The International Monetary Fund says Korea is one of the strongest countries in the world in its ability to recover from a global financial crisis.

In a research paper released by the IMF, Korea, Denmark, New Zealand and Norway were judged the best prepared among 23 countries to recover from an unexpected shock.

These countries were estimated to possess a fiscal reserve level of 100 percent that can be used to stabilize the economy in adverse situations.

However, the global fund expressed concerns over Greece, Italy, Japan and Portugal, which have almost no liquidity reserves to cope with another emergency.