The causes of the economic crisis: A synthetic approach

Hakun Kim

Global Economic Review, 1999, vol. 28, issue 4, 70-78

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.

Date: 1999
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DOI: 10.1080/12265089908449774

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