Research Catalog

Title

The Financial development of Japan, Korea, and Taiwan : growth, repression, and liberalization / edited by Hugh T. Patrick and Yung Chul Park.

Publication

New York : Oxford University Press, 1994.

Items in the Library & Off-site

Holdings

Details

Additional Authors

• Patrick, Hugh T.
• Park, Young C., 1938-

Description

xii, 384 pages : illustrations, charts; 25 cm

Summary

• 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.

Subject

• Finance > Japan
• Finance > Korea (South)
• Finance > Taiwan
• Banks and banking > Japan
• Banks and banking > Korea (South)
• Banks and banking > Taiwan

Bibliography (note)

• Includes bibliographical references and index.

Contents

1. Concepts and Issues / Yung Chul Park -- 2. Japan: Development and Structural Change of the Financial System / Juro Teranishi -- 3. Japan: Development and Structural Change of the Banking System / Hiroshi Kitagawa and Yoshitaka Kurosawa -- 4. Korea: Development and Structural Change of the Financial System / Yung Chul Park -- 5. Korea: Development and Structural Change of the Banking System / Yung Chul Park and Dong Won Kim -- 6. Taiwan: Development and Structural Change of the Financial System / Jia-Dong Shea -- 7. Taiwan: Development and Structural Change of the Banking System / Ya-Hwei Yang -- 8. Comparisons, Contrasts and Implications / Hugh T. Patrick.

ISBN

0195087666 (acid-free paper)

LCCN

93031448

OCLC

• 28708309
• ocm28708309

Owning Institutions

Columbia University Libraries