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150128 ||| eng |
| 020 |
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|a 9781451844252
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| 100 |
1 |
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|a Lee, Jong-Wha
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| 245 |
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0 |
|a Financial Crisis and Credit Crunch in Korea
|b Evidence From Firm-Level Data
|c Jong-Wha Lee, Eduardo Borensztein
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2000
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| 300 |
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|a 28 pages
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| 651 |
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4 |
|a Korea, Republic of
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| 653 |
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|a Interest Rates: Determination, Term Structure, and Effects
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| 653 |
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|a Industries: Financial Services
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| 653 |
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|a Bank credit
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| 653 |
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|a Monetary Policy
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| 653 |
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|a Economywide Country Studies: Asia including Middle East
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| 653 |
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|a Banks
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| 653 |
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|a Corporate Finance and Governance
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| 653 |
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|a Saving and Capital Investment
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| 653 |
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|a Banks and Banking
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| 653 |
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|a Banking
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| 653 |
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|a Real interest rates
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| 653 |
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|a Finance
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| 653 |
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|a Financial services
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| 653 |
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|a Financial institutions
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| 653 |
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|a Financial Crises
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| 653 |
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|a Financial crises
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| 653 |
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|a Monetary economics
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| 653 |
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|a Money and Monetary Policy
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| 653 |
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|a Depository Institutions
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| 653 |
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|a Monetary Policy, Central Banking, and the Supply of Money and Credit: General
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| 653 |
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|a Economic Development: Financial Markets
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| 653 |
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|a Micro Finance Institutions
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| 653 |
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|a Mortgages
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| 653 |
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|a Interest rates
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| 653 |
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|a Money
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| 653 |
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|a Loans
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| 653 |
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|a Economic & financial crises & disasters
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| 653 |
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|a Credit
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| 653 |
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|a Financial Risk Management
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| 653 |
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|a Banks and banking
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| 700 |
1 |
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|a Borensztein, Eduardo
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| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
0 |
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|a IMF Working Papers
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| 028 |
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|a 10.5089/9781451844252.001
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| 856 |
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|u https://elibrary.imf.org/view/journals/001/2000/025/001.2000.issue-025-en.xml?cid=3432-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
0 |
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|a 330
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| 520 |
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|a This paper analyzes the credit crunch following the recent financial crisis in Korea. Using enterprise-level data, we find that there were big differences in the magnitude of the credit contraction across different types of firms. In particular, chaebol (conglomerate)-affiliated firms appeared to have lost the preferential access to credit they enjoyed in the pre-crisis period, and credit appears to have been reallocated in favor of more efficient firms. This suggests that the credit crunch suffered by certain sectors can be attributed to the adjustment by banks and enterprises to the restructuring of the financial sector, rather than to tight monetary policy or an external credit constraint
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