Financial-Liberalization

South Korea Completes IMF-Mandated Economic Restructuring

1998-06-12 00:00:00 +0000 UTC | Importance: 9/10

South Korea finalizes comprehensive economic reforms mandated by the IMF, including massive corporate restructuring, labor market deregulation, and opening financial markets to foreign investment. The reforms fundamentally transformed South Korea’s economic model through key changes: financial …

IMF World Bank South Korean Government Chaebol Corporations Treasury Department asian-financial-crisis structural-adjustment economic-shock corporate-transformation imf-intervention +1 more

Thai Baht Collapse Ignites Systemic Southeast Asian Economic Crisis

1997-07-02 00:00:00 +0000 UTC | Importance: 9/10

Thailand’s decision to float the baht on July 2, 1997, triggered a catastrophic financial crisis across Southeast Asia. The currency collapsed from 25 baht per USD to 54 baht per USD by January 1998, causing systemic economic destabilization. The IMF and World Bank responded with a $20 billion …

Bank of Thailand IMF World Bank Federal Reserve Asian Development Bank asian-financial-crisis economic-shock imf-intervention structural-adjustment currency-devaluation +1 more