1. Introduction -- 2. Existing explanation's for Korean economic development -- 3. An evolutionary analysis of the economic system -- 4. The Korean economic system -- 5. The state and the Chaebol -- 6. The state and financial institutions -- 7. Japan's influence on the formation of the Korean...

It is common wisdom that central banks in the postwar (1945-1970s) period were passive bureaucracies constrained by fixed-exchange rates and inflationist fiscal policies. This view is mostly retrospective and informed by US and UK experiences. This book tells a different story. Eric Monnet shows...