Borensztein, Eduardo; Lee, Jong-Wha - In: Journal of Economic Policy Reform 8 (2005) 1, pp. 55-68
This study analyzes some of the structural problems associated with the Korean financial sector, and investigates the efficiency of credit allocation by the financial system over the period from 1970 to 1996. Using data at the level of 32 industrial branches, we find no evidence that credit...