1.

Record Nr.

UNINA9910789854503321

Autore

Yi Kyu-sung <1939->

Titolo

The Korean financial crisis of 1997 : : onset, turnaround, and thereafter / / Kyu-Sung Lee

Pubbl/distr/stampa

Washington, D.C. : , : World Bank ; , : Korea Development Institute, , c2011

ISBN

1-283-06594-0

9786613065940

0-8213-8550-X

Descrizione fisica

xx, 449 pages : illustrations ; ; 23 cm

Disciplina

330.95195/044

Soggetti

Financial crises - Korea (South) - History - 20th century

Korea (South) Economic policy 1988-

Korea (South) Economic conditions 1988-

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

Cover; Half Title Page; Title Page; Copyright; Contents; Preface; About the Author; Abbreviations; 1 The Unfolding of the Korean Financial Crisis; 2 Origin of the Crisis; 3 Overview of Korea's Postcrisis Responses; 4 Initial Responses to the Crisis, December 1997; 5 Securing Foreign Currency Liquidity and Laying the Groundwork for Reform and Restructuring, December 1997-April 1998; 6 Restructuring Led by Business Closures and the Push for Lower Interest Rates, May-June 1998; 7 Completion of First-Phase Restructuring and Policies Aimed at Boosting Potential Growth, July-September 1998

8 Getting the Economy Back on Track and Quickening the Pace of Restructuring, October-December 19989 Restoring Financial Stability and Realizing Positive Economic Growth, January-June 1999; 10 The Settlement of the Daewoo Shock and the Expanded Economic Recovery, July-December 1999; 11 Korea's Economic Renewal Challenges and Solutions for the Transition to the Next Level; References and Other Sources; Index; Back Cover

Sommario/riassunto

This book provides an unparalleled insider's look at the factors leading up to the 1997-98 crisis in South Korea and how the crisis unfolded



over the next two years. Written by former finance minister Kyu-Sung Lee, this book traces the evolving situation across the key sectors and the series of policy and institutional measures the government deployed throughout the crisis. This book is a must-read for policymakers, scholars, students, and any reader interested in understanding the facts and circumstances surrounding the 1997-98 crisis, the policies undertaken at the time, and what the experience