La crise des banques coréennes après la crise

Gary Dymski and Anne Saint Girons

Revue Tiers Monde, 2006, vol. 47, issue 186, 353-376

Abstract: [eng] Gary A. Dymski - Korea's Post-Crisis Banking Crisis.. 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
Note: DOI:10.3406/tiers.2006.5634
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Persistent link: https://EconPapers.repec.org/RePEc:prs:rtiers:tiers_1293-8882_2006_num_47_186_5634

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