Word: yi
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Dates: during 2000-2009
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...Staff Writer Esther I. Yi can be reached at estheryi@fas.harvard.edu...
...Staff Writer Esther I. Yi can be reached at estheryi@fas.harvard.edu...
...million of those toxic mortgage-backed securities that doomed banks in the U.S., while the central bank was well stocked with $240 billion of hard-currency reserves - more than sufficient, economists believed, to protect the economy from any external shocks. "We didn't need a special spotlight," says Yi Jong Goo, standing commissioner at the Financial Services Commission (FSC), the government agency that oversees the country's finance industry. They got one anyway. International bankers and investors yanked money from emerging markets worldwide. South Korea's banks rely more on external financing than most others in the region. Amid...
...November, the Finance Ministry announced an $11 billion stimulus package that included tax breaks and new infrastructure spending. The moves have recently brought some stability to stock and currency markets and eased foreign financing for South Korean banks. "I think we did the right things," says the FSC's Yi. That may be enough to lift South Korea's economy but not, perhaps, the spirits of its people...
...said. “There are always unexpected financial events that occur in the lives of students and families that affect their ability to finance education.” —Staff writer Benjamin M. Jaffe can be reached at bjaffe@fas.harvard.edu. —Staff writer Esther I. Yi can be reached at estheryi@fas.harvard.edu...