Korean Abstract: 본 연구는 한국 기업의 금융구조를 살펴보고, 금융제약이 수출에 어떤 영향을 미치는지를 분석하였다. 한국 기업의 간접금융에 대한 의존성은 주거래은행의 금융충격이 해당은행을 주거래은행으로 하는 기업의...

There is a series of empirical papers (Kim and Lee 2004; Egger and Url, 2006; Moser, Nestmann, and Wedow, 2008; Baltensperger and Herger, 2009; Auboin and Engemann, 2014; Van der Veer. 2015) which show that trade finance is positively associated with export. Despite its positive impact on export, trade finance has...

This paper looks at the vulnerabilities stemming from banking sector linkages between countries and their macroeconomic effects. It finds that credit risks (from a banking system’s claims on other countries) and funding risks (from a banking system’s liabilities to another) have declined...