The Role of Kamco in Resolving Nonperforming Loans in the Republic of Korea /
This paper aims to provide a balanced assessment of Korea Asset Management Corporation's role in resolving nonperforming loans in the aftermath of the 1997-98 financial crisis. It argues that KAMCO's incentive to dispose of NPLs can be explained by a strong social desire for a recovery of...
|a The Role of Kamco in Resolving Nonperforming Loans in the Republic of Korea /
|c Dong He.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2004.
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|a 1 online resource (23 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a This paper aims to provide a balanced assessment of Korea Asset Management Corporation's role in resolving nonperforming loans in the aftermath of the 1997-98 financial crisis. It argues that KAMCO's incentive to dispose of NPLs can be explained by a strong social desire for a recovery of public funds injected for financial sector restructuring. KAMCO's market-making role also helped overcome informational and coordination problems in the development of a market for distressed assets.
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|a Mode of access: Internet
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|a IMF Working Papers; Working Paper ;
|v No. 2004/172
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2004/172/001.2004.issue-172-en.xml
|z IMF e-Library