The credit channel at work : lessons from the Republic of Korea's financial crisis / by Giovanni Ferri and Tae Soo Kang

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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Detalhes bibliográficos
Main Authors:Ferri, Giovanni, 1957-
Corporate Authors:World Bank
World Bank
Outros Autores:Kang, Tae Soo
Formato: Online-Resource
Idioma:English
Publicado em:Washington, DC (1818 H St., NW, Washington 20433) ; s.l. : Development Research Group, Finance, 1999
Colecção:Policy research working paper
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