The global financial crisis underlined that sound and effective bank regulation is vital to financial stability. Assessments of the global financial crisis invariably point to ineffective finance regulation and supervision as the main reasons for the onset of the crisis and its severity. In...

One of the most prominent phenomena in the development process of the South Korean economy has been the surge of its direct foreign investment (DFI). In the 14 years between 1980 and 1994, South Korea's annual outward DFI increased more than 109 times, in current U.S. dollar terms. The article...