Preface Chapter I Leading Up to Global Financial Crisis 1. International Macroeconomic Environment 2. Microeconomic Factors 3. Effects on Emerging Market Economies 4. Korea’s Road to Recovery Chapter II Policy Responses to Crisis 1. Stabilization of Financial Markets 2. Enhanced Capital Strength and Soundness of Financial Companies 3. Support for Corporate Funding 4. Intensified Corporate Restructuring Efforts 5. Greater Support to Low- and Middle-Income Population 6. BOK Monetary Policy in Response to Global Financial Crisis 7. Government Fiscal and Economic Policy Response to Global Financial Crisis 8. International Cooperation During Global Financial Crisis Chapter III Lessons for Crisis Management 1. Critical Importance of Preemptive and Decisive Stimulus Packages in Early Phase 2. Adhering to Principles and Discipline amid Crisis 3. Strong Leadership for Inter-Agency Cooperation and Public Support 4. Evolving Remedies for New Crises Chapter IV Lessons for Crisis Prevention and Future Agenda for Sustainable Financial Development 1. Rebalancing Financial Innovation and Prudential Regulation 2. Rebuilding Trust in Corporate and Financial Systems 3. Resetting Modern Financial Capitalism 4. Reshaping International Financial Regime 5. Rethinking Transition from Stimulus to Exit Strategy Conclusion