities.