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La crise des banques coréennes après la crise

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  • Gary A. Dymski

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.

Suggested Citation

  • Gary A. Dymski, 2006. "La crise des banques coréennes après la crise," Revue Tiers-Monde, Armand Colin, vol. 0(2), pages 353-376.
  • Handle: RePEc:cai:rtmarc:rtm_186_0353
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