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Recurrence of financial crises: cross-country patterns and implications for Korea

In: The Korean Economy Beyond the Crisis

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  • Kiseok Hong
  • Jong-Wha Lee
  • Changyong Rhee

Abstract

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 US 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.

Suggested Citation

  • Kiseok Hong & Jong-Wha Lee & Changyong Rhee, 2004. "Recurrence of financial crises: cross-country patterns and implications for Korea," Chapters, in: Duck-Koo Chung & Barry Eichengreen (ed.), The Korean Economy Beyond the Crisis, chapter 13, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:3262_13
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    Keywords

    Asian Studies; Economics and Finance;

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