Cover Image
Read Now

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 recovery of...

Full description

Bibliographic Details
Main Author: He, Dong
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2004
Series:IMF Working Papers
Subjects:
Depository Institutions
Distressed Assets
Banks
Finance
Banks And Banking
Industries: Financial Services
Financial Sector Policy And Analysis
Financial Institutions
Bankruptcy
General Financial Markets: Government Policy And Regulation
Micro Finance Institutions
Financial Institutions And Services: Government Policy And Regulation
Asset And Liability Management
Mortgages
Economic Sectors
Nonperforming Loans
International Financial Markets
Asset Management
Loans
Asset-liability Management
Financial Institutions And Services: General
Liquidation
Financial Services Industry
Financial Risk Management
Finance: General
Financial Sector
Korea, Republic Of
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary: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
Physical Description:23 pages
ISBN:9781451858600

Similar Items