NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Causes of the Korean Financial Crisis: Lessons for Policy

Joon-Ho Hahm, Frederic S. Mishkin

NBER Working Paper No. 7483*
Issued in January 2000
NBER Program(s):   IFM

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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