Financial Liberalization and Economic Development in Korea, 1980-2020

Koreäs 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.

About the author

Yung Chul Park is Distinguished Professor in the Division of International Studies at Korea University.Joon Kyung Kim is President of and Professor at Korea Development Institute School of Public Policy and Management.Hail Park is Professor in the Department of International Commerce, Finance, and Investment at Kyung Hee University.

Summary

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.

Product details

• Authors: Joon Kyung Kim, Hail Park, Yung Chul Park, Yung Chul Kim Park, Park Hail, Park Yung Chul
• Publisher: Harvard University Press
• Languages: English
• Product format: Hardback
• Released: 30.04.2021
• EAN: 9780674251281
• ISBN: 978-0-674-25128-1
• No. of pages: 336
• Series: Harvard East Asian Monographs; Harvard East Asian Monographs (HUP)
• Subjects: Social sciences, law, business > Business > Economics; Korea, Finance, BUSINESS & ECONOMICS / Economic History, BUSINESS & ECONOMICS / Finance / General, HISTORY / Asia / Korea, Economic history, Economic systems and structures, Economic systems & structures, C 1980 To C 1990, c 1980 to c 1989, Finance and the finance industry