Causes of the Korean Financial Crisis: Lessons for Policy /

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...

Ausführliche Beschreibung

Weitere Titel:

Causes of the Korean Financial Crisis

1. Verfasser:

Hahm, Joon-Ho

Körperschaft:

National Bureau of Economic Research

Weitere Verfasser:

Mishkin, Frederic S.

Format:

Elektronisch E-Book

Sprache:

Englisch

Veröffentlicht:

Cambridge, Mass. National Bureau of Economic Research 2000.

Zusammenfassung:

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.

Umfang:

1 online resource: illustrations (black and white);

Anmerkungen:

January 2000.

Schlagworte:

International Finance

Monetary Policy, Central Banking, and the Supply of Money and Credit