Financial Liberalization and Economic Development in Korea, 1980-2020

Financial Liberalization and Economic Development in Korea, 1980-2020
Author: Yung Chul Park
Publisher: Harvard University Press
Total Pages: 375
Release: 2021-03-30
Genre:
ISBN: 9780674251281


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Korea's financial development has been a tale of liberalization and opening but the new system has failed to steer the country away from financial crises. This study analyzes the changes in the financial system and finds that financial liberalization has contributed little to grow and stabilize the Korean economy.


Financial Liberalization and Economic Development in Korea, 1980-2020
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Pages: 336
Authors:
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Type: BOOK - Published: 2022-03-07 - Publisher: BRILL

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Since the early 1980s, Korea’s financial development has been a tale of liberalization and opening. After the 1997 financial crisis, great strides were made i
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The purpose of this book is to provide a systematic and policy-focused analysis of Korea's development performance from a historical perspective. The book begin
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The analysis shows how financial development has occurred in two distinct phases. Initially, interest rates were regulated to remain below market levels, entry