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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.
Publish Date
1999
Publisher
World Bank, East Asia and Pacific Region, Financial Sector Development Unit,
Development Research Group, Finance
Language
English
Pages
25
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Subjects
Bank loans, Credit, Finance, Financial crises, Monetary policy, Small businessPlaces
Korea (South)Showing 1 featured edition. View all 1 editions?
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The credit channel at work: lessons from the Republic of Korea's financial crisis
1999, World Bank, East Asia and Pacific Region, Financial Sector Development Unit, Development Research Group, Finance
in English
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Book Details
Published in
Washington, DC (1818 H St., NW, Washington 20433)
Edition Notes
Includes bibliographical references (p. 24-25).
"September 1999"--Cover.
Also available on the World Wide Web.
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- Created April 1, 2008
- 5 revisions
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December 4, 2020 | Edited by MARC Bot | import existing book |
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October 29, 2008 | Edited by ImportBot | add URIs from original MARC record |
April 1, 2008 | Created by an anonymous user | Imported from Scriblio MARC record. |