Political Economy of Financial Systems

Korean and Indian Experiences in Retrospect

Jitendra Uttam (Autor)

Buch | Hardcover

286 Seiten

2024 | Unabridged edition
Cambridge Scholars Publishing (Verlag)
978-1-0364-1249-4 (ISBN)

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As the world grapples with financial instability caused by a massive infusion of pandemic-era liquidity and its subsequent withdrawal, scholars are raising doubts again regarding the merits behind the unhindered push for liberalization and deregulation. In the search for a convincing way out from recurring financial turbulences, this book revisits the past experiences of financial stability presided over by long-term credit supply largely through bank-based intermediation. The two Asian countries, South Korea and India, instituted wide-ranging financial repression through an identical – 'Credit based, Price-administered System' but surprisingly they witnessed contrasting outcomes. While accounting for the yawning performance gap between India and South Korea, this book introduces a political economy approach to better understand the efficiency of financial systems. It argues that the 'Functional Efficiency' of finance is not solely dependent on the structures of finance alone but it also lies in the wider political-economic context and its relations with the market.

Professor Jitendra Uttam teaches in the School of International Studies at Jawaharlal Nehru University, New Delhi, India. He completed his PhD in Politics (International Relations) from South Korea's Seoul National University in August 2002. His academic interests include international political economy concerning East Asia/Korea & India. He is the author of 'The Political Economy of Korea: Transition, Transformation and Turnaround' (2014) and co-author of 'Varieties of Capitalism in Asia: Beyond the Developmental State' (2017). He has also published research papers in international journals on developmental issues, including the interrelations between finance, technology, and entrepreneurship.

Erscheint lt. Verlag	1.11.2024
Verlagsort	Newcastle upon Tyne
Sprache	englisch
Maße	148 x 212 mm
Themenwelt	Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
	Betriebswirtschaft / Management ► Spezielle Betriebswirtschaftslehre ► Bankbetriebslehre
	Wirtschaft ► Volkswirtschaftslehre ► Finanzwissenschaft
	Wirtschaft ► Volkswirtschaftslehre ► Makroökonomie
	Wirtschaft ► Volkswirtschaftslehre ► Wirtschaftspolitik
ISBN-10	1-0364-1249-0 / 1036412490
ISBN-13	978-1-0364-1249-4 / 9781036412494
Zustand	Neuware