Currency Crisis in Korea: How Was It Aggravated?
This paper documents the Korean crisis in 1997. First, we show that it was hard to predict the Korean crisis at least up till the first half of 1997. Our judgment is based on the precrisis behavior of the leading indicators of currency crisis, financial market data such as forward exchange premiums...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
World Scientific Publishing
1998-01-01
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| Series: | Asian Development Review |
| Online Access: | https://www.worldscientific.com/doi/10.1142/S0116110598000050 |