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Financial System and Economic Growth: The Korean Experience

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  • Choe, Chongwoo
  • Moosa, Imad A.

Abstract

This paper examines the relationship between the development of the financial system and economic growth using Korea as a case study. In particular, we focus on the relative development of financial intermediaries and capital markets, and their impact on the portfolio behaviour of the household and business sectors.
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Suggested Citation

  • Choe, Chongwoo & Moosa, Imad A., 1999. "Financial System and Economic Growth: The Korean Experience," World Development, Elsevier, vol. 27(6), pages 1069-1082, June.
    • Handle: RePEc:eee:wdevel:v:27:y:1999:i:6:p:1069-1082
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