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Economy Financial Policy

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Managing financial crisis in Korea

Related Document
Frame of Image d increased in the system wide Might work as one of causes of the 1997 economic crisis
Pre-crisis Reform Proposals
Proposal 1: Removing outmoded rules and practices in the financial sector deregulating interest rates and fees, mutually expanding business boundaries, improving governance structure, building easier access to foreign capital markets, free entry to financial industry Proposal 2: Reforming gov’t authorities related to the financial sector integrating financial supervisory agencies, redefining their function, central bank independence, improving quality and flow of financial information Proposal 3: Long-term vision developing long-term financial markets, restructuring gov’t-related financial institutions, preparing financial system for cooperation with North Korea
Part-02
Causes of the Crisis
Causes of Crisis: Systemic Vulnerability
Declining Marginal Declining Marginal Producttiiviitty of Produc v y of Capiittall Cap a Further Expansion Further Expansion off Chaebols’ o Chaebols’ Investtmentt Inves men Heavy Corporate Heavy Corporate Debtt Leverage Deb Leverage Decreasiing Trend Decreas ng Trend in Profitability in Profitability Labor Market Labor Market Riigiidiitty Rgd y
Increased Increased Corporate Corporate Faiilure Fa lu re
Weak Weak Fiinanciiall F nanc a Soun dn ess Soun dn ess
Recklless Financial Reck ess Financial Liberalization Liberalization Lax Financial Lax Financial Supervision Supervision
• Massiive Capital Outflow • Mass ve Capital Outflow • Deniie


Full Text
Title Managing financial crisis in Korea
Similar Titles
Material Type Proceedings
Author(English)

Kang, Dongsoo

Publisher

[Seoul] : KDI; KDI School

Date 2007
Pages 33
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < Financial Policy
Holding KDI; KDI School
License