Coverart for item
The Resource Corporate leverage, bankruptcy, and output adjustment in post-crisis East Asia, prepared by Se-Jik Kim and Mark R. Stone

Corporate leverage, bankruptcy, and output adjustment in post-crisis East Asia, prepared by Se-Jik Kim and Mark R. Stone

Label
Corporate leverage, bankruptcy, and output adjustment in post-crisis East Asia
Title
Corporate leverage, bankruptcy, and output adjustment in post-crisis East Asia
Statement of responsibility
prepared by Se-Jik Kim and Mark R. Stone
Creator
Contributor
Author
Subject
Genre
Language
eng
Summary
Annotation
Member of
Action
digitized
Cataloging source
OCLCE
http://bibfra.me/vocab/lite/collectionName
IMF eLibrary
http://library.link/vocab/creatorDate
1960-
http://library.link/vocab/creatorName
Kim, Se-Jik
Government publication
international or intergovernmental publication
Illustrations
illustrations
Index
no index present
LC call number
HG3881.5.I58
LC item number
W67 no.99/143 ONLINE
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
http://library.link/vocab/relatedWorkOrContributorName
  • Stone, Mark R.
  • International Monetary Fund
  • International Monetary Fund
Series statement
IMF Working Paper,
Series volume
WP/99/143
http://library.link/vocab/subjectName
  • Financial crises
  • Bankruptcy
  • Business failures
  • Industrial equipment
  • Debt financing (Corporations)
  • Capital
  • Deflation (Finance)
  • Crises financières
  • Faillite
  • Entreprises en difficulté
  • Entreprises
  • Financement par emprunt
  • Capital
  • Déflation
  • Bankruptcy
  • Capital
  • Deflation (Finance)
  • Financial crises
  • Industrial equipment
  • East Asia
Summary expansion
Different levels of corporate leverage are used in this paper to help explain the wide range of post-crisis output adjustment across East Asia. In the model developed here, highly leveraged firms facing a cutoff of capital inflows are threatened by bankruptcy. These firms respond by eliminating investment and selling their capital goods-at a discount-to try to stay afloat. Lower investment and wasteful capital sales shrink the aggregate capital stock, trigger deflationary pressures, and contract overall output. the available data are broadly consistent with the assumptions and predictions of the model
Label
Corporate leverage, bankruptcy, and output adjustment in post-crisis East Asia, prepared by Se-Jik Kim and Mark R. Stone
Instantiates
Publication
Copyright
Antecedent source
file reproduced from original
Bibliography note
Includes bibliographical references (pages 27-29)
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
black and white
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
647035993
Dimensions
unknown
Extent
1 online resource (29 pages)
Form of item
online
Isbn
9781451901504
Level of compression
  • lossless
  • lossy
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.5089/9781451901504.001
Other physical details
illustrations
Reformatting quality
  • preservation
  • access
Reproduction note
Electronic reproduction.
Specific material designation
remote
System control number
(OCoLC)647035993
System details
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
Label
Corporate leverage, bankruptcy, and output adjustment in post-crisis East Asia, prepared by Se-Jik Kim and Mark R. Stone
Publication
Copyright
Antecedent source
file reproduced from original
Bibliography note
Includes bibliographical references (pages 27-29)
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
black and white
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
647035993
Dimensions
unknown
Extent
1 online resource (29 pages)
Form of item
online
Isbn
9781451901504
Level of compression
  • lossless
  • lossy
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.5089/9781451901504.001
Other physical details
illustrations
Reformatting quality
  • preservation
  • access
Reproduction note
Electronic reproduction.
Specific material designation
remote
System control number
(OCoLC)647035993
System details
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.

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