Korean Abstract: 본 논문은 금융산업지수(KOSPI 금융업 지수와 KRX Banks 지수)와 개별 금융기관(6개 시중은행과 4개 지방은행)의 주가 수익률의 조건부 분산을 GARCH-ARJI 모형을 … industry. We analyzed two stock index (KOSPI financial industry index and KRX Banks index) and 10 individual bank's return …

English Abstract: Creditor bail-in is a new resolution regime under which failed banks are resolved at the costs of … creditors rather than taxpayers, which essentially implies that banks cannot rely on government guarantees anymore. G20 and … problems of bailouts such as banks' moral hazard, fiscal instability, and economic injustice. However, there is an opposing …

of liquidity shocks. We analyze this relation by using quarterly loan panel data of all commercial banks in Korea, as … well as their borrowing firms. We find that when liquidity shocks are severe, banks generally reduce their lending, but … banks with a high core funding ratio tend rather to increase their lending to firms during periods of market-wide liquidity …