Asian Financial Crisis and Global Financial crisis

목차

1. Introduction
2. Asian financial crisis around 1997
3. Global financial crisis around 2008
4. Differences and Similarities
5. Opinion for precaution for Korean economy

References

본문내용

Due to the 2020 epidemic of COVID-19, the world has faced unprecedented fear. The global consumer and production markets have been suspended due to social distancing. Governments in each country considering the economic impact have released liquidity so that there is no impact on the economy. But this liquidity has created a bubble in each country's economies. It is similar to the time when a bubble was formed in the global asset market before the 2008 global economic crisis. As prices rise sharply due to liquidity in 2021, central banks are inducing price stability through interest rate hikes. Businesses and consumers are experiencing credit crunch problems due to sudden interest rate hikes. Already, the economic sector is agonizing over the economic recession caused by the Legoland crisis and credit problems of construction companies.
South Korea has suffered an unprecedented economic crisis twice in a short period of 30 years. The 1997 Asian financial crisis and the 2008 financial crisis have made it difficult for the highly dependent Korean economy.

참고 자료

장영혜(2014). 금융위기 대응정책에 대한 비교연구 :1997년 한국 위기와 2008년 미국발 위기의 사례를 중심으로. 성균관대학교 석사학위논문.
김윤환(2013). 금융위기: 본질과 대책. 서울:한국금융연수원 도서출판부