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The Financial Development of Japan, Korea, and Taiwan : Growth, Repression, and Liberalization - Hugh Patrick

The Financial Development of Japan, Korea, and Taiwan

Growth, Repression, and Liberalization

By: Hugh Patrick (Editor), Yung Chul Park (Editor)

Hardcover

Published: 6th October 1994
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This path-breaking comparative study of Japan, Korea and Taiwan analyzes the evolution of the financial systems of each country in relation to their last four decades of dynamic economic growth. Each country study is addressed in two chapters, the first covering macroeconomic aspects of the financial system, and the second chapter focusing on commercial banking.
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. This liberalization has meant regulation now focuses on prudential measures for system safety, while financial resources are increasingly allocated through the marketplace.
This definitive evaluation of the financial development of Japan, Korea and Taiwan provides significant insights for economists and policymakers. In addition, it offers many lessons for less-developed markets and transforming socialist economies throughout the world.

Contributors
Concepts and Issuesp. 3
Japan: Development and Structural Change of the Financial Systemp. 27
Japan: Development and Structural Change of the Banking Systemp. 81
Korea: Development and Structural Change of the Financial Systemp. 129
Korea: Development and Structural Change of the Banking Systemp. 188
Taiwan: Development and Structural Change of the Financial Systemp. 222
Taiwan: Development and Structural Change of the Banking Systemp. 288
Comparisons, Contrasts and Implicationsp. 325
Indexp. 373
Table of Contents provided by Blackwell. All Rights Reserved.

ISBN: 9780195087666
ISBN-10: 0195087666
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 396
Published: 6th October 1994
Publisher: Oxford University Press Inc
Country of Publication: US
Dimensions (cm): 24.2 x 16.4  x 3.1
Weight (kg): 0.57