Ten Years after the financial Crisis in Thailand Chalongphob Sussangkarn and Pakorn Vichyanond
The harsh nature of the tight fiscal and monetary policies without due regard for social or political consequences;
Unwillingness to allow non-market-based interventions such as controls on capital flows;
Imposition of full guarantees for creditors reform measures, such as stringent financial standards and corporate restructuring as well as privatization of state-owned enterprises; and
Lack of input from within the region so that the programs did not take sufficient account of the sociopolitical realities of the affected countries.