Interview MAGWOC-8 on South Korean financial system

DOI

MAGWOC-8 is an academic which has participated in several governmental commissions on financial reforms. MAGWOC-8 provides insights on the political economy of financial reforms in Korea. We discuss the reforms after the Korean financial crisis (1997), developments in the financial sector and financial supervision since then, and Korea’s position in international policymaking processes.

The Financial Elite Policymakers Interviewed (FINEPINT) database consists of interviews with financial policymakers from advanced economies and emerging markets. The interviews touch upon both national-level regulatory developments and global-level policymaking processes, as well as the interactions between the two. Interviewees are officials from Ministries, Central Banks and Financial Supervisors, representatives of banking and financial associations, representatives of Civil Society Organizations, and officials from International Organizations working on global financial governance.The semi-structured interviews followed a standard format in which policymakers were asked about:1. The development of their negotiating positions, asking who is involved internally, how the positions are informed by external actors, and who are the main partners in the policymaking process.2. The developments in policymaking processes, asking what were the main drivers of new issues emerging on the agenda, what issues came up in policymaking processes, and who is influential in the policymaking processes.3. The outcomes, asking how the main issues in policymaking processes were resolved and what the expected impacts of new policies will be.Interviews were conducted from 1992 onwards, covering a period of profound changes in the global financial system and its governance. Broad topics that were the focal points of different waves of interviews were the interaction between public and private actors in global policymaking, the political economy of financial liberalization, the internationalization / globalization of financial markets and the regulatory response to this, the Basel Capital Accords, the resolution of sovereign debt crisis, and sustainable finance.Interviewees have been provided with the following options for the use of the transcript:• Quotation: direct quotes from the interview may be used and attributed in the reference.• Referencing, no quotation: interview may be refenced by name as support for a claim, but no direct quotes may be used.• No quotation or referencing: the interview may not be quoted or referenced by name.The principal investigators of the projects included in this database are prof. G.R.D. Underhill and dr. J. Blom. Data collection and development of this dataset has been made possible by:• NWO MaGW Open Competition grant ‘Public-private interaction and shifting patterns of governance’ (grant no. 400-04-233, prof. G.R.D. Underhill)• UKRI ESRC World Economy and Finance program grant ‘National and International Aspects of Financial Development’ (grant no. RES-156-25-0009).• EU Horizon 2020 Research and Innovation program, Marie Sklodowska-Curie Individual Fellowship grant ‘G20LAP: G20 Legitimacy and Policymaking’ (grant agreement no. 845121, dr. J. Blom).

Identifier
DOI https://doi.org/10.17026/dans-x5u-cbzd
Metadata Access https://ssh.datastations.nl/oai?verb=GetRecord&metadataPrefix=oai_datacite&identifier=doi:10.17026/dans-x5u-cbzd
Provenance
Creator J.G.W. BLOM Blom ORCID logo
Publisher DANS Data Station Social Sciences and Humanities
Contributor J.G.W. Blom; J.G.W. Blom (The University of Sheffield); Sheffield Political Economy Research Institute
Publication Year 2022
Rights DANS Licence; info:eu-repo/semantics/restrictedAccess; https://doi.org/10.17026/fp39-0x58
OpenAccess false
Contact J.G.W. Blom (The University of Sheffield)
Representation
Resource Type Dataset
Format application/zip; application/pdf
Size 23232; 246905
Version 1.0
Discipline Agriculture, Forestry, Horticulture, Aquaculture; Agriculture, Forestry, Horticulture, Aquaculture and Veterinary Medicine; Business and Management; Economics; Humanities; Life Sciences; Social Sciences; Social and Behavioural Sciences; Soil Sciences