Korea, in its pursuance of an export-oriented growth strategy, was gravely hit by the two oil price shocks in the 1970s, but overcame the difficulties with fairly successful adjustment policies. This paper reviews the recent macroeconomic evolution of Korea by describing its basic policy regimes, domestic as well as external shocks, and the ensuing policy responses. It also investigates the impact of external shocks on the Korean economy and evaluates...
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INFORMATION
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1987/02/01
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Document de travail départemental
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DRD208
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1
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1
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2013/06/05
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Disclosed
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The recent macroeconomic evolution of the Republic of Korea : an overview
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monetary policy