. Using the bank-level panel data of the banking system in Korea, we present consistent evidence on the buffering impact of … foreign banks, especially foreign bank branches including American bank branches, on the effectiveness of the monetary policy … transmission mechanism in Korea from the bank-lending channel perspective during the period of the global financial crisis of 2008 …

foreign ownership in its banking sector. Using the bank-level panel data of the banking system in Korea, we present consistent … Korea from the bank-lending channel perspective during the global financial crisis of 2008-2009. Our further analyses show … that this buffering effect is mostly driven by foreign bank branches whose parent banks are located in the U.S. One of the …

bank equity returns are found to be sensitive to both anticipated and unanticipated changes in interest rates in the first … period when banks were largely under government control. However, during our last period of liberalization, Korean bank … the ability to manage other interest rate risks successfully, in this last liberalization period, Korean bank equity …

banking sector, and trigger a capital crunch, especially in the most vulnerable sectors of the economy. Concentrated bank …

tend to exaggerate the credit cycles of collateral-based bank lending to the non-tradable sector, an emerging economy …

We quantify the Monetary Policy Board (MPB) minutes of the Bank of Korea (BOK) using text mining. We propose a novel … central bank communications. We find that our lexicon-based indicators help explain the current and future BOK monetary policy …

in terms of the robustness. The bank debenture rate is shown to be most vulnerable to such a shock. Negative output and …