Includes bibliographical references and index.

Preliminary Material / Yung Chul Park , Joon-Kyung Kim , and Hail Park -- Introduction and Overview of Financial Development / Yung Chul Park , Joon-Kyung Kim , and Hail Park -- Growth and Structural Changes in the Financial System / Yung Chul Park , Joon-Kyung Kim , and Hail Park -- Financial Liberalization and Structural Changes in Financial Institutions and Markets / Yung Chul Park , Joon-Kyung Kim , and Hail Park -- Financial Behavior of Households and Nonfinancial Firms / Yung Chul Park , Joon-Kyung Kim , and Hail Park -- Financial Liberalization and the Transformation of the Banking Industry / Yung Chul Park , Joon-Kyung Kim , and Hail Park -- The Opening of Financial Intermediation Industries / Yung Chul Park , Joon-Kyung Kim , and Hail Park -- Effects of Financial Liberalization on the Growth and Efficiency of the Financial Sector / Yung Chul Park , Joon-Kyung Kim , and Hail Park -- Financial Development and the Growth and Stability of the Industrial Sector / Yung Chul Park , Joon-Kyung Kim , and Hail Park -- Assessment of the Empirical Results on the Finance-Industrial Growth Nexus / Yung Chul Park , Joon-Kyung Kim , and Hail Park -- Effects of Financial Deepening on Income Distribution / Yung Chul Park , Joon-Kyung Kim , and Hail Park -- Consolidation of Financial Regulatory Authorities / Yung Chul Park , Joon-Kyung Kim , and Hail Park -- Role of the Financial Supervisory System in Safeguarding Financial Stability / Yung Chul Park , Joon-Kyung Kim , and Hail Park -- Moral Hazard, Regulatory Forbearance, and Corruption in the Financial Regulatory System / Yung Chul Park , Joon-Kyung Kim , and Hail Park -- The 1997 Financial Crisis / Yung Chul Park , Joon-Kyung Kim , and Hail Park -- The Post-1997 Corporate Governance Reform and Chaebol Investment Behavior / Yung Chul Park , Joon-Kyung Kim , and Hail Park -- The 2008 Liquidity Crisis / Yung Chul Park , Joon-Kyung Kim , and Hail Park -- The COVID-19 Pandemic and Financial Market Turmoil, 2019-20 / Yung Chul Park , Joon-Kyung Kim , and Hail Park -- Summary and Conclusions / Yung Chul Park , Joon-Kyung Kim , and Hail Park -- References / Yung Chul Park , Joon-Kyung Kim , and Hail Park -- Index / Yung Chul Park , Joon-Kyung Kim , and Hail Park -- Harvard East Asian Monographs / Yung Chul Park , Joon-Kyung Kim , and Hail Park.

""Analyzes the deepening of and structural changes in Korea's financial system since the early 1980s and presents the empirical results of the effects of financial development on economic growth, stability, and the distribution of income. Finds that, contrary to conventional wisdom, financial liberalization has contributed little to fostering the growth and stability of the Korean economy and has exacerbated income distribution problems"--Provided by publisher"-- Provided by publisher.

Description based on print version record.