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Financial unrest in emerging markets and Korea’s economy

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  • Financial unrest in emerging markets and Korea’s economy
  • Kang, Hyunju
  • Korea Capital Market Institute


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Title Financial unrest in emerging markets and Korea’s economy
Similar Titles
Material Type Reports
Author(English)

Kang, Hyunju

Publisher

[Seoul]:Korea Capital Market Institute

Date 2013-09
Series Title; No Capital Market Opinion
Pages 5
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Financial Policy
Holding KCMI

Abstract

Recently, some emerging economies experienced large capital outflows and currency depreciation because of expectations that the Federal Reserve will reduce its quantitative easing program. In this article, I compare Korea’s current economic condition with the past two crises as well as other emerging markets currently facing financial unrest. Korea has significantly improved its foreign reserves condition and maintained current account surpluses unlike other emerging economies. But as the financial unrest in emerging markets is forecasted to linger for some time, Korea should be on full alert to brace for the possibility of foreign capital outflows.