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dc.contributor.author이항용-
dc.date.accessioned2018-02-19T02:42:43Z-
dc.date.available2018-02-19T02:42:43Z-
dc.date.issued2012-06-
dc.identifier.citationASIAN ECONOMIC POLICY REVIEW,Vol.7 No.1 [2012],p47-64en_US
dc.identifier.issn1832-8105-
dc.identifier.urihttp://onlinelibrary.wiley.com/doi/10.1111/j.1748-3131.2012.01215.x/abstract-
dc.identifier.urihttp://hdl.handle.net/20.500.11754/38062-
dc.description.abstractThe Korean economy was hit harder than anticipated by the global financial crisis. In the first phase, large capital outflows led to a severe liquidity strain in the foreign exchange market, resulting in a rapid depreciation of the exchange rate. Then, in the second phase, the contraction of global demand led to a collapse of exports and a sharp decline in economic activity, raising concerns about a full-fledged financial crisis in Korea. This paper describes how the global financial crisis spilled over into the Korean economy and how the Korean government responded to the financial turmoil. It also provides the background and rationale for the Korean government's decisions to adopt specific policy measures. Based on Korean experiences during the 1997 and the 2008 crises, this paper documents the lessons learned from the past two crises and identifies several important policy issues.en_US
dc.language.isoenen_US
dc.publisherBlackwell Publishing Ltden_US
dc.subjectcapital marketen_US
dc.subjectfinancial crisisen_US
dc.subjectfiscal policyen_US
dc.subjectforeign exchange reserveen_US
dc.subjectglobal financial safety neten_US
dc.subjectmonetary policyen_US
dc.subjectE65en_US
dc.subjectF34en_US
dc.subjectG28en_US
dc.subjectCONTAGIONen_US
dc.subjectTRADEen_US
dc.titleLessons from the 1997 and the 2008 Crises in Koreaen_US
dc.typeArticleen_US
dc.relation.no1-
dc.relation.volume7-
dc.identifier.doi10.1111/j.1748-3131.2012.01215.x-
dc.relation.page47-64-
dc.relation.journalASIAN ECONOMIC POLICY REVIEW-
dc.contributor.googleauthorLee, Hangyong-
dc.contributor.googleauthorRhee, Changyong-
dc.relation.code2012216633-
dc.sector.campusS-
dc.sector.daehakCOLLEGE OF ECONOMICS AND FINANCE[S]-
dc.sector.departmentDIVISION OF ECONOMICS & FINANCE-
dc.identifier.pidhl306-
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COLLEGE OF ECONOMICS AND FINANCE[S](경제금융대학) > ECONOMICS & FINANCE(경제금융학부) > Articles
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