The credit channel at work: lessons from the Republic of Korea's financial crisis

When negative monetary and financial shocks hit the Korean economy, reactions in the financial system amplified the impact of the shocks by reducing the credit available and increasing its cost. This particularly hurt segments of the economy that rely heavily on bank credit for external financing, s...

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Bibliographic Details
Main Author: Ferri, Giovanni 1957- (Author)
Format: Electronic eBook
Language:English
Published: Washington, DC (1818 H St., NW, Washington 20433) ; s.l. Development Research Group, Finance 1999
Series:Policy research working paper 2190
Subjects:
Online Access:Volltext
Summary:When negative monetary and financial shocks hit the Korean economy, reactions in the financial system amplified the impact of the shocks by reducing the credit available and increasing its cost. This particularly hurt segments of the economy that rely heavily on bank credit for external financing, such as small and medium-sized enterprises
Item Description:"September 1999"--Cover. - Includes bibliographical references (p. 24-25)
Erscheinungsjahr in Vorlageform:[1999]
Weitere Ausgabe: Ferri, Giovanni : The credit channel at work
Physical Description:1 Online-Ressource (25 Seiten) Illustrationen 28 cm