소장기록

제목WP 99.7 Inflation Targeting in Korea An Empirical Exploration


설명This 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.


생산자IMF


날짜1999-01-00


기록유형문서류


기록형태회의록/자료


주제IMF협상


식별번호KC-R-01081


제목WP 99.7 Inflation Targeting in Korea An Empirical Exploration


설명This 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.


생산자IMF


날짜1999-01-00


크기 및 분량37쪽


언어영어


출처IMF


기록유형문서류


기록형태회의록/자료


대주제IMF협상


소주제후속조치


자원유형기록


파일 732a8daeb44782b57465aa26a2747fbd.PDF