The Financial Development of Japan, Korea, and Taiwan

Released on by Hugh T. Patrick
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  • The Financial Development of Japan, Korea, and Taiwan Book Detail

  • Author : Hugh T. Patrick
  • Release Date : 1994
  • Publisher : Oxford University Press, USA
  • Genre : Banks and banking
  • Pages : 401
  • ISBN 13 : 0195087666
  • File Size : 23,23 MB
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The Financial Development of Japan, Korea, and Taiwan by Hugh T. Patrick PDF Summary

Book Description: 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.

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