Korean unification and banking system - An analysis in view of German experiences and Korean differences
Ralf Müller
IWH Discussion Papers,
No. 139,
2001
Abstract
One of the reforms that have to be launched in a future unification process in Korea, which seems possible after the political negotiations last year, is the transformation of the North Korean banking system. The question arises whether Korea could profit from the German experience where banking transformation was one of the rather few success stories in unification. In 1990 the East German banking transformation was achieved relatively fast and uncomplicated due to considerable direct investments of the West German banks compounded with state guarantees for bad loans resulting from the credit business with existing GDR-corporations. Unfortunately, South Korea currently lacks some major prerequesites that contributed to the German banking unification, among them – and probably the most important one – is the lack of a sound and efficient banking
system that could become active in the North. Consequently, depending on the circumstances of a future Korean unification either a more gradual process is recommended or, if inner-Korean migration requires a more dynamic transition, considerable investment by foreign banks and assistance from international organisations is recommended.
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FDI and Corporate Tax Revenue: Tax Harmonization or Competition?
Reint E. Gropp, Kristina Kostial
Finance & Development,
No. 2,
2001
Abstract
OECD countries with high corporate tax rates have experienced both high net outflows of foreign direct investment and a decline in corporate tax revenue. Identification of a causal link between these two trends has implications for the debate on tax harmonization versus tax competition.
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Investment structures in East German corporate sector
Vera Dietrich
Wirtschaft im Wandel,
No. 11,
1996
Abstract
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Macroeconomic and corporate adjustment progress in East Germany (12th joint report by DIW Berlin, IfW Kiel and IWH Halle)
Forschungsreihe,
No. 1,
1995
Abstract
Schwerpunkt des 12. Berichtes ist eine Einschätzung über den (bis 1994) erreichten Stand bei der Erneuerung und Modernisierung des Kapitalstocks in den neuen Ländern. Hierzu werden Untersuchungsergebnisse zur Entwicklung der Investitionen und des Anlagevermögens im ostdeutschen Unternehmenssektor dargestellt. In Verbindung damit erfolgt eine kritische Bewertung der Investitionsförderung.
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