Global Economic Crisis
Preview

Hardback

Global Economic Crisis

Impacts, Transmission and Recovery

9781781006290 Edward Elgar Publishing
Edited by Maurice Obstfeld, Class of 1958 Professor of Economics, University of California, Berkeley, Dongchul Cho, Member of the Monetary Policy Board, The Bank of Korea and former Chief Economist, Korea Development Institute and Andrew Mason, Professor Emeritus of Economics, University of Hawaii at Manoa and Adjunct Senior Fellow, East-West Center, Hawaii, US
Publication Date: 2012 ISBN: 978 1 78100 629 0 Extent: 304 pp
The expert contributors compare the recent crisis with earlier crises, explore international aspects of the crisis from the perspectives of financial markets and trade, and examine macroeconomic policy responses. In so doing, they address important questions including: How did this crisis differ from those suffered previously? How and why did flaws in financial markets contribute to the crisis? How important were global imbalances and global overheating in explaining the global meltdown? Did different pre-crisis fundamentals generate different post-crisis performances? And, how severe were the economic shocks to countries such as Korea and other emerging economies?

Copyright & permissions

Recommend to librarian

Your Details

Privacy Policy

Librarian Details

Download leaflet

Print page

More Information
Contributors
Contents
More Information
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 raised in the wake of the global economic crisis and provides an in-depth analysis of crisis transmission to emerging markets.

The expert contributors compare the recent crisis with earlier crises, explore international aspects of the crisis from the perspectives of financial markets and trade, and examine macroeconomic policy responses. In so doing, they address important questions including: How did this crisis differ from those suffered previously? How and why did flaws in financial markets contribute to the crisis? How important were global imbalances and global overheating in explaining the global meltdown? Did different pre-crisis fundamentals generate different post-crisis performances? And, how severe were the economic shocks to countries such as Korea and other emerging economies?

Academics, students and policymakers in the fields of economics, international economics, finance, money and banking and Asian studies will find this book to be a thought-provoking and stimulating read.
Contributors
Contributors: J. Aizenman, M.D. Bordo, M. Chamon, M.D. Chinn, D. Cho, B. Eichengreen, A. Ghosh, M.M. Hutchison, H.-W. Kim, J.I. Kim, J.S. Landon-Lane, H. Lee, H. Lee, K.-M. Lim, A. Mason, M. Obstfeld, M.-K. Song
Contents
Contents:

Preface

1. Introduction and Overview
Maurice Obstfeld, Dongchul Cho and Andrew Mason

PART I: HISTORICAL PERSPECTIVES
2. The Global Financial Crisis: Is It Unprecedented?
Michael D. Bordo and John S. Landon-Lane

3. Responses of the Korean Economy to the Global Economic Crisis: Another Currency Crisis?
Dongchul Cho

PART II: INTERNATIONAL PERSPECTIVES
4. International Financial Markets and Transmission of the Crisis: Determinants of Exchange Market Pressure and Absorption by International Reserves
Joshua Aizenman and Michael M. Hutchison

5. How Did Korean Financial Markets Get Infected by the Global Financial Crisis?
Hangyong Lee and Min-Kyu Song

6. Imbalances, Overheating and the Prospects for Global Recovery
Menzie D. Chinn

7. The Great Trade Collapse and Contraction of Exports from Korea during the Global Crisis
Hangyu Lee

PART III: POLICY PERSPECTIVES
8. Macroeconomic and Financial Policies Before and After the Crisis
Barry Eichengreen

9. Macroeconomic Policies of Korea to Cope with the Crisis
Hyeon-Wook Kim

10. Are All Emerging Market Crises Alike?
Marcos Chamon, Atish Ghosh and Jun Il Kim

11. Structural Fundamentals of Korean Corporations: This Time Was Different
Kyung-Mook Lim

Index
eBook for individuals
978 1 78100 630 6
From £25.00
Click here for options
eBook for library purchase
978 1 78100 630 6
View sample chapter and check access on:
eBook options

Available for individuals to buy from these websites

Or recommend to your institution to acquire on Elgaronline
  • Buy as part of an eBook subject collection - flexible options available
  • Downloading and printing allowed
  • No limits on concurrent user access, ideal for course use
My Cart