The Role of KAMCO in Resolving Nonperforming Loans in the Republic of Korea

 
Author/Editor: He, Dong
 
Publication Date: September 01, 2004
 
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
 
Summary: This paper aims to provide a balanced assessment of Korea Asset Management Corporation's role in resolving nonperforming loans in the aftermath of the 1997-98 financial crisis. It argues that KAMCO's incentive to dispose of NPLs can be explained by a strong social desire for a recovery of public funds injected for financial sector restructuring. KAMCO's market-making role also helped overcome informational and coordination problems in the development of a market for distressed assets.
 
Series: Working Paper No. 04/172
Subject(s): Asset management | Korea, Republic of | Bank restructuring | Republic of Korea

Author's Keyword(s): Asset Management companies | bank restructuring
 
English
Publication Date: September 01, 2004
ISBN/ISSN: 1934-7073 Format: Paper
Stock No: WPIEA1722004 Pages: 22
Price:
US$15.00 (Academic Rate:
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