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Responses of the Korean Economy to the Global Crisis: Another Currency Crisis?

Cho, Dong Chul

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Abstract

This paper overviews the responses of Korea to the recent global crisis. Being an open economy,
Korea experienced abrupt capital outflow and drastic collapse in export demand, but managed to
recover thanks to relatively sound fundamentals achieved by the restructuring process since the
1997~1998 crisis.

Issue Date
2010-08-19
Publisher
East-West Center and the Korea Development Institute
Conf. Name
2010 EWC/KDI CONFERENCE ON GLOBAL ECONOMIC CRISIS: IMPACTS, TRANSMISSION, AND RECOVERY
Place
RE
Honolulu, Hawaii
Conference Date
2010-08-19
Language
English
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