Capital Flows in Korea after Capital Account Liberalization

Hail Park, Daeyup Lee and Kyuil Chung

Chapter 4 in Volatile Capital Flows in Korea, 2014, pp 83-116 from Palgrave Macmillan

Abstract: 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.

Keywords: Gross Domestic Product; Capital Flow; Capital Inflow; Contractionary Phase; Foreign Direct Investment Inflow (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-36876-8_4

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DOI: 10.1057/9781137368768_4

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