HARVARD EAST ASIAN MONOGRAPHS
Cover: Financial Development in Korea, 1945–1978, from Harvard University PressCover: Financial Development in Korea, 1945–1978 in HARDCOVER

Harvard East Asian Monographs 106

Financial Development in Korea, 1945–1978

Add to Cart

Product Details

HARDCOVER

$31.50 • £25.95 • €28.50

ISBN 9780674301474

Publication Date: 05/03/1983

Short

This ninth title in the series Studies in the Modernization of the Republic of Korea offers new insights into the role of finance in a rapidly developing country. Combining history and theory, it provides a rigorous test of previous theoretical propositions. The study illustrates the complexity of the Korean financial system and the danger of easy generalization from partial evidence.

The two major components of the financial system are brought into focus—one regulated and statistically recorded, the other unregulated, unrecorded. The burden of financial intermediation shifts from one to the other largely in response to government policy measures. By looking only at the regulated sector, previous studies have often misperceived the role of the financial system and the effects of government policies. The financial scandal in Seoul in May 1982 vividly demonstrated that the unregulated part of the system is still important and that overregulation of the “modern” part generates strong pressures for perpetuating the illegal, unregulated, “traditional” financial institutions.

From Our Blog

Jacket: Awakening: How Gays and Lesbians Brought Marriage Equality to America, by Nathaniel Frank, from Harvard University Press

Celebrating Pride Month

To celebrate Pride Month, we are highlighting excerpts from books that explore the lives and experiences of the LGBT+ community. Nathaniel Frank’s Awakening: How Gays and Lesbians Brought Marriage Equality to America tells the dramatic story of the struggle for same-sex couples to legally marry, something that is now taken for granted. Below, he describes the beginnings of the gay rights movement. For homophiles of the 1950s, identifying as gay was almost always a risky and radical act