民主化後金融體系受到執政黨與地方派系及內需財團的選舉結盟影響，使得特權貸款氾濫以及金檢無法落實，是本土金融風暴發生的重要背景之一，危機發生後的重建過程也同樣受到政治力的干預，拖延了重建法案的提出、通過與執行。金融重建包括處理問題金融機構與壞帳、強化銀行競爭力以及強化金融監理與公司治理。從台灣金融重建的經驗中得知，政府推動經濟改革的決心與能力受到了幾項政治因素的制約。首先是政黨與地方派系與內需財團之間的關係，兩者在政治獻金、選舉動員與政策優惠上的互賴，使得前後..

The political intervention in financial institutions after democratic transitions induces the prevalence of privileged loans and damages banking regulations. This is an important cause of the local financial crises between 1998 and 1999. The process of financial restructuring is also subject to political interference. The packages include liquidating financial institutions, privatizing public banks, and strengthening financial regulations and corporate governance. The experience of financial restructuring demonstrates that th..