The credit channel at work
Subtitle: lessons from the Republic of Korea's financial crisis
By: by Giovanni Ferri and Tae Soo Kang.
Contributors: Kang, Tae Soo.; World Bank. East Asia and Pacific Regional Office. Financial Sector Development Sector Unit.; World Bank. Development Research Group. Finance.
Series: Policy research working paper ;; 2190; Policy research working papers ;; 2190.
Publisher: World Bank, East Asia and Pacific Region, Financial Sector Development Unit; Development Research Group, Finance
Published: 1999
Place of publication: Washington, DC (1818 H St., NW, Washington 20433)
Language: eng
Number of pages: 25
Subjects: Financial crises -- Korea (South); Monetary policy -- Korea (South); Credit -- Korea (South); Small business -- Korea (South) -- Finance.; Bank loans -- Korea (South)
Description: 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, such as small and medium-sized enterprises.
Notes: Includes bibliographical references (p. 24-25).
"September 1999"--Cover.
Also available on the World Wide Web.