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OverviewThis path-breaking comparative study of the economies 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. The evaluation of the financial development of Japan, Korea and Taiwan provides significant insights for economists and policymakers. In particular, there are many lessons for less developed markets and transforming socialist economics. Full Product DetailsAuthor: Hugh T. Patrick (Caulkins Professor of International Business, Caulkins Professor of International Business, Columbia University) , Yung Chul Park (President, Korea Institute of International Finance, President, Korea Institute of International Finance)Publisher: Oxford University Press Inc Imprint: Oxford University Press Inc Dimensions: Width: 16.20cm , Height: 3.40cm , Length: 24.10cm Weight: 0.684kg ISBN: 9780195087666ISBN 10: 0195087666 Pages: 400 Publication Date: 08 December 1994 Audience: Professional and scholarly , Professional & Vocational Format: Hardback Publisher's Status: Active Availability: To order Stock availability from the supplier is unknown. We will order it for you and ship this item to you once it is received by us. Table of ContentsReviewsAuthor InformationTab Content 6Author Website:Countries AvailableAll regions |