The Financial Development Of Japan Korea And Taiwan
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The Financial Development of Japan, Korea, and Taiwan
Author | : Hugh T. Patrick |
Publisher | : Oxford University Press, USA |
Total Pages | : 401 |
Release | : 1994 |
Genre | : Banks and banking |
ISBN | : 0195087666 |
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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 of new financial institutions was restricted, financial markets were segmented, and domestic finance was insulated from world financial markets. The second phase has seen a steady, if sometimes slow, removal of these restrictions.
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