
Risks to Korean banking sector have declined: IMF paper

Financial risk and contagion risk has declined in the Korean banking sector since the financial crisis, according to an International Monetary Fund paper published on Thursday.
Burcu Aydin, the paper's author, assesses the interconnectedness across Korean banks using three alternative methodologies. Two of the methodologies used high-frequency financial data while the third used bank balance sheet data to assess banks' bilateral exposures, systemically vulnerable banks and systemically risky
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