Causes of the Korean Financial Crisis: Lessons for Policy

Joon-Ho Hahm and Frederic Mishkin

No 7483, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: 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.

JEL-codes: E5 F3 (search for similar items in EconPapers)
Date: 2000-01
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Citations: View citations in EconPapers (29)

Published as Shin, Inseok (ed.) The Korean Crisis, Before and After. Seoul: Korean Development Institute, 2000.

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