Republic of Korea: Selected Issues

International Monetary Fund

No 2010/271, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; SME; enterprise; rate; crisis; terms of trade; saving rate; household savings; SME guarantee; savings rate; consumption growth; SME restructuring; Employment; Labor markets; Income; Unemployment; Aging; Global; Asia and Pacific (search for similar items in EconPapers)
Pages: 43
Date: 2010-09-01
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