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KMID : 0896220010210010349
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Journal of Daegu Health College
2001 Volume.21 No. 1 p.349 ~ p.357
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A Study on the Crisis of Finance in Korea
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Yoo Byung-Hoon
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Abstract
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This study attempts to address how the situation of IMF in Korea affects the progress of economic development. The study covers two years, 1998, 1999. During these two years the Korea economy experienced a gloomy development pass.
Special emphasis in my review is given to the characteristics features of IMF Policy pursued to promote economic development. The IMF Policy recommended, the high interest policy and the following low interest policy, had resulted in the distortion of allocation of resources. In order to achieve persistent economic growth in Korea, advanced monetary method should be introduced.
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