LEADER 04940oam 22011894 450 001 9910788407203321 005 20230828235803.0 010 $a1-4623-3063-0 010 $a1-4527-8546-5 010 $a1-283-51579-2 010 $a1-4519-0908-X 010 $a9786613828248 035 $a(CKB)3360000000443752 035 $a(EBL)3014369 035 $a(SSID)ssj0000939904 035 $a(PQKBManifestationID)11592406 035 $a(PQKBTitleCode)TC0000939904 035 $a(PQKBWorkID)10945926 035 $a(PQKB)11289523 035 $a(OCoLC)698585600 035 $a(MiAaPQ)EBC3014369 035 $a(IMF)WPIEE2006114 035 $a(EXLCZ)993360000000443752 100 $a20020129d2006 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 14$aThe Korean Crisis : $eWhat Did We Know and When Did We Know It? What Stress Tests of the Corporate Sector Reveal /$fMeral Karasulu, Matthew Jones 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2006. 215 $a1 online resource (21 p.) 225 1 $aIMF Working Papers 300 $a"May 2006." 311 $a1-4518-6374-8 320 $aIncludes bibliographical references. 327 $a""Contents""; ""I. INTRODUCTION""; ""II. THE KOREAN CORPORATE SECTOR BEFORE THE CRISIS""; ""III. STRESS TESTING THE CORPORATE SECTOR""; ""IV. CONCLUSIONS AND LESSONS FOR SURVEILLANCE"" 330 3 $aThe objective of this paper is to provide a retrospective assessment of our ability to have predicted the impact of the 1997 crisis on the Korean corporate sector. We perform some simple stress tests on the aggregate balance sheets and income statements of the corporate sector to determine what could have been foreseen before the onset of the crisis. Our results show that data available in mid-1997 clearly showed that the corporate sector was very sensitive to various shocks, particularly interest rate shocks. Had stress tests been performed at the time, they would have revealed that the corporate sector was highly vulnerable to adverse economic developments. Our findings suggest that close surveillance of corporate sector balance sheets can play a useful role in understanding potential financial vulnerabilities. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2006/114 606 $aIndustries$zKorea 606 $aCorporations$zKorea 606 $aFinancial crises$zKorea$xEconometric models 606 $aAccounting$2imf 606 $aCorporate Finance$2imf 606 $aFinance: General$2imf 606 $aForeign Exchange$2imf 606 $aMacroeconomics$2imf 606 $aCorporate Finance and Governance: General$2imf 606 $aPublic Administration$2imf 606 $aPublic Sector Accounting and Audits$2imf 606 $aFinancial Institutions and Services: Government Policy and Regulation$2imf 606 $aPersonal Income, Wealth, and Their Distributions$2imf 606 $aOwnership & organization of enterprises$2imf 606 $aFinancial reporting, financial statements$2imf 606 $aFinance$2imf 606 $aCurrency$2imf 606 $aForeign exchange$2imf 606 $aCorporate sector$2imf 606 $aFinancial statements$2imf 606 $aStress testing$2imf 606 $aPersonal income$2imf 606 $aExchange rates$2imf 606 $aBusiness enterprises$2imf 606 $aFinance, Public$2imf 606 $aFinancial risk management$2imf 606 $aIncome$2imf 607 $aKorea, Republic of$2imf 615 0$aIndustries 615 0$aCorporations 615 0$aFinancial crises$xEconometric models. 615 7$aAccounting 615 7$aCorporate Finance 615 7$aFinance: General 615 7$aForeign Exchange 615 7$aMacroeconomics 615 7$aCorporate Finance and Governance: General 615 7$aPublic Administration 615 7$aPublic Sector Accounting and Audits 615 7$aFinancial Institutions and Services: Government Policy and Regulation 615 7$aPersonal Income, Wealth, and Their Distributions 615 7$aOwnership & organization of enterprises 615 7$aFinancial reporting, financial statements 615 7$aFinance 615 7$aCurrency 615 7$aForeign exchange 615 7$aCorporate sector 615 7$aFinancial statements 615 7$aStress testing 615 7$aPersonal income 615 7$aExchange rates 615 7$aBusiness enterprises 615 7$aFinance, Public 615 7$aFinancial risk management 615 7$aIncome 700 $aKarasulu$b Meral$01493468 701 $aJones$b Matthew$01483932 712 02$aInternational Monetary Fund.$bMonetary and Financial Systems Dept. 801 0$bDcWaIMF 906 $aBOOK 912 $a9910788407203321 996 $aThe Korean Crisis$93850043 997 $aUNINA