Financial Liberalization and Economic Development in Korea, 1980–2020
Park, Yung Chul, Kim, Joon Kyung, Park, Hail
Omschrijving
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.
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