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,...
| Main Authors: | , |
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| Corporate Authors: | , |
| Other Authors: | |
| Format: | Book |
| Language: | English |
| Published: |
Washington, DC :
World Bank, East Asia and Pacific Region, Financial Sector Development Unit, and, Development Research Group, Finance,
[1999]
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| Series: | Policy research working papers ;
2190 |
| Subjects: |
| 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 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 |
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| Item Description: | "September 1999"--Cover |
| Physical Description: | 25 p. : ill. ; 28 cm Also available on the World Wide Web |
| Bibliography: | Includes bibliographical references (p. 24-25) |