This paper assesses whether and how financial development triggers the occurrence of banking crises. It builds on a database that includes financial development as well as financial access, depth and efficiency for almost 100 countries. Through estimation of a dynamic logit panel model, it...

Koreas financial sector has gone through heavy repression, rapid liberalization, deep crises, and massive restructuring during the last half century. This paper discusses Koreas financial sector policies in relation to its real sector development, and attempts to draw some lessons from this...