Global Economic Crisis: Impacts, Transmission and Recovery
In 2008, the global economy experienced the most severe crash since World War II. A sharp collapse in international trade followed, leaving no country on the globe immune to a sequence of economic shocks. This timely book explores many of the key issues r
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PART I Historical perspectives
is it unprecedented?
another currency crisis?
PART II International perspectives
determinants of exchange market pressure and absorption by international reserves
5 How did Korean financial markets get infected by the global financial crisis?
6 Imbalances overheating and the prospects for global recovery
7 The great trade collapse and contraction of exports from Korea during the global crisis
PART III Policy perspectives
8 Macroeconomic and financial policies before and after the crisis
9 Macroeconomic policies of Korea to cope with the crisis
10 Are all emerging market crises alike?
this time was different
Overige edities - Alles weergeven
adjustment advanced countries Argentina asset prices balance sheet balance sheet exposure Bank of Korea banking crises banking panics banking system billion Bordo borrowing budget capital outflows chaebols China Chinn currency crises current account balances debt–equity ratio durable goods exports effect Eichengreen emerging markets exchange market pressure exchange rate depreciation external debt Figure financial markets fiscal policy fiscal stimulus foreign bank branches foreign currency foreign exchange foreign exchange market fourth quarter FX swap GDP growth global crisis global financial crisis global imbalances growth rate impact important increase interest rate International Monetary Fund international reserves investment Japan Korea Development Institute Korea’s exports Korean banks Korean economy Lehman Brothers liquidity macroeconomic measures monetary policy nondurable peak percentage points period precrisis quarter of 2008 recent crisis recession recovery regression sector share of durable shock Source tion trade collapse trade credit triggered trillion won United variables