Park, Donghyun; Oh, Junggun - In: Review of Pacific Basin Financial Markets and Policies … 08 (2005) 04, pp. 707-731
Korea's financial crisis of 1997–1998 was brought about by the unsustainable combination of large capital inflows and an inefficient financial system. The Bank of Korea contributed to the crisis primarily through its failures as the regulator of the financial system rather than as the...