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논문 기본 정보
- 자료유형
- 학술저널
- 저자정보
- 발행연도
- 2006.1
- 수록면
- 343 - 380 (38page)
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초록· 키워드
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Using financial reforms as example, we demonstrate that reform measures should be undertaken only when they have substantial net expected benefits. In most cases, financial reform measures entail substantial upfront fixed costs in return for a steady flow of benefits over a long period of time. The benefits tend to become larger in tandem with the volume of financial transactions. Because of these, it would be easier for wealthier countries to undertake financial reforms: They can afford expensive but better systems. However, poor countries cannot do so easily, because they lack sufficient resources. Consequently poor countries would better take more gradual and pragmatic approaches to financial reforms.
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참고문헌 (9)
참고문헌 신청
Bergsten, C. F / 2001 / No More Bashing: Building a New Japan-United States Economic Relationship
Bordo, M / 2002 / Now and Then: What Lessons from the Last Era of Globalization 8716
Greenwood / 1990 / and the Distribution of Income Journal of Political Economy 98 : 1076 ~ 97
Lee, J / 1998 / Causes for Business Failures Understanding the 1997 Korean Crisis 9 (4) : 637 ~ 651
Miwa, Y / 2005 / Trade Credit, Bank Loans, and Monitoring: Evidence from Japan
Bordo, M / 2002 / Now and Then: What Lessons from the Last Era of Globalization 8716
Greenwood / 1990 / and the Distribution of Income Journal of Political Economy 98 : 1076 ~ 97
Lee, J / 1998 / Causes for Business Failures Understanding the 1997 Korean Crisis 9 (4) : 637 ~ 651
Miwa, Y / 2005 / Trade Credit, Bank Loans, and Monitoring: Evidence from Japan
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