MAX M. FISHER COLLEGE OF BUSINESS Columbus, OH Did the IMF Bailout Programs Stabilize the Markets of Southeast Asia during the Asian Financial Crisis? By

Did the IMF Bailout Programs Stabilize the Markets of Southeast Asia during the Asian Financial Crisis? In this paper, I will explore the impact of three bailout programs offered by the International Monetary Fund during the Asian Financial Crisis. I evaluate the capabilities of these programs to stabilize the markets in Thailand, Indonesia, and South Korea by critically examining the Asia economic background, the International Monetary Fund, and the events of Asian Financial Crisis. I conclude that these programs did not have large impact on the volatility in these three countries. In addition, these programs are insignificant to the abnormal return of markets in these countries. Therefore, these programs associated with high cost cannot stabilize these countries ' economy during th