edited by Augustine H H Tan (Wharton-Singapore Management University Research Center, Singapore)

This book contains papers selected from the 25th Federation of ASEAN Economic Associations Annual Meeting, hosted by the Economic Society of Singapore on 7–8 September 2000, in Singapore. East and Southeast Asia had just emerged from the devastation of the Asian currency crisis of 1997–8. The theme of the conference was chosen to enable participants to examine macroeconomic policies, particularly fiscal, monetary and exchange rate policies that would enable their countries to sustain economic growth without the trauma of financial and currency crises. Prominent economists Ronald McKinnon (Stanford University) and John Williamson (Institute for International Economics) presented four papers about alternative exchange rate regimes. Representative papers from five countries, viz. Indonesia, Malaysia, South Korea, the Philippines and Singapore, are also included in the volume.

• East and Southeast Asia After the Crisis:Asia's Recovery: A Comparative Analysis (O I Bacha)
  • After the Crisis, the East Asian Dollar Standard Resurrected: An Interpretation of High-Frequency Exchange Rate Pegging (R I McKinnon)
  • On the Periphery of the International Dollar Standard: Canada Versus Latin America Versus East Asia (R I McKinnon)
  • Intermediate Exchange Rate Regimes for East Asia (J Williamson)
  • Curbing the Boom–Bust Cycle: How Can the Industrial Countries Help? (J Williamson)
• Country Developments:
  • Can Monetary Policy/Shocks Stabilize Indonesian Macroeconomic Fluctuations? (H Siregar & B D Ward)
  • Inflation Targeting: New Directions for Monetary Policy in Postcrisis Korea (D-H Park & J-G Oh)
  • Malaysian Financial Liberalization and Crisis: Reflections on National Responses (S K Goh & M H Alias)
  • Recent Developments in Financial and Corporate Governance in the Philippines (M B Lamberte)
  • Monetary Policy and the Exchange Rate in the Philippines (D B Canlas)
  • Exchange Rate Policy in Singapore: Current Issues and Empirical Evidence (Y-B Kim & H K Chow)
  • Recent Developments in Corporate Governance in Singapore (Y H Pang & K S Leong)
  • Against the Tide? Liberalization of the Singapore Financial Sector 1997–2000 (G H Lim)