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The following article was published in our article directory on February 21, 2011.
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Corea Subprime Crisis Take The Impact Of the Global Economic

Article Category: Business

Author Name: Amanda xzh

In lati (spittle flying, South Korea ague recovery suddenly to banking crises, let the world's economic prospects to become not clear.

On February 19, also is the G20 summit in Paris, a day after the south Korean government ordered four savings bank (statewide savings bank, second busan savings bank and central busan savings Banks, and Bohae bank) suspend operation 6 months, plus February 17 has suspended shipments of busan savings bank and its branch field joint savings bank, the south Korean government suddenly called for six Banks normal business.

But even more serious, problem and the bank than this 6 companies. Data shows, there is at least 5 Banks may have been stopped at any time.

Runs tide spread

This news, people in South Korea have few days he took away Korean 19 big savings bank's 1456 billion won money, although more than a month ago run go 2744 billion won, but short-term many Banks in trouble, people fear obvious high.

Although the Korean official has insisted that the measures are closing bank for further guaranteeing its financial stability, because these bank currently total liabilities than total assets, liquidity seriously insufficient. Some people complained, the south Korean government of this approach is "ostrich policy", will only aggravate runs tide, can make even public confidence in the government frustration. Stop news asset scale biggest busan savings bank's other branch yad all appear a 35-minute line of withdrawals tide, causing bank cash in demand.

Have expert analysis, South Korea's economy is suffering from "hot disease", on the one hand, Banks make "cash shortage", on the other hand, inflationary pressures central bank movements frequently. A cold one hot alternate conditions, the government adopted a "ostrich policy" deal with, also be helpless.

But alarmed that, since last year to, some areas arise bank run tide phenomenon. For example, last September, Afghanistan's largest bank faced runs tide, just a few hours closed more than ten branches, the worker's wages can't issue, the government only enforce civilians brush calorie of consumption. In January, Argentina because inflation up to 25% appear runs, and finally to Brazil for help tide emergency printing big denomination notes.

The subprime crisis counterpart?

South Korea liquidity lack is simply American "subprime crisis" clone. Last month, South Korea financial services committee (FSC) closed involve too much home loans Samhwa reciprocity savings bank, allow the other Banks suffered affected, run gradually warming, eventually originated in Thursday FSC again with liquidity shortage, citing suspended busan savings bank and subordinate Daejeon Mutual savings bank closure half a year, with a determent systemic risk and ensure the stability of financial market.

At present, the Korean regulators have to closure savings bank to launch an investigation, but investors worry is that once the people of distrust of intensified after to other Banks will doubt and led to a nationwide runs tide. In addition to worry bank "cash shortage" besides, more people on banking debt burden is also concerned. South Korea's yonhap news agency, by the end of the decade, field joint savings bank's negative assets and debts already exceeded the bank self-owned assets 32.3 billion won ($$29m). Bank in the dual crisis, FSC said, let business bank launches "save", if self-rescue fails, they will be to South Korea savings insurance company for the management, and eventually sold to a third party.

Disinflationary interference

Inflationary pressure big, public pocket will take the lead appear "cash shortage", which led to the lack of bank cash.

In South Korea liquidity deficient phenomenon, many economists began to doubt whether too fast, the interest rate hikes pace from last year because of the year to January, South Korea has raised interest rates three times, and last on January 12, 2008, South Korea announced it had raised interest rates by 25 basis points to 2.75%, borrowing costs greatly increased. Another according to several research institutions data show that by the emerging economies' interest rate hikes factors, international investors "retreat" phenomenon is obvious, South Korea banking the liquidity problems, apart from their supervision by foreign capital, loose problems from the influence of the "" retreat bigger also.

South Korea inflation since last "kimchi crisis", after stubbornly high. Recently, with energy, in the prices of food and material, South Korea January CPI formerly January 3.5%, inflation rose to 4.12% prescribed by the central bank has been well above 4% mark. Analytic personage, says global inflation high root lies in us-european, as the fed with the ECB not tightening measures, global inflation and liquidity problems will not cure.

About the Author: My name is Amanda xzh,autokeytransponder.cn provides4d Electric Key Shell, Car Key Shell, and many more. Know more , please visit Auto Transponder key .

Keywords: 4d Electric Key Shell, Car Key Shell

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