The LLSV (1998) index of creditor rights shows that several countries with relatively high creditor rights experience a great deal of depreciation, such as Indonesia, Malaysia, Thailand, and Korea (Table 3). Table 5 shows that there is no significant relation between creditor rights and the exchange rate depreciation; the R-squared is only 0.003. The product of creditor rights and the efficiency of the judiciary or the corruption index does not give a significant result. There also does not appear to be any kind of relation between exchange rate depreciation and accounting standards (Table 5).