ABSTRACT
Most of the six countries we have examined so far have shown a reasonable degree of stability in their structures of finance and corporate governance, at least until the last decade. Japan’s financial structures were shaken by the deregulation of the 1980s and the crisis of the 1990s, but without rapid underlying change. Only Sweden had made radical changes by the mid 1990s. The two countries examined in this chapter also saw early radical change. This was only to be expected for South Korea, given the speed of its economic development. It is more remarkable that France’s changes were at least as radical.
