ATaleofTwoCrisesKorea’sExperiencewithExternalDebt.pptVIP

A Tale of Two Crises: Korea’s Experience with External Debt Management;Korea’s Experience;Developments leading up to the 1979-1980 crisis;Additional Developments;1979-1980 Crisis;Crisis Response and Management;Recovery and Shift to Stabilization;1997-1998 Capital Account Crisis;Investment Boom prior to the 1997-1998 Crisis;Bursting of the Investment Bubble;Factors contributing to financial market collapse 1997;Additional factors contributing to collapse;Management and Recovery of 1997-1998 Crisis;Strong contraction of GDP in 1998 to -6.9 percent growth Rise in inflation (7.5 percent) Strong