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Government bond market development : The Korean experience

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Frame of Image ublic of Korea Seoul National University 	 	 eongseop Rhee, Seoul National University, Professor Y Jinmyung Kim, Government Bond Policy Division, Ministry of Strategy and Finance, Chief Joonho Hahm, Yonsei University, Professor
Research Management	 Supported by	
KDI School of Public Policy and Management 	 Ministry of Strategy and Finance (MOSF), Republic of Korea
Government Publications Registration Number 11-7003625-000007-01 ISBN 979-11-5545-036-9 94320 ISBN 979-11-5545-032-1 [SET 42] Copyright © 2013 by Ministry of Strategy and Finance, Republic of Korea
Government Publications Registration Number 11-7003625-000007-01
Knowledge Sharing Program
2012 Modularization of Korea’s Development Experience
Government Bond Market Development: The Korean Experience
Preface
The study of Korea’s economic and social transformation offers a unique opportunity to better understand the factors that drive development. Within one generation, Korea has transformed itself from a poor agrarian society to a modern industrial nation, a feat never seen before. What makes Korea’s experience so unique is that its rapid economic development was relatively broad-based, meaning that the fruits of Korea’s rapid growth were shared by many. The challenge of course is unlocking the secrets behind Korea’s rapid and broad-based development, which can offer invaluable insights and lessons and knowledge that can be shared with the rest of the international community. Recognizing this, the Korean Ministry of St


Full Text
Title Government bond market development
Similar Titles
Sub Title

The Korean experience

Project Category Development Cases
Material Type Reports
Author(English)

Rhee, Yeongseop

Publisher

Seoul:KDI School of Public Policy and Management

Date 2013
Project Development Cases
Series Title; No Knowledge Sharing Program: KSP Modularization
ISBN 979-11-5545-036-9 94320; 979-11-5545-032-1 [SET 42]
Pages 114
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < Financial Policy
Holding KDI School of Public Policy and Management
Supervisor KDI School of Public Policy and Management
Organizer Ministry of Strategy and Finance(Republic of Korea); Seoul National University
Sponsor Ministry of Strategy and Finance(Republic of Korea)
Project Term 2012-01-01 ~ 2012-12-31

Abstract

x This study has two objectives. First, it traces the development of the government bond market in Korea since liberation from Japanese colonial rule in 1945 in order to identify elements underlying the remarkable transformation of the government bond market. Second, it derives implications from the Korean experience and suggests policy lessons for other developing countries: This study not only emphasizes the positive aspects but also clarifies the negative ones of Korean government bond market development to provide useful, specific and realistic policy suggestions to address challenges confronting many developing countries.
The history of the Korean government bond market started with the issuance of the National Foundation Bond (NFB) in 1950 to finance government budget deficits. Since then, various government bonds have been issued and discontinued according to the changing needs for those bonds.(The rest omitted)

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Government Publications Registration Number 11-7003625-000007-01