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The Global Crisis and Korea's International Financial Policies (Special Studies, 5) Paperback – 2009

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Editorial Reviews

The book has contributors who describe the reactions of South Korea's government to the international financial crisis of 2008. Various policies were put into place to stabilise the won against the currencies of Korea's major trade partners.


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Product Details

  • Paperback
  • Publisher: Korea Economic Institute (2009)
  • ISBN-10: 0974714194
  • ISBN-13: 978-0974714196
  • Product Dimensions: 8.4 x 5.8 x 0.7 inches
  • Shipping Weight: 12.6 ounces
  • Average Customer Review: 4.0 out of 5 stars  See all reviews (1 customer review)
  • Amazon Best Sellers Rank: #9,763,538 in Books (See Top 100 in Books)

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Format: Paperback
The overall tone is cautiously optimistic. The contributors describe the reactions of the South Korean government and its major companies to the global financial crisis that peaked in late 2008. We see that international trade fell sharply, and Korea is heavily dependent on it. But the government took successful steps to prop up the economy vis a vis Korea's main trading partners.

Unlike the Asian currency crisis of the late 90s, the book shows that this time South Korea has fared better. There was no large fall in the won against other key currencies, and the government did not have to spend heavily to prevent this.
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