SHERP

Financial Sector Reform in Korea after the Asian Financial Crisis

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Authors
Cha, Baekin
Issue Date
1999
Publisher
Seoul Journal of Economics
Citation
Seoul Journal of Economics 12 (No. 4 1999): 457-484
Keywords
soberreign credit rating; IMF Stabilizing package; 64 trillion won
Abstract
Since introducing the IMF stabilizing package in December 1997, major steps have been taken to restructure the financial sector in Korea. The financial sector reform until now is appraised to have laid the foundation for solid economic recovery and restoration of the sovereign credit rating. In particular, various measures to clean the balance sheets of financial institutions were, in a large part, successful in providing the foundation for an early normalization of the financial system and easing the credit crunch situation.
ISSN
1225-0279
Language
English
URI
http://hdl.handle.net/10371/1167
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College of Social Sciences (사회과학대학)Institute of Economics Research (경제연구소)Seoul Journal of EconomicsSeoul Journal of Economics vol.12(4) (Winter 1999)
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