ASEAN Economic Bulletin articles from August 2000

ASEAN Economic Bulletin archives from August 2000

The Asian Financial Crisis: Hindsight, Insight, Foresight.
August 1, 2000... For a while, in the darkest moments of the Asian financial crisis in 1998, it was widely predicted that East Asia would continue to be deathly sick for the next two to four years. While it is fortunate that the news of the (near) death of the...

The Unorthodox Origins of the Asian Currency Crisis: Evidence from Logit Estimation.
August 1, 2000... I. Introduction The Asian financial crisis, which started on 2 July 1997, was the third region-wide currency crisis in the 1990s. The first regional currency collapse was in Europe in 1992-93 and the second was in Latin America in 1994-95....

Implications of the Malaysian Experience on Future International Financial Arrangements.
August 1, 2000... I. Introduction In responding to the East Asian crisis, Malaysia took a different route from the other affected countries. At the onset of the crisis, Malaysia adopted policies similar to the other crisis-hit economies, namely tight...

The Meltdown of the Indonesian Economy: Causes, Responses and Lessons.
August 1, 2000... I. Causes of the Economic Crisis Since late 1997, Indonesia has been suffering from two interrelated crises: a political crisis and an economic crisis. The politically weak and technically incompetent governments of President Soeharto and...

China's Deflation during the Asian Financial Crisis, and Reform of the International Financial System.
August 1, 2000... The discussion on the implications of China's experience during the Asian financial crisis on the reform of the international financial system can be divided into two separate parts: China's experience during the Asian financial crisis and...

Strengthening the International Financial Architecture: Where Do We Stand?
August 1, 2000... It is now nearly two years since Secretary Rubin made his famous speech calling for steps to strengthen the international financial architecture. Unfortunately, this choice of words conjured up visions of an architect's blueprint and a...

Coping with Accelerated Capital Flows from the Globalization of Financial Markets.
August 1, 2000... The usual response to the tremendous increase in international capital flows to the emerging markets in the last two' decades is an optimistic one because this development allows the poorer economies to accelerate their development by borrowing...

The Asian Financial Crisis and Its Aftermath: Do We Need a Regional Financial Arrangement?
August 1, 2000... I. Introduction Following the collapse of the Thai baht's peg on 2 July 1997, the financial markets in East Asia were in turmoil until mid-1998. On 11 July, the Philippines and Indonesia widened the trading band of their currencies from 8...

The Possibility of Forming a Yen Bloc Revisited.
August 1, 2000... I. Introduction(1) Interest in the possibility of forming a yen bloc -- a grouping of countries that use the yen as an international currency' and maintain stable exchange rates against the yen -- has been on the rise.(2) This has happened...