 | Managing Confidence in Emerging Market Bank Runs Author/Editor: Ashoka Mody, Se-Jik Kim. Release Date:December, 2004 In a rational-expectations framework, we model depositors' confidence as a function of the probability of future bank bailouts. We analyze the effect of alternative bank bailout policies on more...
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 | Timing of International Bailouts Author/Editor: Se-Jik Kim. Release Date:January, 2004 This paper proposes that international rescue financing should not be provided to a country where a crisis first occurs, but rather to any country that suffers a subsequent crisis. Such a more...
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 | Macro Effects of Corporate Restructuring in Japan Author/Editor: Se-Jik Kim. Release Date:October, 2003 This paper presents a framework for quantitatively evaluating the macroeconomic effects of corporate restructuring and applies it to Japan. Using firm-level financial statement data, it estimates more...
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 | Credit Markets with Differences in Abilities : Education, Distribution, and Growth Author/Editor: Jose De Gregorio, Se-Jik Kim. Release Date:April, 1994 This paper addresses the growth, welfare, and distributional effects of credit markets. We construct a general equilibrium model where human capital is the engine of growth and individuals differ in more...
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