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The American Crisis and Korean Financial Distress

In: The Impact of the Economic Crisis on East Asia

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  • Un Chan Chung

Abstract

Written by a distinguished group of Asian social scientists, this study summarizes and synthesizes the economic impacts of the crisis on individual countries and their policy response since 2008, and in particular carefully scrutinizes the immediate and remote causes of the crisis. It not only offers an assessment of its impacts, and identifies specific country measures that can be undertaken to stabilize the situation, but also looks at the crisis from three important economic perspectives: that of a healthy fiscal system, international trade, and the energy market.

Suggested Citation

  • Un Chan Chung, 2011. "The American Crisis and Korean Financial Distress," Chapters, in: Daigee Shaw & Bih Jane Liu (ed.), The Impact of the Economic Crisis on East Asia, chapter 6, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:14353_6
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    References listed on IDEAS

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    1. Joon-Kyung Kim & Chung H. Lee, 2002. "Insolvency in the Corporate Sector and Financial Crisis in Korea," Journal of the Asia Pacific Economy, Taylor & Francis Journals, vol. 7(2), pages 267-281.
    2. Joon-Ho Hahm & Frederic S. Mishkin, 2000. "Causes of the Korean Financial Crisis: Lessons for Policy," NBER Working Papers 7483, National Bureau of Economic Research, Inc.
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