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第 24 頁
It was mistake for the Korean government to make repayment guarantee for all
foreign debts of the private financial institutions, together with the Korean
government's decision to save the KIA Motor Company from default. It shifted the
domestic ...
It was mistake for the Korean government to make repayment guarantee for all
foreign debts of the private financial institutions, together with the Korean
government's decision to save the KIA Motor Company from default. It shifted the
domestic ...
第 25 頁
Then, foreign banks refused to extend the rollover of the short-term debts of the
Korean business firms and financial institutions, which in turn made them turn to
the domestic foreign exchange markets for buying to pay back foreign debts.
Then, foreign banks refused to extend the rollover of the short-term debts of the
Korean business firms and financial institutions, which in turn made them turn to
the domestic foreign exchange markets for buying to pay back foreign debts.
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常見字詞
activity addition adjustment allocation analysis Association assumed assumption banks becomes capital competitive consider constraint consumption cost crisis depends derive dynamic Economic effects equation equilibrium estimated example exchange rate expected factor Figure firm foreign function given growth Hanyang higher Hong implies incentives included income increase individual industry inflation initial interest introduced investment Journal Korean labor less marginal maximize means measure mentor menu cost migration monetary money demand nature Note optimal outliers output period positive possible present problem production profit Promotion proteges provides reduce relationship reported Research respect response Review sector shocks shows significant social solution Statistics steady structure substitution supply Table term tests theory tion transition University utility utility function variable welfare