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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Auteurs principaux:Ferri, Giovanni, 1957-
Collectivités auteurs:World Bank
World Bank
Autres auteurs:Kang, Tae Soo
Format: Online-Resource
Langue:English
Publié:Washington, DC (1818 H St., NW, Washington 20433) ; s.l. : Development Research Group, Finance, 1999
Collection:Policy research working paper
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