Since the 2008 global financial crisis, policymakers as well as
academicians have been seeking to fathom why subsequent recoveries
remain tenuous. Other outstanding issues that they have been trying
to understand include: why do some economies grow faster than
others? How should the exchange rate volatility be understood and
what factors make an economy more likely to fall into an exchange
rate crisis? What policies need to be taken during tranquil
periods, and how should they be changed once the crisis is
triggered? As a partial effort to meet such interests, this book
provides insights into these issues. This book examines growth and
convergence (Part I), exchange rate volatility and the Asian crisis
(Part II), and the global crisis (Part III). In addition, the book
also draws lessons from South Korea's experiences - a country which
has undergone three different crises and brisk recoveries (Part
IV). The book also includes some practical and policy-oriented
analysis. This is a truly comprehensive book bringing together
varied topics and diversity under one common theme - economic
growth and crisis.
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