The success of policy-based credit programs in Japan and the Republic of Korea suggests that credit policy can be an effective instrument for economic development. Why, then, have credit policies failed in so many countries, and what factors explain their relative success in Japan and Korea? Both economic and institutional factors appear to be important in the success or failure of credit policies. Essential economic factors include a reliance on...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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1996/08/01
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Журнальная статья
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76557
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1
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1
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2013/04/15
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Disclosed
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Credit policies : lessons from Japan and Korea
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credit policy