US Financial Crisis: South Korea – 1997 South East Asian Financial Crisis vs 2008 Financial Crisis
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Code : ECC0039
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Region : US |
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Introduction: Global financial market conditions have started deteriorating rapidly since mid-2008. Failure of banks and financial institutions spread from the US to many countries across the world. As a result, funding pressures in the inter-bank money market persisted and equity markets weakened further. Central banks continued to take action to enhance the effectiveness of their liquidity facilities. The turbulence spread its wings fromdevelopedmarkets to emerging economies. Among the emerging economies, South Korea is at present witnessing a recession-like situation... |
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