소장기록
제목WP 00.25 Financial Crisis and Credit Crunch in Korea - Evidence from Firm-Level Data
설명This 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.
생산자IMF
날짜2000-02-00
기록유형문서류
기록형태회의록/자료
주제IMF협상
식별번호KC-R-01072
제목WP 00.25 Financial Crisis and Credit Crunch in Korea - Evidence from Firm-Level Data
설명This 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.
생산자IMF
날짜2000-02-00
크기 및 분량30쪽
언어영어
출처IMF
기록유형문서류
기록형태회의록/자료
대주제IMF협상
소주제후속조치
자원유형기록
파일 48d54b660c1473f24861842b94f64f49.PDF
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