• Medientyp: E-Book
  • Titel: Credit Allocation and Financial Crisis in Korea
  • Beteiligte: Borensztein, Eduardo [VerfasserIn]; Borensztein, Eduardo [Sonstige Person, Familie und Körperschaft]; Lee, Jong-Wha [Sonstige Person, Familie und Körperschaft]
  • Erschienen: Washington, D.C: International Monetary Fund, 1999
    Online-Ausg.
  • Erschienen in: Internationaler Währungsfonds: IMF working papers ; 9900
  • Umfang: Online-Ressource (37 p)
  • Sprache: Englisch
  • DOI: 10.5089/9781451843828.001
  • ISBN: 1451843828; 9781451843828
  • Identifikator:
  • Art der Reproduktion: Online-Ausg.
  • Entstehung:
  • Anmerkungen:
  • Beschreibung: This paper analyzes some of the structural problems associated with the Korean financial sector, and investigates whether the financial system has allocated credit in an efficient way over the past three decades. Using data for 32 manufacturing sectors, we find no evidence that credit flows were directed to the relatively more profitable sectors, either before or after the financial reforms. We also find that the flow of credits did not contribute to improve the economic performance of the favored industries over time
  • Zugangsstatus: Freier Zugang