IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-0-230-37385-3_6.html
   My bibliography  Save this book chapter

External Finances and Debt Management

In: Korean Economic Dynamism

Author

Listed:
  • Dilip K. Das

    (Ecole Supérieure des Sciences Economiques et Commerciales)

Abstract

Korean financial markets were shallow for a long time, which restrained the financing of fiscal deficits through domestic bonds. The alternatives left were either to rely on external economic assistance, or to borrow from the international capital markets or obtain domestic credit from the central bank. Korea at first relied heavily on external assistance, and then financed its budget deficits primarily through external borrowing, which also helped support its conservative monetary and fiscal policies. The other benefits of such a strategy were keeping prices under reasonable control and containing the degree of instability in the real exchange rate. It also helped in maintaining a reasonable level of foreign exchange reserves.

Suggested Citation

  • Dilip K. Das, 1992. "External Finances and Debt Management," Palgrave Macmillan Books, in: Korean Economic Dynamism, chapter 6, pages 159-184, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-37385-3_6
    DOI: 10.1057/9780230373853_6
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-0-230-37385-3_6. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.