Author/Editor: Meral Karasulu.

Release Date:November, 2008

Korean household debt has reached 148 percent of disposable income, high by emerging market standards. Most of this debt remains at variable rates, shifting the interest rate risk from better more...

Author/Editor: Meral Karasulu, Matthew T Jones.

Release Date:May, 2006

The objective of this paper is to provide a retrospective assessment of our ability to have predicted the impact of the 1997 crisis on the Korean corporate sector. We perform some simple stress tests more...

Author/Editor: Kenneth Kang, Hong Liang, Henry Ma, Anthony J Richards, Ajai Chopra, Meral Karasulu.

Release Date:October, 2001

This paper reviews and draws lessons from the stabilization and reform program that Korea implemented in response to the 1997-98 crisis. The economy recovered quickly from the deep recession in 1998 more...