Logo image
The Impact of Foreign Banks on Monetary Policy Transmission During The Global Financial Crisis of 2007-9: Evidence from Korea
Other   Open access

The Impact of Foreign Banks on Monetary Policy Transmission During The Global Financial Crisis of 2007-9: Evidence from Korea

Bang Nam Jeon
SSRN Electronic Journal
2017
url
http://papers.bok.or.kr/RePEc_attach/wpaper/english/wp-2014-8.pdfView

Abstract

This paper 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 by banks with different types of ownership. Using the bank-level panel data of the banking system in Korea, we present consistent evidence on the buffering and hampering impact of foreign banks, especially foreign bank branches, on the effectiveness of the monetary policy transmission mechanism in Korea from the bank-lending channel perspective during the period of the global financial crisis of 2008-9

Metrics

17 Record Views

Details

Logo image