This paper is organized as follows. The next section presents a concise executive summary sketching the primary findings, commenting the related major problems and outlining for discussion some possible...
A systemic financial crisis with monetary restriction is probably the most promising occasion for assessing whether, and to what extent, relationship banking is valuable to borrowers. The authors take...
Taking the Korean experience as a laboratory experiment in systemic financial crises, the authors analyze distress in individual institutions among two groups of financial intermediaries. They pool together...
The authors suggest that the credit channel - as a transmitter of monetary and financial shocks - appears to have aggravated the Republic of Korea's economic crisis. They use micro-data gathered at the...
This note reports the results of a study that quantified the effect of currency and interest rate shocks in East Asia on the liquidity and solvency of nonfinancial corporations in the region. In a survey...