The Korean Financial System: Overcoming the Global Financial Crisis and Addressing Remaining Problems
The intensification of the global financial crisis in late 2008 led to large capital outflows from Korea and turmoil in its capital markets. However, the prompt response by the government and the central bank stabilised Korea's financial sector in early 2009 and recovery followed relatively qui...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Weitere Verfasser: | , |
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2010
|
| Schriftenreihe: | OECD Economics Department Working Papers
no.796 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | The intensification of the global financial crisis in late 2008 led to large capital outflows from Korea and turmoil in its capital markets. However, the prompt response by the government and the central bank stabilised Korea's financial sector in early 2009 and recovery followed relatively quickly. In contrast to 1997, financial institutions have overcome the crisis without significant damage. Increased assistance for small and medium-sized enterprises has played a large role in overcoming the crisis, but should be scaled back to avoid supporting non-viable firms and to expand banks' capacity for risk appraisal, leading to a more market-oriented financial system. As a small open economy, Korea also needs to reduce its vulnerability to sudden capital outflows. In addition, it is important to use prudential regulations effectively to limit the risk of mortgage lending, upgrade the corporate governance of financial institutions and develop securitisation by ensuring transparency. |
| Beschreibung: | 1 Online-Ressource (40 p.) 21 x 29.7cm. |
| DOI: | 10.1787/5kmbhk6d24ln-en |
Internformat
MARC
| LEADER | 00000cam a22000002 4500 | ||
|---|---|---|---|
| 001 | ZDB-13-SOC-061289701 | ||
| 003 | DE-627-1 | ||
| 005 | 20231204121104.0 | ||
| 007 | cr uuu---uuuuu | ||
| 008 | 210204s2010 xx |||||o 00| ||eng c | ||
| 024 | 7 | |a 10.1787/5kmbhk6d24ln-en |2 doi | |
| 035 | |a (DE-627-1)061289701 | ||
| 035 | |a (DE-599)KEP061289701 | ||
| 035 | |a (FR-PaOEC)5kmbhk6d24ln-en | ||
| 035 | |a (EBP)061289701 | ||
| 040 | |a DE-627 |b ger |c DE-627 |e rda | ||
| 041 | |a eng | ||
| 084 | |a Q28 |2 jelc | ||
| 084 | |a Q56 |2 jelc | ||
| 084 | |a Q58 |2 jelc | ||
| 084 | |a Q54 |2 jelc | ||
| 100 | 1 | |a Tsutsumi, Masahiko |e VerfasserIn |4 aut | |
| 245 | 1 | 4 | |a The Korean Financial System |b Overcoming the Global Financial Crisis and Addressing Remaining Problems |c Masahiko, Tsutsumi, Randall S., Jones and Thomas F., Cargill = Le système financier coréen : Surmonter la crise financière mondiale et régler les problèmes qui subsistent / Masahiko, Tsutsumi, Randall S., Jones et Thomas F., Cargill |
| 246 | 3 | 3 | |a Le système financier coréen |
| 264 | 1 | |a Paris |b OECD Publishing |c 2010 | |
| 300 | |a 1 Online-Ressource (40 p.) |c 21 x 29.7cm. | ||
| 336 | |a Text |b txt |2 rdacontent | ||
| 337 | |a Computermedien |b c |2 rdamedia | ||
| 338 | |a Online-Ressource |b cr |2 rdacarrier | ||
| 490 | 0 | |a OECD Economics Department Working Papers |v no.796 | |
| 520 | |a The intensification of the global financial crisis in late 2008 led to large capital outflows from Korea and turmoil in its capital markets. However, the prompt response by the government and the central bank stabilised Korea's financial sector in early 2009 and recovery followed relatively quickly. In contrast to 1997, financial institutions have overcome the crisis without significant damage. Increased assistance for small and medium-sized enterprises has played a large role in overcoming the crisis, but should be scaled back to avoid supporting non-viable firms and to expand banks' capacity for risk appraisal, leading to a more market-oriented financial system. As a small open economy, Korea also needs to reduce its vulnerability to sudden capital outflows. In addition, it is important to use prudential regulations effectively to limit the risk of mortgage lending, upgrade the corporate governance of financial institutions and develop securitisation by ensuring transparency. | ||
| 650 | 4 | |a Economics | |
| 650 | 4 | |a Korea, Republic of | |
| 700 | 1 | |a Jones, Randall S... |e MitwirkendeR |4 ctb | |
| 700 | 1 | |a Cargill, Thomas F... |e MitwirkendeR |4 ctb | |
| 856 | 4 | 0 | |l FWS01 |p ZDB-13-SOC |q FWS_PDA_SOC |u https://doi.org/10.1787/5kmbhk6d24ln-en |3 Volltext |
| 912 | |a ZDB-13-SOC | ||
| 912 | |a ZDB-13-SOC | ||
| 951 | |a BO | ||
| 912 | |a ZDB-13-SOC | ||
| 049 | |a DE-863 | ||
Datensatz im Suchindex
| DE-BY-FWS_katkey | ZDB-13-SOC-061289701 |
|---|---|
| _version_ | 1816797337131941888 |
| adam_text | |
| any_adam_object | |
| author | Tsutsumi, Masahiko |
| author2 | Jones, Randall S.. Cargill, Thomas F.. |
| author2_role | ctb ctb |
| author2_variant | r s j rs rsj t f c tf tfc |
| author_facet | Tsutsumi, Masahiko Jones, Randall S.. Cargill, Thomas F.. |
| author_role | aut |
| author_sort | Tsutsumi, Masahiko |
| author_variant | m t mt |
| building | Verbundindex |
| bvnumber | localFWS |
| collection | ZDB-13-SOC |
| ctrlnum | (DE-627-1)061289701 (DE-599)KEP061289701 (FR-PaOEC)5kmbhk6d24ln-en (EBP)061289701 |
| discipline | Wirtschaftswissenschaften |
| doi_str_mv | 10.1787/5kmbhk6d24ln-en |
| format | Electronic eBook |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>02605cam a22004332 4500</leader><controlfield tag="001">ZDB-13-SOC-061289701</controlfield><controlfield tag="003">DE-627-1</controlfield><controlfield tag="005">20231204121104.0</controlfield><controlfield tag="007">cr uuu---uuuuu</controlfield><controlfield tag="008">210204s2010 xx |||||o 00| ||eng c</controlfield><datafield tag="024" ind1="7" ind2=" "><subfield code="a">10.1787/5kmbhk6d24ln-en</subfield><subfield code="2">doi</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-627-1)061289701</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)KEP061289701</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(FR-PaOEC)5kmbhk6d24ln-en</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(EBP)061289701</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-627</subfield><subfield code="b">ger</subfield><subfield code="c">DE-627</subfield><subfield code="e">rda</subfield></datafield><datafield tag="041" ind1=" " ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">Q28</subfield><subfield code="2">jelc</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">Q56</subfield><subfield code="2">jelc</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">Q58</subfield><subfield code="2">jelc</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">Q54</subfield><subfield code="2">jelc</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Tsutsumi, Masahiko</subfield><subfield code="e">VerfasserIn</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="4"><subfield code="a">The Korean Financial System</subfield><subfield code="b">Overcoming the Global Financial Crisis and Addressing Remaining Problems</subfield><subfield code="c">Masahiko, Tsutsumi, Randall S., Jones and Thomas F., Cargill = Le système financier coréen : Surmonter la crise financière mondiale et régler les problèmes qui subsistent / Masahiko, Tsutsumi, Randall S., Jones et Thomas F., Cargill</subfield></datafield><datafield tag="246" ind1="3" ind2="3"><subfield code="a">Le système financier coréen</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Paris</subfield><subfield code="b">OECD Publishing</subfield><subfield code="c">2010</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 Online-Ressource (40 p.)</subfield><subfield code="c">21 x 29.7cm.</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="a">Text</subfield><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="a">Computermedien</subfield><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="a">Online-Ressource</subfield><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="0" ind2=" "><subfield code="a">OECD Economics Department Working Papers</subfield><subfield code="v">no.796</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">The intensification of the global financial crisis in late 2008 led to large capital outflows from Korea and turmoil in its capital markets. However, the prompt response by the government and the central bank stabilised Korea's financial sector in early 2009 and recovery followed relatively quickly. In contrast to 1997, financial institutions have overcome the crisis without significant damage. Increased assistance for small and medium-sized enterprises has played a large role in overcoming the crisis, but should be scaled back to avoid supporting non-viable firms and to expand banks' capacity for risk appraisal, leading to a more market-oriented financial system. As a small open economy, Korea also needs to reduce its vulnerability to sudden capital outflows. In addition, it is important to use prudential regulations effectively to limit the risk of mortgage lending, upgrade the corporate governance of financial institutions and develop securitisation by ensuring transparency.</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Economics</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Korea, Republic of</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Jones, Randall S...</subfield><subfield code="e">MitwirkendeR</subfield><subfield code="4">ctb</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Cargill, Thomas F...</subfield><subfield code="e">MitwirkendeR</subfield><subfield code="4">ctb</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="l">FWS01</subfield><subfield code="p">ZDB-13-SOC</subfield><subfield code="q">FWS_PDA_SOC</subfield><subfield code="u">https://doi.org/10.1787/5kmbhk6d24ln-en</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC</subfield></datafield><datafield tag="951" ind1=" " ind2=" "><subfield code="a">BO</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-863</subfield></datafield></record></collection> |
| id | ZDB-13-SOC-061289701 |
| illustrated | Not Illustrated |
| indexdate | 2024-11-26T14:55:58Z |
| institution | BVB |
| language | English |
| open_access_boolean | |
| owner | DE-863 DE-BY-FWS |
| owner_facet | DE-863 DE-BY-FWS |
| physical | 1 Online-Ressource (40 p.) 21 x 29.7cm. |
| psigel | ZDB-13-SOC |
| publishDate | 2010 |
| publishDateSearch | 2010 |
| publishDateSort | 2010 |
| publisher | OECD Publishing |
| record_format | marc |
| series2 | OECD Economics Department Working Papers |
| spelling | Tsutsumi, Masahiko VerfasserIn aut The Korean Financial System Overcoming the Global Financial Crisis and Addressing Remaining Problems Masahiko, Tsutsumi, Randall S., Jones and Thomas F., Cargill = Le système financier coréen : Surmonter la crise financière mondiale et régler les problèmes qui subsistent / Masahiko, Tsutsumi, Randall S., Jones et Thomas F., Cargill Le système financier coréen Paris OECD Publishing 2010 1 Online-Ressource (40 p.) 21 x 29.7cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Economics Department Working Papers no.796 The intensification of the global financial crisis in late 2008 led to large capital outflows from Korea and turmoil in its capital markets. However, the prompt response by the government and the central bank stabilised Korea's financial sector in early 2009 and recovery followed relatively quickly. In contrast to 1997, financial institutions have overcome the crisis without significant damage. Increased assistance for small and medium-sized enterprises has played a large role in overcoming the crisis, but should be scaled back to avoid supporting non-viable firms and to expand banks' capacity for risk appraisal, leading to a more market-oriented financial system. As a small open economy, Korea also needs to reduce its vulnerability to sudden capital outflows. In addition, it is important to use prudential regulations effectively to limit the risk of mortgage lending, upgrade the corporate governance of financial institutions and develop securitisation by ensuring transparency. Economics Korea, Republic of Jones, Randall S... MitwirkendeR ctb Cargill, Thomas F... MitwirkendeR ctb FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/5kmbhk6d24ln-en Volltext |
| spellingShingle | Tsutsumi, Masahiko The Korean Financial System Overcoming the Global Financial Crisis and Addressing Remaining Problems Economics Korea, Republic of |
| title | The Korean Financial System Overcoming the Global Financial Crisis and Addressing Remaining Problems |
| title_alt | Le système financier coréen |
| title_auth | The Korean Financial System Overcoming the Global Financial Crisis and Addressing Remaining Problems |
| title_exact_search | The Korean Financial System Overcoming the Global Financial Crisis and Addressing Remaining Problems |
| title_full | The Korean Financial System Overcoming the Global Financial Crisis and Addressing Remaining Problems Masahiko, Tsutsumi, Randall S., Jones and Thomas F., Cargill = Le système financier coréen : Surmonter la crise financière mondiale et régler les problèmes qui subsistent / Masahiko, Tsutsumi, Randall S., Jones et Thomas F., Cargill |
| title_fullStr | The Korean Financial System Overcoming the Global Financial Crisis and Addressing Remaining Problems Masahiko, Tsutsumi, Randall S., Jones and Thomas F., Cargill = Le système financier coréen : Surmonter la crise financière mondiale et régler les problèmes qui subsistent / Masahiko, Tsutsumi, Randall S., Jones et Thomas F., Cargill |
| title_full_unstemmed | The Korean Financial System Overcoming the Global Financial Crisis and Addressing Remaining Problems Masahiko, Tsutsumi, Randall S., Jones and Thomas F., Cargill = Le système financier coréen : Surmonter la crise financière mondiale et régler les problèmes qui subsistent / Masahiko, Tsutsumi, Randall S., Jones et Thomas F., Cargill |
| title_short | The Korean Financial System |
| title_sort | korean financial system overcoming the global financial crisis and addressing remaining problems |
| title_sub | Overcoming the Global Financial Crisis and Addressing Remaining Problems |
| topic | Economics Korea, Republic of |
| topic_facet | Economics Korea, Republic of |
| url | https://doi.org/10.1787/5kmbhk6d24ln-en |
| work_keys_str_mv | AT tsutsumimasahiko thekoreanfinancialsystemovercomingtheglobalfinancialcrisisandaddressingremainingproblems AT jonesrandalls thekoreanfinancialsystemovercomingtheglobalfinancialcrisisandaddressingremainingproblems AT cargillthomasf thekoreanfinancialsystemovercomingtheglobalfinancialcrisisandaddressingremainingproblems AT tsutsumimasahiko lesystemefinanciercoreen AT jonesrandalls lesystemefinanciercoreen AT cargillthomasf lesystemefinanciercoreen AT tsutsumimasahiko koreanfinancialsystemovercomingtheglobalfinancialcrisisandaddressingremainingproblems AT jonesrandalls koreanfinancialsystemovercomingtheglobalfinancialcrisisandaddressingremainingproblems AT cargillthomasf koreanfinancialsystemovercomingtheglobalfinancialcrisisandaddressingremainingproblems |