Financial Liberalization and Economic Development in Korea, 1980-2020

by Joon Kyung Kim, Yung Chul Park, Hail Park

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 in building a market-oriented financial system through sweeping reforms for deregulation and the opening of financial markets. However, the new system failed to steer the country away from a credit card boom and bust in 2003, a liquidity crisis in 2008, and a run on its savings banks in 2011,...

• Format: Hardcover
• Language: English
• ISBN: 0674251288
• ISBN13: 9780674251281
• Release Date: March 2021
• Publisher: Harvard University Press
• Length: 336 Pages