The Role of Kamco in Resolving Nonperforming Loans in the Republic of Korea:

This paper aims to provide a balanced assessment of Korea Asset Management Corporation''s role in resolving nonperforming loans in the aftermath of the 1997-98 financial crisis. It argues that KAMCO''s incentive to dispose of NPLs can be explained by a strong social desire for a...

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1. Verfasser: He, Dong (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Washington, D.C International Monetary Fund 2004
Schriftenreihe:IMF Working Papers Working Paper No. 04/172
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Zusammenfassung:This paper aims to provide a balanced assessment of Korea Asset Management Corporation''s role in resolving nonperforming loans in the aftermath of the 1997-98 financial crisis. It argues that KAMCO''s incentive to dispose of NPLs can be explained by a strong social desire for a recovery of public funds injected for financial sector restructuring. KAMCO''s market-making role also helped overcome informational and coordination problems in the development of a market for distressed assets
Beschreibung:1 Online-Ressource (23 p)
ISBN:1451858604
9781451858600

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