Korea was hit hard by the 2008 global financial crisis, with the foreign bank deleveraging channel coming prominently … through the bank lending channel to a slowdown in credit growth. The analysis finds that a sharp decline in external funding …

their foreign affiliates. Using monthly data on individual foreign bank branches in Korea from 2004 to 2018, this paper …

Korea was hit hard by the 2008 global financial crisis, with the foreign bank deleveraging channel coming prominently … through the bank lending channel to a slowdown in credit growth. The analysis finds that a sharp decline in external funding …