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, s...
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| Corporate Authors: | , |
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| Format: | eBook |
| Language: | English |
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Washington, DC (1818 H St., NW, Washington 20433)
Development Research Group, Finance
1999
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| Series: | Policy research working paper
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| Collection: | World Bank E-Library Archive - Collection details see MPG.ReNa |
| 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 |
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| Item Description: | "September 1999"--Cover. - Includes bibliographical references (p. 24-25) |
| Physical Description: | 25 p ill 28 cm |