초록 열기/닫기 버튼
In the aftermath of the economic crisis of 1997-98 South Korea undertook a number of reforms in financial supervision. Questions have been raised, however, as to whether Korea has in fact succeeded in creating a system of financial supervision capable of dealing with certain risk and responding to new challenges. This paper examines Koreas recent experience in financial instability resulting from misconduct by credit-card companies as a case in point and argues that the post-crisis reform in financial supervision was limited to changing formal institutions for financial supervision and further reforms will have to be undertaken in other related institutions if Korea is to improve its financial supervision
키워드열기/닫기 버튼
financial reform, institutional interdependency, formal and informal institutions, institutional reform, post-crisis reform in Korea, financial supervision, supervisory failures in credit-card companies in Korea
