I just got the ePSXe 1.7 to work and when I play disk 4 it works fine all the way up to the point where I defeat the Last Kraken. After I defeat it and get the experience and gold it goes completely black and doesn't seem to load up after that. Is there anyway to fix this "black screen".
Try a different video plugin, Pete's OpenGL2 and D3D plugins are the best. Playing around with the settings of the plugin, special game fixes, etc. Try a different version of ePSXe (like 1.5.2 and 1.6.0)