European Parliament Library

Republic of Korea :, Selected Issues

This paper analyzes the implications of global rebalancing in the post-crisis period for Korea and how high leverage in the household and SMEs sectors could affect this process. The first section of the paper discusses implications of global rebalancing for Korea using simulations from the Global Integrated Monetary and Fiscal Model (GIMF). The second section focuses on how rebalancing growth in Korea is different from the rest of the region, and discusses the challenges of highly leveraged households and SMEs for the rebalancing process. The last section concludes with policy recommendations
Table Of Contents
Cover; Contents; I. Local Challenges in Global Korea: Rebalancing with Leverage; A. Introduction; B. Implications of Global Rebalancing for Korea; C. How can Korea Rebalance its Growth; D. Conclusions and Policy Recommendations; References; II. Are Korean Households Saving too Little?; A. Introduction; B. What Explains Korean Households' Declining Saving Rate?; C. Conclusions and Policy Recommendations; References; III. Labor Market Dynamics in Korea--The Role of Institutions and Shocks; A. Introduction; B. Labor Market Dynamics During the "Great Recession"
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (45 p.)
Specific Material Designation
Form Of Item

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