Coverart for item
The Resource The Korean Crisis : What Did We Know and When Did We Know It? What Stress Tests of the Corporate Sector Reveal, Meral Karasulu

The Korean Crisis : What Did We Know and When Did We Know It? What Stress Tests of the Corporate Sector Reveal, Meral Karasulu

Label
The Korean Crisis : What Did We Know and When Did We Know It? What Stress Tests of the Corporate Sector Reveal
Title
The Korean Crisis
Title remainder
What Did We Know and When Did We Know It? What Stress Tests of the Corporate Sector Reveal
Statement of responsibility
Meral Karasulu
Creator
Contributor
Author
Subject
Genre
Language
eng
Summary
The objective of this paper is to provide a retrospective assessment of our ability to have predicted the impact of the 1997 crisis on the Korean corporate sector. We perform some simple stress tests on the aggregate balance sheets and income statements of the corporate sector to determine what could have been foreseen before the onset of the crisis. Our results show that data available in mid-1997 clearly showed that the corporate sector was very sensitive to various shocks, particularly interest rate shocks. Had stress tests been performed at the time, they would have revealed that the corporate sector was highly vulnerable to adverse economic developments. Our findings suggest that close surveillance of corporate sector balance sheets can play a useful role in understanding potential financial vulnerabilities
Member of
Cataloging source
DcWaIMF
http://bibfra.me/vocab/lite/collectionName
IMF eLibrary
http://library.link/vocab/creatorName
Karasulu, Meral
Government publication
international or intergovernmental publication
LC call number
K4452.I57
LC item number
K373 2006 ONLINE
Literary form
non fiction
Nature of contents
dictionaries
http://library.link/vocab/relatedWorkOrContributorName
  • Jones, Matthew T
  • Karasulu, Meral
Series statement
IMF Working Paper
Series volume
WP/06/114
http://library.link/vocab/subjectName
  • Bond Yield
  • Bond
  • Corporate Finance and Governance: General
  • Ebitda
  • Financial Markets and the Macroeconomy
  • Financial Sector
  • Korea
  • Korea, Republic of
Label
The Korean Crisis : What Did We Know and When Did We Know It? What Stress Tests of the Corporate Sector Reveal, Meral Karasulu
Instantiates
Publication
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
imfWPIEA2006114
Dimensions
unknown
Extent
1 online resource (21 pages)
Form of item
online
Isbn
9781451863741
Issn
1018-5941
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.5089/9781451863741.001
Specific material designation
remote
System control number
(IMF)WPIEA2006114
Label
The Korean Crisis : What Did We Know and When Did We Know It? What Stress Tests of the Corporate Sector Reveal, Meral Karasulu
Publication
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
imfWPIEA2006114
Dimensions
unknown
Extent
1 online resource (21 pages)
Form of item
online
Isbn
9781451863741
Issn
1018-5941
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.5089/9781451863741.001
Specific material designation
remote
System control number
(IMF)WPIEA2006114

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