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The causes of the economic crisis: A synthetic approach

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  • Hakun Kim

Abstract

The purpose of this paper is to present a proposal that the Korean financial crisis was concurrently created with the real crisis and vice versa. This proposal is a synthetic approach of the two streams of thought on the economic crisis; the monetary and real approach. The key variable turns out to be the relative magnitude between weighted profit rates and weighted average rates, each of which represent each of the monetary and real sector.

Suggested Citation

  • Hakun Kim, 1999. "The causes of the economic crisis: A synthetic approach," Global Economic Review, Taylor & Francis Journals, vol. 28(4), pages 70-78.
  • Handle: RePEc:taf:glecrv:v:28:y:1999:i:4:p:70-78
    DOI: 10.1080/12265089908449774
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    References listed on IDEAS

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    1. Milton Friedman & Anna J. Schwartz, 1963. "A Monetary History of the United States, 1867–1960," NBER Books, National Bureau of Economic Research, Inc, number frie63-1, October.
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