Download This PaperCauses of the Korean Financial Crisis: Lessons for Policy
79 Pages Posted: 30 Mar 2000 Last revised: 14 Dec 2022
Date Written: January 2000
Abstract
This paper uses an asymmetric information framework to understand the causes of the recent financial crisis in Korea. It shows that the Korean data is consistent with this explanation of the crisis. It then draws on this analysis to discuss several lessons that can help guide Korean policymakers in the future.
Suggested Citation: Suggested Citation
Joon-Ho Hahm (Contact Author)
Korea Development Institute (KDI) ( email )
263 Namsejong-ro
Sejong-si 30149
Korea, Republic of (South Korea)
Frederic S. Mishkin
Columbia University - Columbia Business School, Finance ( email )
3022 Broadway
New York, NY 10027
United States
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