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Republic of Korea: Economic and Policy Developments

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  • International Monetary Fund

Abstract

The primary focus of this paper is on economic developments and policies in the period since the outbreak of the financial crisis. Policies adopted under the program successfully restored external stability, rebuilt reserves, and initiated reform of the financial and corporate sectors. Key indicators point to continued economic expansion. Several measures have been implemented to ease the foreign exchange and domestic liquidity constraints putting in place a working social safety net. The paper also discusses financial sector restructuring and corporate sector reforms under way in Korea.

Suggested Citation

  • International Monetary Fund, 2000. "Republic of Korea: Economic and Policy Developments," IMF Staff Country Reports 2000/011, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2000/011
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    Citations

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    Cited by:

    1. By Alexander W. Hoffmaister, 2001. "Inflation Targeting in Korea: An Empirical Exploration," IMF Staff Papers, Palgrave Macmillan, vol. 48(2), pages 1-5.
    2. Jiho Jang, 2003. "Economic Crisis and its Consequences," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 62(1), pages 51-70, April.
    3. Takuji Kinkyo, 2004. "Transmission channels of capital flow shocks: why Korean crisis was so severe," Working Papers 139, Department of Economics, SOAS University of London, UK.

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