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Finance and Economic Development in East Asia

In: A New Financial Market Structure for East Asia

Author

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  • Yung Chul Park
  • Wonho Song
  • Yunjong Wang

Abstract

This book contends that the East Asian financial constitution lacks an appropriate infrastructure, resulting in inefficient allocation of high savings and an over-inflated short-term debt market. It goes on to point out that despite high savings, East Asia’s dependency on financial centers outside the region is also relatively high, and that there is no strong region-wide network to connect various financial centers in East Asia.

Suggested Citation

  • Yung Chul Park & Wonho Song & Yunjong Wang, 2005. "Finance and Economic Development in East Asia," Chapters, in: Yung Chul Park & Takatoshi Ito & Yunjong Wang (ed.), A New Financial Market Structure for East Asia, chapter 2, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:3528_2
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    Citations

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    Cited by:

    1. Dilip K. Das, 2014. "Growth, integration and trends in equity markets in Asia," Asia Pacific Business Review, Taylor & Francis Journals, vol. 20(2), pages 286-301, April.
    2. Das Dilip K., 2014. "Evolving Domestic Bond Markets and Financial Deepening in Asia," Global Economy Journal, De Gruyter, vol. 14(1), pages 89-112, June.
    3. Marcus Noland, 2007. "South Korea's Experience with International Capital Flows," NBER Chapters, in: Capital Controls and Capital Flows in Emerging Economies: Policies, Practices, and Consequences, pages 481-528, National Bureau of Economic Research, Inc.

    More about this item

    Keywords

    Asian Studies; Economics and Finance;

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