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Journal article
The Impact of Foreign Banks on Monetary Policy Transmission During the Global Financial Crisis of 2008-2009: Evidence from Korea
Emerging markets finance & trade, v 52(7), pp 1574-1586
01 Jan 2016
Featured in Collection : UN Sustainable Development Goals @ Drexel
Abstract
This article examines the impact of foreign banks on the monetary policy transmission mechanism in the Korean economy during the period from 2000 to 2012, with a specific focus on the lending behavior of banks with different types of ownership. Using bank-level panel data of the banking system in Korea, we present consistent evidence on the buffering impact that the foreign banks, especially foreign bank branches including US bank branches, on the effectiveness of the monetary policy transmission mechanism in Korea from the bank-lending channel perspective during the global financial crisis of 2008-2009.
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Details
- Title
- The Impact of Foreign Banks on Monetary Policy Transmission During the Global Financial Crisis of 2008-2009: Evidence from Korea
- Creators
- Ji Wu - Southwestern University of Finance and EconomicsHosung Lim - Bank of KoreaBang Nam Jeon - Drexel University
- Publication Details
- Emerging markets finance & trade, v 52(7), pp 1574-1586
- Publisher
- Taylor & Francis
- Number of pages
- 13
- Resource Type
- Journal article
- Language
- English
- Academic Unit
- Economics (School of Economics)
- Web of Science ID
- WOS:000380065300006
- Scopus ID
- 2-s2.0-84983070892
- Other Identifier
- 991019330802504721
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- Collaboration types
- Domestic collaboration
- International collaboration
- Web of Science research areas
- Business
- Economics
- International Relations