SESSION I. THE KOREAN CRISIS AND ECONOMIC CHANGES 1. Korea Ten Years after the Crisis: Collateral and Reserve Accumulation / Michael P. Dooley, Peter Garber, and David Folkerts-Landau Comments on “Korea Ten Years after the Crisis: Collateral and Reserve Accumulation”: Two Crises of International Economics / Naoyuki Yoshino 2. Inflation Targeting in Korea: Success, Good Luck or Bad Luck? / Yung Chul Park and Charles Wyplosz Comments on “Inflation Targeting in Korea: Success, Good Luck or Bad Luck?” / Hans Genberg 3. Ten Years after the Crisis: Financial System Transition in Korea / Joon Ho Hahm Comments on “Ten Years after the Crisis: Financial System Transition in Korea” / Shinji Takagi 4. Corporate Sector Restructuring in Korea: Status and Challenges / Stijn Claessens and Dongsoo Kang Comments on “Corporate Sector Restructuring in Korea: Status and Challenges” / Youngjae Lim SESSION II. CHANGES LOOKING FORWARD: TOWARDS LONG-TERM STABLE ECONOMIC GROWTH 1. Achieving Long-Term Fiscal Sustainability in Korea / Tarhan Feyzioğlu, Michael Skaarup, and Murtaza Syed Comments on “Achieving Long-Term Fiscal Sustainability in Korea”: Should We Be Concerned by Korea’s Exposure to the International Interbank Market? / Robert N. McCauley 2. Household Debt in Korea and Macroeconomic Implications / Meral Karasulu and Jerald A. Schiff Comments on “Household Debt in Korea and Macroeconomic Implications” / Chang Seok Oh 3. Productivity Growth and Structural Changes in Korean Economy before and after the Financial Crisis / Hak K. Pyo Comments on “Productivity Growth and Structural Changes in Korean Economy before and after the Financial Crisis” / Chin Hee Hahn SESSION III. WHAT IS THE AGENDA FOR THE NEXT 10 YEARS? 1. Changes in Labor Quality among New College Graduates in Korea / Dae Il Kim Comments on “Changes in Labor Quality among New College Graduates in Korea” / Yeongkwan Song 2. Trade Structure, FTAs, and Economic Growth: Implications for East Asia / Chan-Hyun Sohn and Hongshik Lee Comments on “Trade Structure, FTAs, and Economic Growth: Implications for East Asia” / Hyun-Hoon Lee 3. Crisis, Adjustment, and Long-run Economic Growth in Korea / Noh Sun Kwark, Changyong Rhee and Doo Yong Yang Comments on “Crisis, Adjustment, and Long-run Economic Growth in Korea” / Kwanho Shin