소장기록
제목Korea's Liberalization of Financial Service Trade
설명The financial sector plays a key role in the functioning of a market economy. This was dramatically illustrated by the Asian crisis since 1997. The financial service trade interests us as a subject of international trade and also for its implication on the development of the financial sector. This paper is about the liberalization of financial service trade in Korea. Following this introduction, Section 1 briefly reviews the benefits, costs, and risks of the liberalization of financial service trade, as they appear in the literature, and Section 2 discusses what it takes to realize the benefits of trade in developing countries. Section 3 describes Koreas liberalization measures of financial service trade before and after the financial crisis. Section 4 discusses the trends in financial service trade in Korea and tries to see what benefits were there from the limited liberalization before the crisis, and Section 5 concludes the paper. Its focus is on the financial services other than insurance, mainly the banking services, as banks occupy the central position in Koreas financial sector, and on two modes of service trade, cross-border and commercial presence, as the other two, namely, consumption abroad and presence of natural person are of relatively little importance in the financial service trade*. * Mattoo (1999) reports that the financial service trade through commercial presence was two times or more as large as the cross-border trade while the other two modes were insignificant in the case of the U.S., the only country which reports the trade through commercial presence on a regular basis.
생산자신인석 외
날짜2000-09-01
기록유형문서류
기록형태보고서/논문
주제정치경제
연관링크http://www.kdi.re.kr/research/subjects_view.jsp?pub_no=993&pg=3&pp=1000&mcd=001002001
식별번호KC-R-00462
제목Korea's Liberalization of Financial Service Trade
설명The financial sector plays a key role in the functioning of a market economy. This was dramatically illustrated by the Asian crisis since 1997. The financial service trade interests us as a subject of international trade and also for its implication on the development of the financial sector. This paper is about the liberalization of financial service trade in Korea. Following this introduction, Section 1 briefly reviews the benefits, costs, and risks of the liberalization of financial service trade, as they appear in the literature, and Section 2 discusses what it takes to realize the benefits of trade in developing countries. Section 3 describes Koreas liberalization measures of financial service trade before and after the financial crisis. Section 4 discusses the trends in financial service trade in Korea and tries to see what benefits were there from the limited liberalization before the crisis, and Section 5 concludes the paper. Its focus is on the financial services other than insurance, mainly the banking services, as banks occupy the central position in Koreas financial sector, and on two modes of service trade, cross-border and commercial presence, as the other two, namely, consumption abroad and presence of natural person are of relatively little importance in the financial service trade*. * Mattoo (1999) reports that the financial service trade through commercial presence was two times or more as large as the cross-border trade while the other two modes were insignificant in the case of the U.S., the only country which reports the trade through commercial presence on a regular basis.
생산자신인석 외
날짜2000-09-01
크기 및 분량42쪽
언어영어
출처한국개발연구원
연관링크http://www.kdi.re.kr/research/subjects_view.jsp?pub_no=993&pg=3&pp=1000&mcd=001002001
기록유형문서류
기록형태보고서/논문
대주제정치경제
소주제금융
자원유형기록
파일 11c48d40d913277c738ab300c017f0ac.pdf
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