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The politics of financial control and reform in Korea
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Choi, ByungSun | - |
dc.date.accessioned | 2010-11-22T22:17:54Z | - |
dc.date.available | 2010-11-22T22:17:54Z | - |
dc.date.issued | 1991 | - |
dc.identifier.citation | Korean Journal of Policy Studies, Vol.6, pp. 41-73 | - |
dc.identifier.issn | 1225-5017 | - |
dc.identifier.uri | https://hdl.handle.net/10371/70279 | - |
dc.description.abstract | Government control over finance has been a persistent feature of the politco-economic
structure of Korea. This paper first seeks to explain the process in which the government's control over finance had intensified by the late 1970s. with a focus on particular episodes such as the dramatic interest rate reform in 1965, Emergency Decree in August 1972, and several recurring "restructuring (in effect, bail-outs)" attempts, and in relation to the changing industrialization strategy and the consuequent relationship between the government and chaebol. And then it will review critically the financial liberalization policies in the 1980s: the privatization of commercialbanks, the conflict between the banks and the non-bankfinancial intermediaries (NBFI's) in the process of the restructuring the financial industry, and the freeing of interest rate and to "policy funds." The central argument of this paper is that a considerable progress of financial liberalization notwithstanding, the financial system of Korea still serves as the fulcrum of Korean industrial policy and as a fundamental tool with which Korean policymakers can induce business cooperation and compliance. | - |
dc.language.iso | en | - |
dc.publisher | Graduate School of Public Administration, Seoul National University | - |
dc.title | The politics of financial control and reform in Korea | - |
dc.type | SNU Journal | - |
dc.contributor.AlternativeAuthor | 최병선 | - |
dc.citation.journaltitle | Korean Journal of Policy Studies | - |
dc.citation.endpage | 73 | - |
dc.citation.pages | 41-73 | - |
dc.citation.startpage | 41 | - |
dc.citation.volume | 6 | - |
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