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Towards a sound and stable financial system in Korea : Revisited

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Frame of Image nk of Korea (email: realwing@bok.or.kr) ** Porfessor of Business Administration, Hongik University, Jochwon, Korea (email: thj2274@wow.hongik.ac.kr) *** Institution for Monetary and Economic Research, The Bank of Korea (email: jhhahm@bok.or.kr) This paper is supported financially by the Bank of Korea. The views expressed are those of the authors and do not necessarily reflect the official views of the Bank of Korea. When reporting or citing it, the names of the authors and ‘Institute for Monetary and Economic Research’, the Bank of Korea, should always be stated explicitly.
<Contents>
I. Introduction..................................................................................................... 2
II. Comparative Financial Systems: A Survey.................................................... 6
1. Theoretical Debates............................................................................................6 2. Empirical Results ............................................................................................. 13 3. Summary .......................................................................................................... 16
III. Convergence of Financial Systems ............................................................ 18
1. Tendency of Convergence ................................................................................ 18 2. Obstacles to Convergence ................................................................................ 20 3. Implicat


Full Text
Title Towards a sound and stable financial system in Korea
Similar Titles
Sub Title

Revisited

Material Type Reports
Author(English)

Jin, Ick; Jin, TaeHong; Hahm, JeongHo

Publisher

[Seoul]:The Bank of Korea

Date 2004-11
Pages 67
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < Financial Policy
Holding The Bank of Korea; KDI School

Abstract

In this paper we present estimates of efficiency, productivity change and profitability in Korean banking for the period of 1992-2002 when the Korean banking system experienced financial liberalization, financial crisis and restructuring. The estimates for efficiency and productivity change of individual banks and the banking industry as a whole are derived from the directional technology distance function. Our method allows the aggregation of individual bank efficiency and productivity growth to the industry level. This method also controls for loan losses (non-performing loans) that are an undesirable by-product arising from the production of loans. These two features of our paper, aggregation of efficiency and productivity measures from the firm to the industry level and the modeling of desirable and undesirable bank outputs, are our unique contribution to the study of the Korean banking system. (The rest omitted)