Causes of the Korean Financial Crisis: Lessons for Policy
79 Pages Posted: 30 Mar 2000 Last revised: 1 Apr 2001
Date Written: January 2000
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.
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