IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this paper or follow this series

Business Sector Debt, Capital Markets Expansion and Liberalization in South Korea: Evidence from National Accounts Data

  • Domenica Tropeano

    (University of Macerata)

In this work the�sources of investment financing in South Korea in the period 1970-1997 are calculated�following the same method used by Colin Mayer and Jenny Corbett in their influential works. An anomaly of the Korean case is stressed. In the period before the financial crisis of 1997 the gross share of loans in investment finacning does not decrease while the net one�instead does. The reason may be the accumulation of financial (bank and other institutions) assets on the assets side of the corporate sector. This in turn may be due to timing of the�liberalization of interest rates�in that country. Interest rates on banks liabilities were liberalized before interest rates on bank assets. As a consequence of this timing the latter increased to very high levels while the former stayed constant.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://www.unimc.it/dief/wpaper/wpaper00010/filePaper
Download Restriction: no

Paper provided by Macerata University, Department of Finance and Economic Sciences in its series Working Papers with number 10-2001.

as
in new window

Length:
Date of creation: Oct 2001
Date of revision: Oct 2008
Handle: RePEc:mcr:wpdief:wpaper00010
Contact details of provider: Postal: Via Crescimbeni, 20 -62100 Macerata
Phone: 0733.258.201
Fax: 0733.258.205
Web page: http://www.unimc.it/dief
Email:


More information through EDIRC

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

as in new window
  1. Steven Radelet & Jeffrey D. Sachs, 1998. "The East Asian Financial Crisis: Diagnosis, Remedies, Prospects," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 29(1), pages 1-90.
  2. Mayer, Colin, 1987. "New Issues in Corporate Finance," CEPR Discussion Papers 181, C.E.P.R. Discussion Papers.
Full references (including those not matched with items on IDEAS)

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:mcr:wpdief:wpaper00010. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Silvana Tartufoli)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.