DIFFERENCES BETWEEN FINANCIAL REPRESSION AND FINANCIAL LIBERALIZATION. A CASE STUDY OF KOREA
Introduction Financial Liberalization Auerbach and Siddiki (2004: 231) define financial liberalization as the removal of a series of barriers in the financial sector in order to bring it in line with that of developed economies. There are three different types of financial liberalization. To begin, this term can be used to describe domestic financial system reforms such as privatization and greater private sector credit. For example, Gelos and Werner (2002: ...
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