Changes in Determinants of Financial Stress in Emerging Market Economies after the GFC
dc.contributor.author | Young Sik Jeong | |
dc.contributor.author | Da Young Yang | |
dc.contributor.author | Eunjung Kang | |
dc.contributor.author | Deokki Ko | |
dc.date.accessioned | 2020-09-11T10:44:12Z | |
dc.date.available | 2020-09-11T10:44:12Z | |
dc.date.issued | 2020-08-13 | |
dc.identifier.issn | 2233-9140 | |
dc.identifier.uri | http://hdl.handle.net/11540/12369 | |
dc.description.abstract | Since the global financial crisis (GFC) in 2008, various forms of financial instability have repeatedly emerged when considering the European debt crisis, US interest rate hikes, plunge in commodity prices, and concerns about a hard landing in the Chinese economy. Recently, the international financial market has been unstable due to the COVID-19 pandemic and the intensifying US-China conflict. During this time, emerging countries and Korea have suffered from severe financial instability to a larger extent than advanced economies. Korea experienced de facto financial crisis twice, in 1997 and 2008, due to external shocks. The Korean financial market has recently been very unstable due to external shocks such as the COVID-19 pandemic and the deepening US-China dispute. Upon this backdrop, this study first attempts to diagnose the recent Korean financial instability through developing the KIEP Financial Stress Index (KIEP FSI). Next, we use the KIEP FSI to analyze the changes in determinants of financial stress after the GFC in Korea and emerging countries. Through this, we suggest policy implications to Korea, which is a highly open economy and vulnerable to external shocks. | |
dc.language | English | |
dc.publisher | Korea Institute for International Economic Policy | |
dc.title | Changes in Determinants of Financial Stress in Emerging Market Economies after the GFC | |
dc.type | Briefs | |
dc.subject.expert | Economic Crisis | |
dc.subject.expert | Economic Efficiency | |
dc.subject.expert | Economic Policies | |
dc.subject.expert | Financial Stability | |
dc.subject.expert | Financial Management System | |
dc.subject.expert | Financial Restructuring | |
dc.subject.expert | Capital Market Development | |
dc.subject.expert | Market Development | |
dc.subject.expert | Economics | |
dc.subject.expert | Erosion | |
dc.subject.expert | International Economics | |
dc.subject.expert | Macroeconomic | |
dc.subject.expert | Macroeconomic Analysis | |
dc.subject.expert | Performance Evaluation | |
dc.subject.expert | Impact Evaluation | |
dc.subject.expert | Foreign and Domestic Financing | |
dc.subject.expert | Foreign Direct Investment | |
dc.subject.expert | E-commerce | |
dc.subject.expert | Digital | |
dc.subject.adb | Economies in transition | |
dc.subject.adb | Economic agreements | |
dc.subject.adb | Social condition | |
dc.subject.adb | Economic dependence | |
dc.subject.adb | Economic assistance | |
dc.subject.adb | Crisis | |
dc.subject.adb | Taxation | |
dc.subject.adb | Public Accounting | |
dc.subject.adb | National Budget | |
dc.subject.adb | Municipal Bonds | |
dc.subject.adb | Local Government | |
dc.subject.adb | Local Taxes | |
dc.subject.adb | International Monetary Relations | |
dc.subject.adb | International Financial Market | |
dc.subject.adb | Multilateral Financial Institutions | |
dc.subject.adb | Economic Recession | |
dc.subject.adb | Market | |
dc.subject.adb | Crisis | |
dc.subject.adb | Economic indicators | |
dc.subject.adb | Growth models | |
dc.subject.adb | Gross domestic product | |
dc.subject.adb | Macroeconomics | |
dc.subject.adb | Economic forecast | |
dc.subject.adb | Business Financing | |
dc.subject.adb | Investment Requirements | |
dc.subject.adb | Corruption | |
dc.subject.adb | Money laundering | |
dc.subject.adb | Digital currency | |
dc.subject.adb | Bitcoin | |
dc.subject.adb | Digital economy | |
dc.subject.natural | Financial crisis | |
dc.subject.natural | Labor economics | |
dc.subject.natural | Regional economics | |
dc.subject.natural | Business recessions | |
dc.subject.natural | Multilateral development banks | |
dc.subject.natural | Regulatory reform | |
dc.subject.natural | Capital | |
dc.subject.natural | Exports | |
dc.subject.natural | Economic development projects | |
dc.subject.natural | Economic policy | |
dc.subject.natural | Economic forecasting | |
dc.subject.natural | Investment Requirements | |
dc.subject.natural | Banks | |
dc.subject.natural | International banks and banking | |
dc.subject.natural | Capital movements | |
dc.subject.natural | Central banks and banking | |
dc.subject.natural | Bills of exchange | |
dc.subject.natural | Swaps | |
dc.subject.natural | Banks and banking | |
dc.subject.natural | Financial crisis | |
dc.subject.natural | Credit control | |
dc.subject.natural | Credit allocation | |
dc.subject.natural | Capital market | |
dc.subject.natural | International liquidity | |
dc.subject.natural | Liquidity | |
dc.subject.natural | Exchange rate | |
dc.subject.natural | Use tax | |
dc.subject.natural | Taxing power | |
dc.subject.natural | State of taxation | |
dc.subject.natural | Tax-sales | |
dc.subject.natural | Tax revenue estimating | |
dc.subject.natural | Tax planning | |
dc.subject.natural | Spendings tax | |
dc.subject.natural | Special assessments | |
dc.subject.natural | Tax administration and procedure | |
dc.subject.natural | Sales tax | |
dc.subject.natural | Real property and taxation | |
dc.subject.natural | Progressive taxation | |
dc.subject.natural | Effect of taxation on land use | |
dc.subject.natural | Effect of taxation on labor supply | |
dc.subject.natural | Intergovernmental tax relations | |
dc.subject.natural | Inheritance and transfer tax | |
dc.title.series | KIEP World Economy Brief | |
dc.title.volume | Vol. 10 No. 22 | |
dc.contributor.imprint | Korea Institute for International Economic Policy | |
oar.theme | Finance | |
oar.theme | Economics | |
oar.adminregion | East Asia Region | |
oar.country | Republic of Korea | |
oar.identifier | OAR-011733 | |
oar.author | Jeong, Young Sik | |
oar.author | Yang, Da Young | |
oar.author | Kang, Eunjung | |
oar.author | Ko, Deokki | |
oar.import | TRUE | |
oar.googlescholar.linkpresent | true |