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Financial linkages across Korean banks

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  • Financial linkages across Korean banks
  • Aydin, Burcu; Kim, Myeong-Suk; Moon, Ho-Seong
  • International Monetary Fund


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Title Financial linkages across Korean banks
Similar Titles
Material Type Reports
Author(English)

Aydin, Burcu; Kim, Myeong-Suk; Moon, Ho-Seong

Publisher

Washington DC:International Monetary Fund

Date 2011-08
Series Title; No IMF Working Paper / 11/201
Pages 31
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Financial Policy
Holding International Monetary Fund

Abstract

This paper assesses the interconnectedness across Korean banks using three alternative methodologies. Two methodologies utilize high frequency financial data while the third uses bank balance sheet data to assess banks’ bilateral exposures, systemically vulnerable banks, and systemically risky banks. The analysis concludes that while Korean banks are interconnected, both the financial risk and contagion risk from such interconnectedness have declined significantly in the aftermath of the global financial crisis.