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2006
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Gary A. Dymski et al., « La crise des banques coréennes après la crise », Revue Tiers Monde, ID : 10.3406/tiers.2006.5634
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Gary A. Dymski - Korea's Post-Crisis Banking Crisis. This paper develops the argument that a foreign-bank-led wave of bank mergers and acquisitions will not yield universally higher welfare levels. Korea's banking crisis is not the result of the inefficiency or rent-seeking of its intermediaries, but of a regional structural financial crisis in East Asia after 1990. Most bank mergers and other structural changes in banking in Korea in recent years have resulted in large and risky public-sector debts, with gains taken primarily by overseas private-equity funds. Further, the impact of these structural shifts on lower-income households and small businesses may take Korea further toward a future of economic inequality and social bifurcation.