Financial Restraints in the South Korean Miracle

Preprint OPEN
Panicos O Demetriades; Kul B Luintel;
  • Subject: Financial deepening; financial restraints
    • jel: jel:O16 | jel:G18 | jel:G28

We provide novel empirical evidence on the effects of financial restraints on South Korean financial development. The evidence is linked to a simple model of the Korean banking system that encapsulates its cartelised nature, which predicts a positive association between... View more
  • References (36)
    36 references, page 1 of 4

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