La crise des banques coréennes après la crise

Gary Dymski

Revue Tiers-Monde, 2006, vol. n° 186, issue 2, 353-376

Abstract: This paper develops the argument that a foreign-bank-led wave of bank mergers and acquisitions will not yield universally higher welfare levels. Korea?s banking crisis is not the result of the inefficiency or rent-seeking of its intermediaries, but of a regional structural financial crisis in East Asia after 1990. Most bank mergers and other structural changes in banking in Korea in recent years have resulted in large and risky public-sector debts, with gains taken primarily by overseas private-equity funds. Further, the impact of these structural shifts on lower-income households and small businesses may take Korea further toward a future of economic inequality and social bifurcation.

Date: 2006
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Journal Article: La crise des banques coréennes après la crise (2006)
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