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At the same time, the regional economies of Thailand, Malaysia, Indonesia, Singapore and South Korea experienced high growth rates, of 8–12% GDP, in the late 1980s and early 1990s. This …
Feb 6, 1998 · Jan 15 - IMF and Indonesia sign an agreement strengthening economic reforms. Jan 29 - South Korea and 13 international banks agree to convert $24 billion in short-term debt, due …
I. What Brought the Crisis to Korea? In 1990, Korea’s current account balance started to deteriorate because of rising inflation, appreciation of the Korean won, and the recession of the world …
Korea’s sound macroeconomic performance and debt indicators led most observers to believe that the country would escape the foreign exchange crisis that had overwhelmed Indonesia, Mexico, …
The IMF Rescue Program in Korea: What Went Wrong?* Hyun-Hoon Lee** The International Monetary Fund (IMF) has recently received heavy criticism for its handling of the Asian financial …
Oct 1, 2001 · This paper reviews and draws lessons from the stabilization and reform program that Korea implemented in response to the 1997-98 crisis. The economy recovered quickly from the …
The IMF in fact recognized that reform in Korea would have to encom-pass the industrial sector, and in particular the chaebol, if the overall effort to reform the Korean economy was ultimately to …
Explore how Korea's economic crisis of 1997 was addressed with a $58.4 billion IMF bailout package and the efforts of President Daejung Kim and how Korea ultimately recovered from the …
The South Korean International Monetary Fund Agreement was implemented when South Korea, which was in a foreign exchange crisis, signed a memorandum of understanding with the …
Republic of Korea: Selected Issues This Selected Issues report on the Republic of Korea was prepared by a staff team of the International Monetary Fund as background documentation for …
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