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Korean Financial Crisis During 1997-1998 : Causes and Challenges
Oleh:
Yoo, Jang-Hee
;
Chul, Woo Moon
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
Journal of Asian Economics vol. 10 no. 2 (1999)
,
page 263-278.
Topik:
FINANCIAL CRISIS
;
financial crisis
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
JJ50.4
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
This paper analyzes the underlying causes of the Korean financial crisis during 1997 – 98 period. How the economic growth strategies adopted by Korean government have influenced the current - state financial turbulence is analyzed in a historical manner. Root causes of Chaebol problems are also investigated in relations to government policies and weakened financial sector. Further, the effectiveness of external remedy programs such as IMF bail - out package are critically assessed. Finally, the paper concludes with the observation that, despite the current crisis, the Korean economy still possesses strong fundamentals, therefore, the economic recovery is soon to be obtained with continuous reform efforts.
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