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Foreign Banks in Economic Development: Experiences from the Regulated Financial System of South Korea


  • Muller, R.


Various less developed countries and newly industrialized countries use financial regulation as an instrument for industrial policy. Based on a theoretical analysis, this paper provides empirical evidence for South Korea on how foreign banks compete in a regulated environment and how competition changes with regulation.

Suggested Citation

  • Muller, R., 2000. "Foreign Banks in Economic Development: Experiences from the Regulated Financial System of South Korea," Papers 110, American Cairo - Economics and Political Sciences.
  • Handle: RePEc:fth:cairam:110

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    References listed on IDEAS

    1. Hughes Hallett, A J & Ma, Yue, 1993. "East Germany, West Germany, and Their Mezzogiorno Problem: A Parable for European Economic Integration," Economic Journal, Royal Economic Society, vol. 103(417), pages 416-428, March.
    2. Cornwall, John & Cornwall, Wendy, 1994. "Growth Theory and Economic Structure," Economica, London School of Economics and Political Science, vol. 61(242), pages 237-251, May.
    3. Detragiache, Enrica, 1998. "Technology diffusion and international income convergence," Journal of Development Economics, Elsevier, vol. 56(2), pages 367-392, August.
    4. Hubert Gabrisch & Klaus Werner, 1998. "Advantages and drawbacks of EU membership - the structural dimension," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 40(3), pages 79-103, September.
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    JEL classification:

    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • L50 - Industrial Organization - - Regulation and Industrial Policy - - - General
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General


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