Credit Allocation and Financial Crisis in Korea:
This paper analyzes some of the structural problems associated with the Korean financial sector, and investigates whether the financial system has allocated credit in an efficient way over the past three decades. Using data for 32 manufacturing sectors, we find no evidence that credit flows were dir...
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1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
1999
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Schriftenreihe: | IMF Working Papers
Working Paper No. 99/20 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | This paper analyzes some of the structural problems associated with the Korean financial sector, and investigates whether the financial system has allocated credit in an efficient way over the past three decades. Using data for 32 manufacturing sectors, we find no evidence that credit flows were directed to the relatively more profitable sectors, either before or after the financial reforms. We also find that the flow of credits did not contribute to improve the economic performance of the favored industries over time |
Beschreibung: | 1 Online-Ressource (37 p) |
ISBN: | 1451843828 9781451843828 |
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spelling | Borensztein, Eduardo Verfasser aut Credit Allocation and Financial Crisis in Korea Borensztein, Eduardo Washington, D.C International Monetary Fund 1999 1 Online-Ressource (37 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 99/20 This paper analyzes some of the structural problems associated with the Korean financial sector, and investigates whether the financial system has allocated credit in an efficient way over the past three decades. Using data for 32 manufacturing sectors, we find no evidence that credit flows were directed to the relatively more profitable sectors, either before or after the financial reforms. We also find that the flow of credits did not contribute to improve the economic performance of the favored industries over time Online-Ausg Lee, Jong-Wha Sonstige oth http://elibrary.imf.org/view/IMF001/01436-9781451843828/01436-9781451843828/01436-9781451843828.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Borensztein, Eduardo Credit Allocation and Financial Crisis in Korea |
title | Credit Allocation and Financial Crisis in Korea |
title_auth | Credit Allocation and Financial Crisis in Korea |
title_exact_search | Credit Allocation and Financial Crisis in Korea |
title_exact_search_txtP | Credit Allocation and Financial Crisis in Korea |
title_full | Credit Allocation and Financial Crisis in Korea Borensztein, Eduardo |
title_fullStr | Credit Allocation and Financial Crisis in Korea Borensztein, Eduardo |
title_full_unstemmed | Credit Allocation and Financial Crisis in Korea Borensztein, Eduardo |
title_short | Credit Allocation and Financial Crisis in Korea |
title_sort | credit allocation and financial crisis in korea |
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