Korea stares into the abyss - But who is pulling it back? Korea looked to be heading straight for default. For the IMF plan to work, the banks had to cooperate as well. When William McDonough, chairman of the Federal Reserve Bank, called the six biggest US banks into his office, they listened. Rolling over credit lines was a start. And it bought enough time for two heroes to emerge from the mess ...
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Euromoney. - London : Euromoney Publ, ISSN 0014-2433, ZDB-ID 1902325. - 1998, p. 32-37