1.

Record Nr.

UNINA9910464893703321

Titolo

How finance is shaping the economies of China, Japan, and Korea / / edited by Yung Chul Park and Hugh Patrick

Pubbl/distr/stampa

New York : , : Columbia University Press, , 2013

ISBN

0-231-53646-1

Descrizione fisica

1 online resource (379 p.)

Collana

Columbia Business School Publishing

Altri autori (Persone)

ParkYoung C. <1938->

PatrickHugh

Disciplina

332.0951

Soggetti

Finance - China

Finance - Japan

Electronic books.

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

Front matter -- Contents -- Preface -- Acknowledgments -- 1. An Introductory Overview / Patrick, Hugh -- 2. Financial Reform in China / Huang, Yiping / Wang, Xun / Wang, Bijun / Lin, Nian -- 3. Japan / Lincoln, Edward J. -- 4. Financial Development and Liberalization in Korea: 1980-2011 / Park, Yung Chul -- 5. Banking, Capital Flows, and Financial Cycles / Seok, Young-Hwa / Shin, Hyun Song -- Index

Sommario/riassunto

This volume connects the evolving modern financial systems of China, Japan, and Korea to the development and growth of their economies through the first decade of the twenty-first century. It also identifies the commonalities among all three systems while accounting for their social, political, and institutional differences. Essays consider the reforms of the Chinese economy since 1978, the underwhelming performance of the Japanese economy since about 1990, and the growth of the Korean economy over the past three decades. These economies engaged in rapid catch-up growth processes and share similar economic structures. Yet while domestic forces have driven each country's financial trajectory, international short-term financial flows have presented opportunities and challenges for them all. The nature and role of the financial system in generating real economic growth, though nuanced and complex, is integral to these countries. The result



is a fascinating spectrum of experiences with powerful takeaways.