Financial Linkages Across Korean Banks

Author/Editor:

Burcu Aydin ; Ho-Seong Moon ; Myeongsuk Kim

Publication Date:

August 1, 2011

Electronic Access:

Free Full text (PDF file size is 1568 KB).Use the free Adobe Acrobat Reader to view this PDF file

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 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.

Series:

Working Paper No. 11/201

Subject:

English

Publication Date:

August 1, 2011

ISBN/ISSN:

9781462303229/1018-5941

Stock No:

WPIEA2011201

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

31

Please address any questions about this title to publications@imf.org