Review Financial Crisis and Credit Crunch in Korea

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Financial Crisis and Credit Crunch in Korea High quality books

Financial Crisis and Credit Crunch in Korea
By:Jong-Wha Lee,Mr. Eduardo Borensztein
Published on 2000-01-01 by International Monetary Fund

This paper analyzes the credit crunch following the recent financial crisis in Korea. Using enterprise-level data, we find that there were big differences in the magnitude of the credit contraction across different types of firms. In particular, chaebol (conglomerate)-affiliated firms appeared to have lost the preferential access to credit they enjoyed in the pre-crisis period, and credit appears to have been reallocated in favor of more efficient firms. This suggests that the credit crunch suffered by certain sectors can be attributed to the adjustment by banks and enterprises to the restructuring of the financial sector, rather than to tight monetary policy or an external credit constraint.

This Book was ranked at 5 by Google Books for keyword Credit channel.

Book ID of Financial Crisis and Credit Crunch in Korea's Books is YN6epqPRT-UC, Book which was written byJong-Wha Lee,Mr. Eduardo Borenszteinhave ETAG "MxUE29z11xQ"

Book which was published by International Monetary Fund since 2000-01-01 have ISBNs, ISBN 13 Code is 9781451892055 and ISBN 10 Code is 1451892055

Reading Mode in Text Status is false and Reading Mode in Image Status is true

Book which have "28 Pages" is Printed at BOOK under CategoryBusiness and Economics

This Book was rated by Raters and have average rate at ""

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