Korean debt crisis is a cautionary tale as era of easy money ends

William White was quoted in a Bloomberg article focused on recent problems in Korea’s financial markets that eventually required forceful intervention by the authorities to restore order. White felt that many other countries might face similar problems as monetary policy tightened after many years of unusual ease which had invited leverage and imprudent behaviour.

https://mail.google.com/mail/u/0/#inbox/FMfcgzGrbRWfJNNvlfGZrlNRwSWLwFDx