Global Economic Crisis: Impacts, Transmission and Recovery

Front Cover
Maurice Obstfeld, Dongchul Cho, Andrew Mason
Edward Elgar Publishing, Jan 1, 2012 - Business & Economics - 304 pages
In 2008, the global economy experienced the most severe crash since World War II. A sharp collapse in international trade followed, leaving no country on the globe immune to a sequence of economic shocks. This timely book explores many of the key issues r
 

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Contents

1 Introduction and overview
1
PART I Historical perspectives
17
is it unprecedented?
19
another currency crisis?
57
PART II International perspectives
79
determinants of exchange market pressure and absorption by international reserves
81
5 How did Korean financial markets get infected by the global financial crisis?
98
6 Imbalances overheating and the prospects for global recovery
118
7 The great trade collapse and contraction of exports from Korea during the global crisis
155
PART III Policy perspectives
179
8 Macroeconomic and financial policies before and after the crisis
181
9 Macroeconomic policies of Korea to cope with the crisis
204
10 Are all emerging market crises alike?
228
this time was different
250
Index
273
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