theories are identified in the literature. Credit creation theory maintains that each individual bank is capable of creating … 어떤 이론적 시각을 택하는지 여부에 따라 이론적 모형 설정에 대한 시사점을 넘어서 통화정책과 거시건전성 정책에 대해 중요한 함의를 가질 수 있다. 본고는 은행이 독자적인 신용 창출을 할 수 있다는 신용창출(credit …English Abstract: Can a bank create money out of nothing? If so, how and how much a bank create money? While this issue …

-employed borrowers, using individual panel data held by the Bank of Korea and investigates financial sector fragility based on the … based on loan characteristics and credit ratings (individual factors), and to examine how these factors determine the … borrower's credit rating, have bigger impacts on increases in the PDs of self-employed borrowers compared to non …

a bank is a reversed U-shaped function of the insiders ownership (or the largest shareholder ownership). This means that …, as the insiders ownership (the largest shareholder ownership) increases, a bank's risk initially increases and … entire shareholders and they increase the bank's risk to improve the shareholders value. However, when the insiders ownership …

credit information pertaining to multiple-loan borrowers as well as non-bank borrowers holding medium-to-high credit … 대출정보가 시스템적 리스크와 관련이 있는 것으로 나타났다. 본 연구는 개인 신용평가사(Credit Bereau, 이하 CB)가 보유한 개인신용 정보를 이용하여 시스템적 리스크와 가계대출과 관련한 다양한 개인신용 정보와의 …, multiple loan amount and consumer credit ratings ‒ and systemic risk. We find that an increase in household loans is a leading …

Korean Abstract: 신용 관점(credit view)에 의하면 대출 제한과 같은 마찰적 요인이 존재할 경우 경제 활동에 미치는 충격의 효과는 증폭, 지속성, 비선형성의 형태로 나타난다. 특히, 긴축적 …English Abstract: According to the financial accelerator hypothesis, the effect of credit shock on economic activity … involves amplification and persistence depending on the credit state. The purpose of this study is to investigate stability and …

of liquidity ― bank credit, M2, Lf ― estimate implied liquidity and examines the relationship between the implied … liquidity and macroeconomic variables.We find that these liquidity measures, especially bank credit, were greater than the …Korean Abstract: 본 연구에서는 통화량 지표(M2, LF)와 함께 내생적 통화이론에서 중시하는 금융기관의 신용(credit, 예금은행 대출금)까지 포함한 다수의 유동성 지표로부터 실물경기를 반영하는 …