Open Access (free)
Crisis, reform and recovery
Shalendra D. Sharma

to reveal the true situation of the economy to the public. A government report inflated the amount of available foreign exchange reserves.” Moon and Rhyu (2000, 92) note that “Kim Young Sam failed to ensure bureaucratic and policy stability. Macroeconomic policy instability and the subsequent economic crisis were in fact aggravated by frequent reshuffles of the economic cabinet. During the Kim Young Sam government, deputy prime ministers in charge of finance and the economy were reshuffled seven times for reasons of policy failures such as price instability, current

in The Asian financial crisis