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Financial Sector Reforms in Indonesia and South Korea in 1980s and Early 1990s

Alexandr Akimov and Brian Dollery ()

Journal of Emerging Market Finance, 2010, vol. 9, issue 1, 25-49

Abstract: This article examines financial liberalisation in Indonesia and South Korea during the 1980s and the early 1990s. It provides a brief discussion of the pre-reform political and economic environment in the two countries, followed by a description of the state of the pre-reform financial sectors in both the countries. The article then focuses on the respective financial development policies and their pace, sequencing and outcomes in the two nations. The socio-economic impact of financial sector reforms is also carefully considered. The article concludes by summarising its main findings and drawing out some major policy implications.

Keywords: JEL Classification: G28; JEL Classification: O16; JEL Classification: P52; Financial liberalisation; Indonesia; Korea; financial development; financial reforms (search for similar items in EconPapers)
Date: 2010
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Handle: RePEc:sae:emffin:v:9:y:2010:i:1:p:25-49