macroeconomic consequences of a possible crisis.
Strong financial position
China's financial position remains strong. The current account surplus will remain high this year despite a more rapid recovery of imports than exports (associated with the rebound of intermediate goods assemble in China). Foreign exchange reserves will thus remain very high.
Banking risk, however, has been increasing.
2) Managing external debt using sustainability indicators
External debt management involves balancing resource mobilization and deployment as well as orderly repayment of future obligations. For sustainable debt management, policy makers need to project accurate debt dynamics that are sensitive to the way the current account deficits are being financed. If borrowed resources are not used produ
1. Introduction
In 1999, the euro was introduced with the interests and expectations of the people around the world. Euro gave a many economic, social benefits to euro using countries as expected . With Euro's social, economic, status rising, many countries wanted to join the eurozone. Euro using countries had risen to 17 countries from 12 countries in 14 years. But high euro’s status began t
Overall condition of non-Eurozone
Many people think Europe debt crisis raised only by Eurozone countries.
Hungary is not included country as Eurozone. But early 2012, Hungary faced a crisis.
Czech had high economy stability throughout Europe but now the value of money has declined.
Non-Eurozone countries are also getting hard times.
The countries wanting to join Eurozone are of two minds
Ⅰ. 개요
한국의 외환위기에서 얻은 교훈은 금융부문의 건전성과 적절한 규제 및 감독이 만족되지 않는 상황에서의 자본자유화는 자유화 속도에 관계없이 문제가 발생한다는 것이다. 따라서 자본자유화 이전에 그 전제조건인 금융부문의 건전성 확보와 규제 및 감독의 강화가 필수적이라고 할 수 있