Credit Allocation and Financial Crisis in Korea /

This paper analyzes some of the structural problems associated with the Korean financial sector, and investigates whether the financial system has allocated credit in an efficient way over the past three decades. Using data for 32 manufacturing sectors, we find no evidence that credit flows were dir...

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Bibliographic Details
Main Author: Borensztein, Eduardo
Other Authors: Lee, Jong-Wha
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 1999.
Series:IMF Working Papers; Working Paper ; No. 1999/020
Online Access:Full text available on IMF