콘텐츠 바로가기
로그인
컨텐츠

Category Open

Resources

tutorial

Collection of research papers and materials on development issues

home

Resources
Economy Financial Policy

Print

Reconsiderations for effective financial policy after Korean currency crisis

Related Document
Frame of Image
  • Reconsiderations for effective financial policy after Korean currency crisis
  • Rhee, Chong Ook
  • Korea Institute for International Economic Policy


link
Title Reconsiderations for effective financial policy after Korean currency crisis
Similar Titles
Material Type Articles
Author(English)

Rhee, Chong Ook

Publisher

[Seoul]:Korea Institute for International Economic Policy

Date 2000
Journal Title; Vol./Issue Journal of East Asian Economic Integration:
Pages 26
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Financial Policy
Holding KIEP

Abstract

From the empirical findings, we can conclude that the capital liberalization after the Korean currency crisis strengthened the financial linkage with international financial centers. It means that Korean policy makers have to consider foreign as well as domestic situations in designing effective financial policies. This paper suggests seven points to be included in the new dimensions of Korean financial policy. First, Korean government has to minimize policy mistakes, to enact monetary policy more carefully, and to develop financial institutions to provide variety of financing in the domestic economy. Second, Korean government has to promote international policy cooperation and to participate in establishing a new international regime that could reflect its own situations.