• Login
    View Item 
    •   Shocker Open Access Repository Home
    • Business
    • Economics
    • ECO Faculty Scholarship
    • William Miles
    • Refereed Publications
    • View Item
    •   Shocker Open Access Repository Home
    • Business
    • Economics
    • ECO Faculty Scholarship
    • William Miles
    • Refereed Publications
    • View Item
    JavaScript is disabled for your browser. Some features of this site may not work without it.

    The Role of non-bank financial intermediaries in propagating Korea's financial crisis

    Date
    2003-03
    Author
    Miles, William
    Metadata
    Show full item record
    Citation
    William Miles. 2003. The Role of non-bank financial intermediaries in propagating Korea's financial crisis. Review of Pacific Basin Financial Markets and Policies 2003 06:01, 45-64
    Abstract
    The Korean crisis has been analyzed for the causal role banks played through the "credit view". Non-bank lenders have grown more important than banks in providing loans, but their role in creating financial instability has been ignored. This paper fills this gap, and demonstrates that non-banks were an important source of dislocation. Moreover, these results offer a counter-argument to proposals for "narrow banking". Narrow banking would separate deposit taking and lending into two enterprises, hopefully reducing vulnerability to panics. The poor performance of non-bank lenders even relative to banks in the Korean episode casts doubt on this model.
    Description
    Click on the DOI link to access the article (may not be free).
    URI
    http://dx.doi.org/10.1142/S0219091503001006
    http://hdl.handle.net/10057/13174
    Collections
    • Refereed Publications

    Browse

    All of Shocker Open Access RepositoryCommunities & CollectionsBy Issue DateAuthorsTitlesSubjectsBy TypeThis CollectionBy Issue DateAuthorsTitlesSubjectsBy Type

    My Account

    LoginRegister

    Statistics

    Most Popular ItemsStatistics by CountryMost Popular Authors

    DSpace software copyright © 2002-2022  DuraSpace
    DSpace Express is a service operated by 
    Atmire NV