This paper argues that the course and outcome of the post-1993 financial reform in Korea were largely influenced by the interest politics of the most powerful interest group in Korea, chaebols, and thus an examination of their influence is essential to understanding the cause of Korea’s...

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...