This article finds that the export demand effect of external shocks had the strongest impact on the USSR. The effect was second largest in China and Hungary, and smallest in the NICs. The USSR responded to external shocks in a manner typical of the traditional centrally-planned economy. It was...

This paper argues that the Korean governmentís policy with regard to financial deregulation and liberalization was endogenously determined, being largely influenced by the interest politics of perhaps the most powerful interest group in Korea, chaebol. It also argues that the cause of Koreaís...