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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Bibliographic Details
Main Authors:Ferri, Giovanni, 1957-
Corporate Authors:World Bank
World Bank
Other Authors:Kang, Tae Soo
Format: Online-Resource
Language:English
Published:Washington, DC (1818 H St., NW, Washington 20433) ; s.l. : Development Research Group, Finance, 1999
Series:Policy research working paper
Subjects:
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