Asian Economic Crisis 97/98 - Issues in Macroeconomic Imbalances, Capital Outflows and Financial Crises
Spot Survey
No.15
Title page, Content, etc. (488KB)
Preface (88.2KB) / Kozo Kunimune
Part I: Analysis by Topic -
Chapter I
Macroeconomic Overview and Debt Problems (1.15MB) / Kozo Kunimune, Miki Takeda
1. Macroeconomic Overview
2. Balance of Payments and Debt Problems
Chapter II
Problems with International Financial Markets and Capital Controls (1.14MB) / Kozo Kunimune, Hisaya Oda
1. How Should International Financial Markets Be Understood?
2. Are Capital Controls Effective?
Conclusion
Chapter III
The Financial System: Problems and Responses (1.00Mb) / Kozo Kunimune, Yurika Suzuki
2. Responses to a Financial Crisis
3. Responses by Individual Countries
4. The Distress of Asian Economies – Evaluating Responses
5. Conclusion
Chapter IV
The Role of the IMF (986KB) / Kozo Kunimune, Chie Kasiwabara
1. What is the IMF?
2. Three Major Roles of the IMF
3. Proposals
Supplementary Article – What is Conditionality?
Part II: Country Analysis -
Chapter V
The IMF Program in Indonesia (1.43MB) / Shinichi Watanabe
1. The Technocrat’s IMF Program without the IMF: Before October 8
2. Cooperation between the Technocrats and the IMF: from October 8 to January 6
3. The Confrontation between Soeharto and the IMF: January 6 to May 21
4. The Indonesian Government and the IMF: from May 21
5. Conclusion
Chapter VI
Financial Reorganization in South Korea after the IMF (543KB) / Satoru Okuda
2. Until the Present: the Current Problem is Measures Against Tight Lending
3. Recent Measures
4. Issues Remaining
Chapter VII
Economic Reform and Financial Sector Restructuring after the Currency Crisis in Thailand (765KB) / Shigeki Higashi
2. Plans for Financial Sector Restructuring and Consolidation of Financial Institutions
Concluding Chapter
Supplementary Remarks and Proposals (469KB) / Kozo Kunimune
2. Summary of Our survey
3. Economic Reconstruction as a Part of Worldwide Reflation Policies
4. The Japan and Japan’s Role