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Causes of the Korean Financial Crisis: Lessons for Policy

  • Joon-Ho Hahm
  • Frederic S. Mishkin

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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Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 7483.

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Date of creation: Jan 2000
Date of revision:
Publication status: published as Shin, Inseok (ed.) The Korean Crisis, Before and After. Seoul: Korean Development Institute, 2000.
Handle: RePEc:nbr:nberwo:7483
Note: IFM
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