Choongsoo Kim: Global and local economic trends and challenges for the Bank of Korea’s monetary policy Speech by Mr Choongsoo Kim, Governor of the Bank of Korea, at the Seoul Financial Forum, Seoul, 17 August 2010. * I.
Nevertheless, we must take action in the near term in all areas. Can we prevent the next crisis? Almost by definition of the word “crisis” the response to this question is bound to be negative, but what we can and should do is to make our financial system more resilient when the next crisis will hit it.