Republic of Korea; 2009 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Korea

This 2009 Article IV Consultation highlights that like other open economies, Korea was hard hit by the global financial crisis during the last quarter of 2008. The authorities responded with a timely and comprehensive set of financial market and macrostabilization measures. Executive Directors have commended the authorities for their speedy and comprehensive measures, which have successfully stabilized the economy and the financial system. Directors have also supported the sizable and frontloaded fiscal stimulus package and the intention to maintain fiscal stimulus in 2010 given the uncertain outlook.

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Year of publication:	2009-08-20
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Article IV consultation reports \| Bank supervision \| Banking sector \| Central bank policy \| Economic growth \| Economic indicators \| External shocks \| Fiscal reforms \| Interest rate reductions \| Liquidity management \| Staff Reports \| external debt \| bonds \| current account \| financial institutions \| financial sector \| public debt \| bond \| central bank \| public sector debt \| current account balance \| balance of payments \| stock market \| total external debt \| debt service \| short-term debt \| government debt \| financial stability \| money markets \| financial market \| international standards \| debt dynamics \| private credit \| guaranteed bonds \| stock prices \| debt sustainability \| treasury bonds \| debt stock \| global bond \| stock market index \| global liquidity \| bond index \| portfolio investment \| financial system \| global bond index \| financial assets \| central banks \| debt ratio \| long-term debt \| deposit insurance \| amortization payments \| exchange rate devaluation \| overvaluation \| equity markets \| commercial bank loans \| external liabilities \| foreign currency debt \| nominal exchange rate \| currency mismatches \| international capital \| liquidity crisis \| corporate bonds \| domestic bond \| long-term loans \| current account surplus \| asset markets \| imf purchases \| external shock \| bond market \| bond issuance \| financial services \| asset bubbles \| financial deregulation \| domestic money markets \| corporate bond \| international reserves \| international capital markets \| bond yield \| nominal depreciation \| international financial statistics \| crowding out \| financial corporations \| domestic financial institutions \| external financing \| bank bonds \| international money markets \| debt relief \| interest coverage ratio \| external obligations \| bond fund \| nominal interest rate \| debt sustainability analysis \| currency debt

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 09/262 5 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011243917