Soon after Korea agreed to an IMF-supported program, Seoul Bank and Korea First Bank were nationalized through an … foreign investors. Korea First Bank was sold to foreign investors at the end of 1999. Seoul Bank, however, remained a … government-owned bank, managed by a team of professionals recruited from outside of the traditional banking sector. This paper …

discipline: a weak bank may not necessarily be able to stop a deposit drain by raising its uninsured deposit interest rates …

Bank borrowers'' currency mismatches often result from unhedged foreign currency borrowing in economies where there is …

We measure bank vulnerability in emerging markets using the distance-to-default, a risk-neutral indicator based on … 38 banks in 14 emerging market countries. Results show it can predict a bank''s credit deterioration up to nine months in … advance. The distance-to-default, hence, may prove useful for bank monitoring purposes …

loans, taking regulatory requirements into account. By easing its acceptance criteria a bank faces a trade-off between … banks to set stricter acceptance criteria, and that increased competition in the banking industry leads to riskier bank … behavior. In an extension of our basic model, we show that it may be beneficial for a bank to hold more equity than prescribed …