Growth, Crisis and the Korean Economy

Dongchul Cho is Chief Economist at the Korea Development Institute (KDI) and Professor at the KDI School of Public Policy and Management. He is also serving as a member of National Economic Advisory Council to the President. Before he joined the KDI in 1995, Dr. Cho was Professor of Economics at Texas A&M University. He graduated from Seoul National University and holds a PhD in Economics from the University of Wisconsin-Madison. His major areas of interest are macroeconomics and international finance.

Part I: Growth and Convergence 1. Industrialization, Convergence, and Patterns of Growth 2. The Other Side of Conditional Convergence 3. An Alternative Interpretation of Conditional Convergence Results Part II: Exchange Rate and Asian Crisis 4. The Predictive Ability of Alternative Models of Exchange Rate Volatility 5. Liberalization of Capital Flows in Korea: Big-Bang or Gradualism 6. Currency Crisis of Korea: Internal Weakness or External Interdependence 7. Interest Rates and Exchange Rates in the Korean, Philippine and Thai Exchange Rate Crises Part III: Global Crisis 8. House Prices in ASEAN+3: Recent Trends and Inter-Dependence 9. Crisis and Employment: the Case of Korea 10. Aggregate Demand Gap based on a Simple Structural VAR Model 11. Policy Reports for the G20 Summit Meetings Part IV: Crises and Recoveries of the Korean Economy 12. Korea’s Stabilization Policies in the 1980s 13. Overcoming the 1997-98 Crisis: Macroeconomic Policy Adjustments 14. The Monetary Policy Response to the Crisis 15. Responses of the Korean Economy to the Global Crisis: Another Currency Crisis?