01605cas a2200253 a 4500 AALejournalIMF000813 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451843828 1018-5941 BD-DhAAL BD-DhAAL Borensztein, Eduardo. Credit Allocation and Financial Crisis in Korea / Eduardo Borensztein, Jong-Wha Lee. Washington, D.C. : International Monetary Fund, 1999. 1 online resource (37 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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 directed to the relatively more profitable sectors, either before or after the financial reforms. We also find that the flow of credits did not contribute to improve the economic performance of the favored industries over time. Mode of access: Internet Lee, Jong-Wha. IMF Working Papers; Working Paper ; No. 1999/020 Full text available on IMF http://elibrary.imf.org/view/journals/001/1999/020/001.1999.issue-020-en.xml IMF e-Library