Crotty, James; Lee, Kang-Kook - In: Review of Radical Political Economics 41 (2009) 2, pp. 149-169
As late as October 1997 the IMF declared that the Korean economy was experiencing a temporary liquidity squeeze, not a solvency crisis. Yet in December 1997 Deputy Managing Director Stanley Fischer declared that Korea suffered from a systemic “breakdown of economic relations†so...
