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Author: Bela A. Balassa
Publisher: World Bank Publications
Published: 1991
Total Pages: 24
ISBN-13:
DOWNLOAD EBOOKKorea's exchange rate has had a greater effect than other domestic economic variables on its exports, which have been key to its outstanding economic growth. Thus Korea's use of the exchange rate as a policy variable makes good sense and should be continued as long as domestic and foreign inflation rates differ.
Author: Takatoshi Ito
Publisher: University of Chicago Press
Published: 2007-12-01
Total Pages: 466
ISBN-13: 0226386937
DOWNLOAD EBOOKThe exchange rate is a crucial variable linking a nation's domestic economy to the international market. Thus choice of an exchange rate regime is a central component in the economic policy of developing countries and a key factor affecting economic growth. Historically, most developing nations have employed strict exchange rate controls and heavy protection of domestic industry-policies now thought to be at odds with sustainable and desirable rates of economic growth. By contrast, many East Asian nations maintained exchange rate regimes designed to achieve an attractive climate for exports and an "outer-oriented" development strategy. The result has been rapid and consistent economic growth over the past few decades. Changes in Exchange Rates in Rapidly Developing Countries explores the impact of such diverse exchange control regimes in both historical and regional contexts, focusing particular attention on East Asia. This comprehensive, carefully researched volume will surely become a standard reference for scholars and policymakers.
Author: Mr.Jack Ree
Publisher: International Monetary Fund
Published: 2012-11-07
Total Pages: 29
ISBN-13: 1475565178
DOWNLOAD EBOOKThis paper examines how exchange rate volatility and Korean banks’ foreign exchange liquidity mismatches interacted with each other during the Global Financial Crisis, and whether the vulnerability stemming from this interaction has been reduced since then. Structural and cyclical changes after the crisis, including decreasing demand for currency hedges and the diversifying investor base for bonds, point to a possible weakening of the interaction mechanism; and we find evidences are strongly supportive of this.
Author: Saadia M. Pekkanen
Publisher: Oxford University Press, USA
Published: 2014
Total Pages: 841
ISBN-13: 0199916241
DOWNLOAD EBOOKThis Handbook examines the theory and practice of international relations in Asia. Building on an investigation of how various theoretical approaches to international relations can elucidate Asia's empirical realities, authors examine the foreign relations and policies of major countries or sets of countries.
Author:
Publisher:
Published: 1973
Total Pages: 16
ISBN-13:
DOWNLOAD EBOOKAuthor: Mr.Angel J. Ubide
Publisher: International Monetary Fund
Published: 1999-03-01
Total Pages: 67
ISBN-13: 1451844646
DOWNLOAD EBOOKAfter years of strong performance, Korea’s economy entered a crisis in 1997, owing largely to structural problems in its financial and corporate sectors. These problems emerged in the second half of that year, when the capital inflows that had helped finance Korea’s growth were reversed, as foreign investors—reeling from losses in other Southeast Asian economies—decided to reduce their exposure to Korea. This paper focuses on the sources of the crisis that originated in the financial sector, the measures taken to deal with it, and the evolution of key banking and financial variables in its aftermath.
Author: International Monetary Fund
Publisher: International Monetary Fund
Published: 2004-05-19
Total Pages: 132
ISBN-13: 1498330282
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Author: Il SaKong
Publisher: Peterson Institute
Published: 1993
Total Pages: 332
ISBN-13:
DOWNLOAD EBOOKAttempts to draw from the Korean miracle, useful conclusions in economic terms for other Third World countries by examining its origins. Also analyzes the prospects for Korea's economy in the 1990s and identifies new policies and strategies in the area of international cooperation.
Author: United States. Economic Cooperation Administration. Korea Program Division
Publisher:
Published: 1949
Total Pages: 52
ISBN-13:
DOWNLOAD EBOOKAuthor: Shin-Haing Kim
Publisher: Cambridge Scholars Publishing
Published: 2023-09-06
Total Pages: 521
ISBN-13: 152752535X
DOWNLOAD EBOOKThis book provides an insightful analysis of Korea's remarkable economic growth and the role of international trade in this process. The book traces the economic development of Korea, from being one of the poorest countries in the 1960s to becoming a global leader in high-tech industries. The authors analyze the changes in Korea's industrial structure and how they have shifted the economy from an agricultural-based to a manufacturing and high-tech industry. The book also provides a critical review of different theories and perspectives that explain Korea's rapid growth, including the role of R&D, technology spillover, and productivity. Additionally, the book explores the implications for developing countries seeking economic development and the need for technological innovation to sustain long-term growth. This book is a must-read for researchers, policymakers, and students interested in the Korean economy and the nexus between international trade and economic growth.
