Working Paper
Financial liberalization, market discipline and bank risk
Koo, Jahyeong; Moore, Robert R.; Gruben, William C. (2003)
In the literature on systemic banking crises, two common themes are: (1) Risky lending often follows bank liberalization. (2) Lack of market discipline encourages risky lending. That not all liberalizations are followed by financial crisis and that financial systems without market discipline sometimes operate without incident invites examination of these themes. In a test of six countries, we find that our measure of bank risk increases significantly in the wake of financial liberalizations, but only where depositors fail to discipline banks. Our measures of market discipline and bank risk, ...
Center for Latin America Working Papers , Paper 0303

Working Paper
When does financial liberalization make banks risky? : an empirical examination of Argentina, Canada and Mexico
Koo, Jahyeong; Moore, Robert R.; Gruben, William C. (1999)
In the literature on systemic banking crises, two common themes are: (1) lack of market discipline encourages risky lending and (2) financial liberalization or privatization lead to risky lending. However, there is evidence to suggest that neither financial liberalization nor weak market discipline always precedes risky lending. We test for depositor discipline and, separately for post-liberalization or post-privatization risky lending in Argentina, Canada, and Mexico. In the countries without market discipline, lending risk increases significantly in the wake of liberalization. Where ...
Center for Latin America Working Papers , Paper 0399

Journal Article
Miracle to malaise: what's next for Japan?
Koo, Jahyeong; Cox, W. Michael (2006)
Economic Letter , Volume 1

Journal Article
Recovery from a financial crisis: the case of South Korea
Kiser, Sherry L.; Koo, Jahyeong (2001-10)
Among the countries that were impacted by the 1997 Asian crisis, South Korea (Korea hereafter) has demonstrated the fastest recovery by blocking its downward spiral. Jahyeong Koo and Sherry Kiser examine the recovery process of financial crises, particularly in Korea, in light of the weak-fundamentals and financial-panic views. Since neither of these views adequately explains Koreas recovery, the authors look at other phenomena for an explanation. Alternative financial arrangements and labor market adjustments are specifically examined. The authors acknowledge that Koreas recovery was only ...
Economic and Financial Policy Review , Issue Q IV , Pages 24-36

Monograph
China: awakening giant
Koo, Jahyeong; Cox, W. Michael (2003)
Monograph

Journal Article
Beyond the border: China's growing economic influence in East Asia after WTO
Koo, Jahyeong; Fu, Dong (2002-05)
Southwest Economy , Issue May , Pages 13 - 14

Journal Article
China: awakening giant
Koo, Jahyeong; Cox, W. Michael (2003-09)
Southwest Economy , Issue Sep , Pages 1-8

Journal Article
Beyond the border: Japan's economy still looks recessionary
Koo, Jahyeong; Gruben, William C. (2001-07)
Southwest Economy , Issue Jul , Pages 9-10

Journal Article
Japan's economy still looks recessionary
Koo, Jahyeong; Gruben, William C. (2001-07)
Southwest Economy , Issue Jul , Pages 9-10

Journal Article
Is Japan's long nightmare finally over
Koo, Jahyeong; Fu, Dong (2004-03)
Southwest Economy , Issue Mar , Pages 17-18