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Capital Flows in Korea after Capital Account Liberalization

In: Volatile Capital Flows in Korea

Author

Listed:
  • Hail Park
  • Daeyup Lee
  • Kyuil Chung

Abstract

It is conventional wisdom that foreign capital inflows have a positive role in promoting economic growth and facilitating financial development in emerging markets that traditionally experience shortages of capital. Should the capital introduced abruptly flow out of a country, however, it delivers a great shock to that country’s economy. This has been well illustrated by the Asian financial crisis of the late 1990s and the global financial crisis in 2008.

Suggested Citation

  • Hail Park & Daeyup Lee & Kyuil Chung, 2014. "Capital Flows in Korea after Capital Account Liberalization," Palgrave Macmillan Books, in: Kyuil Chung & Soyoung Kim & Hail Park & Changho Choi & Hyun Song Shin (ed.), Volatile Capital Flows in Korea, chapter 4, pages 83-116, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-137-36876-8_4
    DOI: 10.1057/9781137368768_4
    as

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