Financial System Reforms and Corporate Governance Following the Asian Financial Crisis―Focusing on Thailand and Indonesia

Project Leader:
Motoaki TAZAWA
Faculty of Law

Thailand and Indonesia were the countries most seriously afflicted by the Asian financial crisis. They both received aid from the IMF and the World Bank, while implementing various system reforms under the IMF Conditionality and other conditions. Financial systems of these countries indicate modest stability, and their financial institutions are on an upward trend, though the Financial Master Plan and other reforms are still to be implemented. This study seeks to conduct a comprehensive verification of such reforms, thereby clarifying their significances and challenges.

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