전체보고서
발간물
전체보고서
목록으로
By November 1997, the financial crisis that had been tormenting Southeast Asia since the summer of that year spread to Korea. The foreign exchange difficulties were quite unlike anything the world had ever seen. The resultant economic chaos is still being sorted out and the effects will likely be felt for years to come.
The crisis in Korea was touched off in November when a loss of confidence by foreign investors resulted in huge withdrawals of funds and a swift, massive depreciation of the Korean won. In early December, the Korean government requested the assistance of the IMF. The government and the IMF agreed on a program of fundamental economic reforms to curb the foreign exchange crisis. In particular, the reforms aimed to eliminate some of the long-standing problems with the Korean economy such as excessive regulations, inefficient financial sector, corporate governance without checks and balances, high levels of restrictions in trade and capital flows, rigid labor markets, and non-transparency.
At the same time, the government requested that we, the Korea Institute for International Economic Policy (KIEP), establish the "Nation's Confidence Enhancement Team" which, with the assistance of the Ministry of Finance and Economy (MOFE), would help restore foreign investor confidence in the Korean economy. Since the biggest problem that foreign investors faced was the lack of information about the Korean economy, the team was to provide information about economic reforms and restructuring. Information covering reforms and the current economic situation was compiled, summarized, translated, and placed at the "Korea's Economic Reform Update" website within the KIEP homepage (http://www.kiep.go.kr/ENGLISH/ekiephome.html).
While at times quality had to be sacrificed for the sake of making material available immediately, we are proud of what the team has accomplished. Therefore, upon the completion of the project on May 8, we decided to publish their efforts. This volume compiles the individual entries of the website. We believe this compilation provides a unique insight into the critical first six months of Korea's financial crisis, and will provide useful background material to anyone interested in early government responses to the country's financial crisis.
The crisis in Korea was touched off in November when a loss of confidence by foreign investors resulted in huge withdrawals of funds and a swift, massive depreciation of the Korean won. In early December, the Korean government requested the assistance of the IMF. The government and the IMF agreed on a program of fundamental economic reforms to curb the foreign exchange crisis. In particular, the reforms aimed to eliminate some of the long-standing problems with the Korean economy such as excessive regulations, inefficient financial sector, corporate governance without checks and balances, high levels of restrictions in trade and capital flows, rigid labor markets, and non-transparency.
At the same time, the government requested that we, the Korea Institute for International Economic Policy (KIEP), establish the "Nation's Confidence Enhancement Team" which, with the assistance of the Ministry of Finance and Economy (MOFE), would help restore foreign investor confidence in the Korean economy. Since the biggest problem that foreign investors faced was the lack of information about the Korean economy, the team was to provide information about economic reforms and restructuring. Information covering reforms and the current economic situation was compiled, summarized, translated, and placed at the "Korea's Economic Reform Update" website within the KIEP homepage (http://www.kiep.go.kr/ENGLISH/ekiephome.html).
While at times quality had to be sacrificed for the sake of making material available immediately, we are proud of what the team has accomplished. Therefore, upon the completion of the project on May 8, we decided to publish their efforts. This volume compiles the individual entries of the website. We believe this compilation provides a unique insight into the critical first six months of Korea's financial crisis, and will provide useful background material to anyone interested in early government responses to the country's financial crisis.
Contents
Foreword
I. Summary of the IMF Stand-By Arrangement
II. Comprehensive Reviews of Implemented Actions and Plans for the IMF Program
III. Government Reform Measures
1. Macroeconomic Policies
2. Financial Sector Restructuring
3. Trade and Capital Account Liberalization
4. Corporate Governance and Structure
5. Labor Market Reform
6. Information Provision
IV. Official Announcements and Speeches
V. News on International Loans
VI. Miscellaneous Entries
Appendix : Index of All Items by Date
Foreword
I. Summary of the IMF Stand-By Arrangement
II. Comprehensive Reviews of Implemented Actions and Plans for the IMF Program
III. Government Reform Measures
1. Macroeconomic Policies
2. Financial Sector Restructuring
3. Trade and Capital Account Liberalization
4. Corporate Governance and Structure
5. Labor Market Reform
6. Information Provision
IV. Official Announcements and Speeches
V. News on International Loans
VI. Miscellaneous Entries
Appendix : Index of All Items by Date
판매정보
분량/크기 | 326 |
---|---|
판매가격 | 0 원 |
같은 주제의 보고서
연구보고서
전후 우크라이나 재건 사업의 국제 논의와 한국기업 참여 가능성 연구
2024-11-13
기본연구보고서
금융위기 전개 과정 및 요인 분석: 복잡계와 머신러닝 방법론을 중심으로
2022-12-30
기본연구보고서
중국 도시의 녹색전환 정책과 시사점
2022-12-30
연구자료
시진핑 3기의 경제체제 개혁 과제와 시사점 : ‘사회주의 시장경제 체제’구축을 중심으로
2022-12-30
연구보고서
포스트 코로나 시대 해외 주요국의 경제체제 중요 요소 변화: 기후위기, 디지털플랫폼, 인적자원 및 국가채무를 중심으로
2021-12-30
연구보고서
포스트 코로나 시대 사회 안정성과 포용성 제고를 위한 국내외 정책 분석: 출산ㆍ보육, 부동산, 금융 및 보건위기를 중심으로
2021-12-30
기본연구보고서
신용공급 변동이 경제성장 및 금융위기에 미치는 영향
2020-12-30
기본연구보고서
동남아 CLMV 국가의 체제전환 평가와 북한에 대한 함의: 체제전환 지수 개발과 적용
2020-12-30
Policy Analysis
The Income-led Growth in Korea: Status, Prospects and Lessons for Other Countries
2020-10-08
APEC Study Series
The Value-added Creation Effect of Global Value Chain Participation: Industry-level Evidence from APEC Member Economies
2020-12-04
APEC Study Series
The Value-added Creation Effect of Global Value Chain Participation: Industry-level Evidence from APEC Member Economies
2020-12-04
연구보고서
신북방시대 한국·몽골 미래 협력의 비전: 분야별 협력과제와 실현방안
2020-11-30
전략지역심층연구
체제전환국의 민간기업 및 기업가 육성과 북한에 대한 시사점 연구: 러시아, 베트남 사례를 중심으로
2020-08-31
기본연구보고서
자산가격 변화가 경제적 불평등과 대외경제 변수에 미치는 영향 분석
2019-12-30
기본연구보고서
2016년 대북제재 이후 북한경제 변화와 신남북협력 방향
2019-12-30
세계지역전략연구
한국과 메콩 지역의 중장기 상생전략: 지역 협력체를 중심으로
2019-12-31
APEC Study Series
Inclusive Growth and Structural Reforms in APEC Member Economies
2019-12-20
APEC Study Series
Inclusive Growth and Structural Reforms in APEC Member Economies
2019-12-20
Working paper
Institutional Quality, Trade Costs and Comparative Advantage
2019-10-04
연구보고서
EU 혁신성장정책의 주요 내용과 시사점: 산업정책과 일자리 창출을 중심으로
2018-12-31

대외경제정책연구원의 본 공공저작물은 "공공누리 제4유형 : 출처표시 + 상업적 금지 + 변경금지” 조건에 따라 이용할 수 있습니다. 저작권정책 참조
콘텐츠 만족도 조사
이 페이지에서 제공하는 정보에 대하여 만족하십니까?