Reconsiderations for Effective Financial Policy after Korean Currency Crisis
From the empirical findings, we can conclude that the capital liberalization after the Korean currency crisis strengthened the financial linkage with international financial centers. It means that Korean policy makers have to consider foreign as well as domestic situations in designing effective fin...
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| Format: | Article |
| Language: | English |
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Korea Institute for International Economic Policy
2000-09-01
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| Series: | East Asian Economic Review |
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| Online Access: | http://dx.doi.org/10.11644/KIEP.JEAI.2000.4.3.70 |
| _version_ | 1811313898176905216 |
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| author | Chong Ook Rhee |
| author_facet | Chong Ook Rhee |
| author_sort | Chong Ook Rhee |
| collection | DOAJ |
| description | From the empirical findings, we can conclude that the capital liberalization after the Korean currency crisis strengthened the financial linkage with international financial centers. It means that Korean policy makers have to consider foreign as well as domestic situations in designing effective financial policies. This paper suggests seven points to be included in the new dimensions of Korean financial policy. First, Korean government has to minimize policy mistakes, to enact monetary policy more carefully, and to develop financial institutions to provide variety of financing in the domestic economy. Second, Korean government has to promote international policy cooperation and to participate in establishing a new international regime that could reflect its own situations. |
| first_indexed | 2024-04-13T11:02:47Z |
| format | Article |
| id | doaj.art-f0f8fab16e8a4c34a7af8c0202b10b5e |
| institution | Directory Open Access Journal |
| issn | 2508-1640 2508-1667 |
| language | English |
| last_indexed | 2024-04-13T11:02:47Z |
| publishDate | 2000-09-01 |
| publisher | Korea Institute for International Economic Policy |
| record_format | Article |
| series | East Asian Economic Review |
| spelling | doaj.art-f0f8fab16e8a4c34a7af8c0202b10b5e2022-12-22T02:49:23ZengKorea Institute for International Economic PolicyEast Asian Economic Review2508-16402508-16672000-09-0143109134http://dx.doi.org/10.11644/KIEP.JEAI.2000.4.3.70Reconsiderations for Effective Financial Policy after Korean Currency CrisisChong Ook Rhee 0Seoul Women's UniversityFrom the empirical findings, we can conclude that the capital liberalization after the Korean currency crisis strengthened the financial linkage with international financial centers. It means that Korean policy makers have to consider foreign as well as domestic situations in designing effective financial policies. This paper suggests seven points to be included in the new dimensions of Korean financial policy. First, Korean government has to minimize policy mistakes, to enact monetary policy more carefully, and to develop financial institutions to provide variety of financing in the domestic economy. Second, Korean government has to promote international policy cooperation and to participate in establishing a new international regime that could reflect its own situations.http://dx.doi.org/10.11644/KIEP.JEAI.2000.4.3.70Korean Currency CrisisInternational Financial LinkageEffective Financial Policy |
| spellingShingle | Chong Ook Rhee Reconsiderations for Effective Financial Policy after Korean Currency Crisis East Asian Economic Review Korean Currency Crisis International Financial Linkage Effective Financial Policy |
| title | Reconsiderations for Effective Financial Policy after Korean Currency Crisis |
| title_full | Reconsiderations for Effective Financial Policy after Korean Currency Crisis |
| title_fullStr | Reconsiderations for Effective Financial Policy after Korean Currency Crisis |
| title_full_unstemmed | Reconsiderations for Effective Financial Policy after Korean Currency Crisis |
| title_short | Reconsiderations for Effective Financial Policy after Korean Currency Crisis |
| title_sort | reconsiderations for effective financial policy after korean currency crisis |
| topic | Korean Currency Crisis International Financial Linkage Effective Financial Policy |
| url | http://dx.doi.org/10.11644/KIEP.JEAI.2000.4.3.70 |
| work_keys_str_mv | AT chongookrhee reconsiderationsforeffectivefinancialpolicyafterkoreancurrencycrisis |