Republic of Korea: Selected Issues

September 1, 2010

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Format: Chicago

Republic of Korea: Selected Issues, (USA: International Monetary Fund, 2010) accessed November 22, 2024

Summary

This paper analyzes the implications of global rebalancing in the post-crisis period for Korea and how high leverage in the household and SMEs sectors could affect this process. The first section of the paper discusses implications of global rebalancing for Korea using simulations from the Global Integrated Monetary and Fiscal Model (GIMF). The second section focuses on how rebalancing growth in Korea is different from the rest of the region, and discusses the challenges of highly leveraged households and SMEs for the rebalancing process. The last section concludes with policy recommendations.

Subject: Aging, Employment, Income, Labor, Labor markets, National accounts, Population and demographics, Unemployment

Keywords: Aging, Asia and Pacific, Consumption growth, CR, Crisis, Employment, Enterprise, Global, Household savings, Income, ISCR, Labor markets, Rate, Saving rate, Savings rate, SME, SME guarantee, SME restructuring, Terms of trade, Unemployment

Publication Details

Pages:

43
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/271
Stock No:

1KOREA2010003
ISBN:

9781455204311
ISSN:

1934-7685

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