Description

---

Following on the heels of the devastating Asian Contagion of 1997, Korea went through a painful restructuring process and adopted a new international policy framework based on prescriptions for enhancing macroeconomic performance under free capital mobilit.

About the Author

---

Naohiko Baba, Goldman Sachs Japan, Japan Valentina Bruno, American University Changho Choi, Bank of Korea Kyuil Chung, Bank of Korea Daeyup Lee, Bank of Korea Seungwon Kim, Bank of Korea Soyoung Kim, Seoul National University Sunghyun H. Kim, Sungkyunkwan University Hail Park, Bank of Korea Ilhyock Shim, Bank for International Settlements Hyun Song Shin, Princeton University, USA Yunjong Wang, SK SUPEX Council Doo Yong Yang, Kyung Hee University