KDI JEP Who Benefits from Government Guarantees: Evidence from Saitdol Loans ,
-
Meeroo Kim
프로필
This study investigates whether Saitdol loans, a type of governmentguaranteed loan, were allocated to groups that would otherwise be unable to access the loan market without such a guarantee. To assess this, both non-parametric and parametric estimation methods, as proposed by Hendren (2013), were employed to examine the severity of information asymmetry between Saitdol loan borrowers and financial institutions, a potential cause of a market failure. The analysis results indicate that the information asymmetry between borrowers holding Saitdol loans and financial institutions was not severe enough to cause a market failure. This suggests that a significant number of Saitdol loans were allocated to borrowers who could have obtained loans from the private sector without government guarantees.
- Contents
-
Ⅰ. Introduction
Ⅱ. Literature Review
Ⅲ. Mid-Rate Loan Market in Korea
Ⅳ. Methodology and Data
Ⅴ. Empirical Analysis and Results
Ⅵ. Conclusion
APPENDIX
REFERENCES
We reject unauthorized collection of email addresses posted on our website by using email address collecting programs or other technical devices. To access the email address, please type in the characters exactly as they appear in the box below.
Please enter the security code to prevent unauthorized information collection.