Yung Chul Park’s research while affiliated with Korea University and other places

... Financial sector reform involves the general decontrolling and deregulation of the economy's financial sector in order to enhance savings mobilization, the quantity and quality of investment and economic development (Shaw, 1973 andMcKinnon, 1973). Financial reforms contrasts financial repression which involves government intervention in the financial sector, implicitly or explicitly, to tax and distort the free working of financial institutions through restrictive controls on interest rates, bank lending, restrictive entry policies in the financial sector and use of non-market oriented monetary policy tools (The World Bank, 1989). ...

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WHEAT GROWERS SAVINGS MOBILIZATION IN GEZIRA SCHEME, SUDAN

... South Korea is often cited as an economic success story, having transformed from an impoverished war-torn nation, to a developed nation that has progressed on all fronts (D'Costa 2018; Eichengreen et al. 2020). However, these economic growth-oriented accomplishments have introduced challenges, including poverty, inequality, long working hours, financial instability, and concerns about the economic and political power of large corporate conglomerates, known as chaebols (OECD 2013;World Bank 2004). ...

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From boom to transformation: assessing the paradigm shift in public policies for the Social Economy in South Korea

... Since the end of the Korean War, large business groups, commonly called chaebols, have dominated the Korean economy. In the 1980s, the power accumulated by chaebols led the government to monitor their activities (Eichengreen et al., 2015). To this end, the Korea Fair Trade Commission (KFTC) discloses a list of large business groups and their affiliates every year, simplifying the identification of business groups and their affiliated firms. ...

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Investors’ Perception of Business Group Membership during An Economic Crisis: Evidence from the COVID-19 Pandemic

... During the 1980s and 1990s, both the number and the scope of the conditions linked to lending programs expanded far beyond its initial focus on macroeconomic key figures (Killick 1995). Following the Asian financial crisis, program countries and economists criticized the IMF for this 'one-size-fits-all' approach (Stone 2008: 598;Park 2017). As a result, the IMF has returned to the practice of imposing fewer 'microcritical' conditions and has replaced structural performance criteria with softer 'benchmarks' (IMF 2012;Lütz 2015). ...

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When numbers don't add up: Bureaucratic culture and conflicts in EU-IMF programs

... See Frankel (2009) for an empirical evaluation of the PRC's exchange rate regime. 51 Park (2006) elaborates on the prisoner's dilemma in East Asia and the central role played by the PRC. ...

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Management of Exchange Rate Regimes in Emerging Asia

... Accordingly, ASEAN makes good sense as a regional hub for free trade agreements (FTAs) given its FTAs with various East Asian countries as exemplified by the RCEP (Damuri, 2012). On the other hand, it has also been pointed out that ASEAN's relatively small economic size and export market, the disparate character of the ASEAN Free Trade Area (and, in time, the AEC) -10 economies as opposed to a single economyand other constraints limit ASEAN's potential to become an important regional hub relative, say, to China (Park and Cheong, 2008). ...

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Defence and Security Cooperation in East Asia: Whither ASEAN Centrality?

... The CMIM was initially set up as a network of bilateral swap arrangements in 2001 in reaction to the Asian financial crisis. In 2010, in response to the global financial crisis, the (Kawai and Park, 2015). Its large lending capacity provides for crisis finance that exceeds the lending of IMF for all members except the plus-three partner countries. ...

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Borrowing Patterns in the Global Financial Safety Net: Does Governance Play a Role?

... L'ICM fait reposer son offre de ressources, d'une part, sur l'extension d'un accord de swaps à toutes les banques centrales des pays de l'ASEAN (ASA, ASEAN Swap Arrangement). Les cinq membres fondateurs (Thaïlande, Indonésie, Philippines, Malaisie et Singapour) avaient mis en place, en août 1977, un dispositif de soutien pour les pays qui rencontraient des difficultés avec leur balance des paiements (Park, 2003). Ce dispositif a été étendu aux cinq nouveaux membres en 2000. ...

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Migrations internationales : la mobilité des Hommes, facteur d'intégration régionale en Asie Orientale ?

... Others see a shift towards a multimonetary system as a natural consequence of the United States` economic dominance decline, the Asia`s emergence as the world`s new economic power and the multipolar nature of the global economy, together with the internationalization of the renminbi: Eichengreen (2010); Angeloni et al. (2011);Bergsten (2011);Bini Smaghi (2011a); Bini Smaghi (2011b); Eichengreen (2011);Fratzscher & Mehl (2011);Salvatore (2011);Park & Wyplosz (2012); Eichengreen (2013); Chitu et al. (2014). Eichengreen (2010Eichengreen ( , 2011 considered that the future belongs to a system with multiple reserve currencies, centered around the US dollar, the euro and the renminbi. ...

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The Challenges of Reforming the International Monetary System in the Post COVID-19 World

... (Mattoo, Rathindran & Subramanian, 2006). Liberalisation in financial services is expected to enhance domestic competitiveness, reducing regulatory capture and minimizing ideological constraints regarding free financial markets (Park & Takagi, 2012). Critics of the development of financial services liberalisation are highlighted by Dee (2015) and Park & Takagi (2012) as they assess the progress of service liberalisation development in ASEAN. ...

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The Effect of Asean Financial Services Liberalisation on Economic Growth