Contents

Foreword

Acknowledgments

Contributors and Participants

1. Introduction / David T. Coe and Kim, Se-Jik

2. From Crisis to Recovery in Korea: Strategy, Achievements, and Lessons / Ajai Chopra, Kenneth Kang, Meral Karasulu, Hong Liang, Henry Ma, and Anthony Richards

3. What Have We Learned from the Korean Economic Adjustment Program? / Cho, Yoon Je

Comments on Papers 2 and 3
Barry Eichengreen
Lee, Jang-Yung

4. New Evidence on High Interest Rate Policy During the Korean Crisis / Chung, Chae-Shick ; Kim, Se-Jik

5. Falling Profitability, Higher Borrowing Costs, and Chaebol Finances During the Korean Crisis / Anne O. Krueger ; Yoo, Jungho

Comments on Papers 4 and 5
Chung, Myung-Chang
Bijan B. Aghevli

6. Corporate Restructuring and Reform : Lessons from Korea / William P. Mako

7. The Role of Corporate Bond Markets in the Korean Financial Restructuring Process / Gyutaeg Oh and Changyong Rhee

Comments on Papers 6 and 7
Simon Johnson
Cho, Won-Dong

8. The Korean Labor Market : The Crisis and After / Kim, Dae Il

9. Corporate Governance and Corporate Debt in Asian Crisis Countries / Eric Friedman, Simon Johnson, and Todd Mitton

Comments on Papers 8 and 9
Jang, Hasung
Zia Qureshi

10. Economic Growth in East Asia Before and After the Financial Crisis / Robert J. Barro

11. Recovery and Sustainability in East Asia / Park, Yung Chul ; Lee, Jong-Wha

Comments on Papers 10 and 11
Charles Adams
Kim, Yong Jin

12. Restructuring Korean Banks' Short-Term Debts / Kim, Woochan ; Byeon, Yangho

13. Strengthening the International Financial Architecture : Open Issues, Asian Concerns / Barry Eichengreen

14. A Framework for Exchange Rate Policy in Korea / Michael Dooley; Rudi Dornbusch ; Park, Yung Chul

Comments on Papers 12,13, and 14
Anne O. Krueger
Kim, Jun Il

Conference Program

이 책은 1997년 말 불어닥친, 한국 산업화 이후 최악의 경제위기 및 이를 극복하기 위해 한국이 IMF프로그램아래 실시한 여러 경제정책들에 대한 최초의 본격적인 평가서이다. 이 책이 나오게 된 배경, 과정 및 취지는 다음과 같다. (생략)