Korean Financial Crisis of 1997 : Onset, Turnaround, and Thereafter.
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...
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| Author / Creator: | |
|---|---|
| Other Authors / Creators: | World Bank,. |
| Format: | eBook Electronic |
| Language: | English |
| Edition: | 1st ed. |
| Imprint: | Herndon : World Bank Publications, 2011. |
| Subjects: | |
| Local Note: | Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2022. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries. |
| Online Access: | Click to View |
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| 100 | 1 | |a Lee, Kyu-Sung. | |
| 245 | 1 | 0 | |a Korean Financial Crisis of 1997 : |b Onset, Turnaround, and Thereafter. |
| 250 | |a 1st ed. | ||
| 264 | 1 | |a Herndon : |b World Bank Publications, |c 2011. | |
| 264 | 4 | |c ©2011. | |
| 300 | |a 1 online resource (428 pages) | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 505 | 0 | |a Intro -- Half Title Page -- Title Page -- Copyright -- Contents -- Preface -- About the Author -- Abbreviations -- 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 Momentary 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. | |
| 505 | 8 | |a 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. | |
| 505 | 8 | |a References and Other Sources -- Index -- Back Cover. | |
| 520 | |a 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. | ||
| 588 | |a Description based on publisher supplied metadata and other sources. | ||
| 590 | |a Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2022. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries. | ||
| 650 | 0 | |a Financial crises -- Korea (South) -- History -- 20th century. | |
| 650 | 0 | |a Korea (South) -- Economic policy -- 1988-. | |
| 650 | 0 | |a Korea (South) -- Economic conditions -- 1988-. | |
| 655 | 4 | |a Electronic books. | |
| 700 | 1 | |a World Bank,. | |
| 776 | 0 | 8 | |i Print version: |a Lee, Kyu-Sung |t Korean Financial Crisis of 1997 |d Herndon : World Bank Publications,c2011 |z 9780821382394 |
| 797 | 2 | |a ProQuest (Firm) | |
| 856 | 4 | 0 | |u https://ebookcentral.proquest.com/lib/well/detail.action?docID=660562 |z Click to View |