Recovery from a financial crisis: the case of South Korea
作者： Jahyeong Koo , Sherry L. Kiser
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摘要: Among the countries that were impacted by 1997 Asian crisis, South Korea (Korea hereafter) has demonstrated fastest recovery blocking its downward spiral. Jahyeong Koo and Sherry Kiser examine process of financial crises, particularly in Korea, light weak-fundamentals financial-panic views. Since neither these views adequately explains Korea’s recovery, authors look at other phenomena for an explanation. Alternative arrangements labor market adjustments are specifically examined. The acknowledge was only possible after it gained control exchange-rate crisis. affirms view nor view, conclude containing spiral a combination factors working together much can be attributed to creation alternative funding sources adjustments.
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