There is a widespread perception that the Republic of Korea's service sector lags behind its dynamic world-class manufacturing sector. We empirically analyze the past performance of the Republic of Korea's service sector in order to assess its prospects as an engine of growth. Our analysis...

Fragility that periodically erupts into a full-blown financial crisis appears to be an integral feature of market-based financial systems in spite of the emergence of sophisticated risk management tools and regulatory systems. If anything, the increased frequency of modern crises underscores how...

This paper seeks to outline a number of issues relating to banking lending and corporate finance that deserve further research attention. The main purpose is to identify research issues and raise questions, rather than to propose solutions and answers. Specifically, the issues identified fall...