Excess Credit and the South Korean Crisis

Fattouh, Bassam and Demetriades, Panicos O. (2006). Excess Credit and the South Korean Crisis. UNU-WIDER.

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UNU-WIDER Working Papers

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  • Sub-type Research paper
    Author Fattouh, Bassam
    Demetriades, Panicos O.
    Title Excess Credit and the South Korean Crisis
    Volume/Issue No. 2006/84
    Publication Date 2006
    Place of Publication Helsinki
    Publisher UNU-WIDER
    Pages 18
    Language eng
    Abstract

    We provide a novel empirical analysis of the South Korean credit market that reveals large volumes of excess credit since the late 1970s, indicating that a sizeable proportion of total credit was being used to refinance unprofitable projects. Our findings
    Keyword Budget deficits
    Credit
    Financial crisis
    Loans
    Foreign
    Copyright Holder UNU-WIDER
    Copyright Year 2006
    Copyright type Fair use permitted
    ISSN 18102611
    ISBN 9789291908622
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    Created: Fri, 12 Feb 2016, 13:55:02 JST