Bank of Korea reflates sharply

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• Princes of the Yen whole source · open book

  Credit creation by the Bank of Korea in mid-1998 shot up by the biggest amount in twenty-five years—quite parallel to the BoJ’s reflation. As a result, Korean economic growth expanded sharply in the first quarter of 1999.

  chapter: 17. The Asian Crisis and the Central Bankers

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• Richard Werner author of the source

Appears in 4 stories

• Asian crisis and the blocked Asian Monetary Fund step 8
• Paper money, central banks, and credit creation step 55
• Princes of the Yen: Japan built, bubbled, and broken step 267
• Quantitative easing begins in Japan step 6

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