IMF World Economic Outlook (WEO), Financial Turbulence and the World Economy, October 1998--Contents

World Economic Outlook, October 1, 1998

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IMF World Economic Outlook (WEO), Financial Turbulence and the World Economy, October 1998--Contents

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Bibliographic details

• Published: October 1, 1998
• Series: World Economic Outlook

Publication and access

• Title: Financial Turbulence and the World Economy
• Date/series: October 1998
• Press Briefing by Michael Mussa, Economic Counselor and Director Research Department, September 30, 1998
• The Table of Contents provides links to the full text in PDF format and ordering information.
• Related listing: WEO Selected Topics, 1995 - present; World Economic Outlook and Staff Studies for the World Economic Outlook, Selected Topics, 1992–98

Overall structure (major parts and chapters)

• Assumptions and Conventions
• Preface
• Chapter I: Policy Responses to the Current Crisis
  • Financial Market Developments and Risks
  • Asia: Setbacks, but Progress Toward Crisis Resolution
  • Russia's Financial and Payments Crisis
  • Other Emerging Market Countries: Reducing Vulnerabilities
  • The United States, Canada, and the United Kingdom: Striking a Balance in Monetary Policy
  • Euro Area: Prospects and Policy Challenges
  • Systemic Considerations
  • Boxes: 1.1, 1.2
  • Figures: World Industrial Production; World Output and Inflation
• Chapter II: The Crisis in Emerging Markets--and Other Issues in the Current Conjuncture
  • Global Growth and Inflation Outlook
  • The Emerging Markets Crisis: Its Evolution and Spread
  • Prospects for Global Flows of Funds and Current Account Balances
  • Foreign Exchange and Financial Market Developments in the Industrial Countries
  • Inflation Concerns in Advanced Economies
  • Issues Relating to Growth and Inflation in Developing Countries and Countries in Transition
  • Boxes/Analytical Items: 2.1 through 2.5
  • Extensive Tables and Figures (numbered 2.6 through 2.24 and additional tables listing indicators across country groups)
• Chapter III: The Asian Crisis and the Region's Long-Term Growth Performance
  • Sources of East Asia's Growth
  • Efficiency of Investment
  • The Role of Policies and Institutions in Fostering High Growth
  • The East Asian Development Strategy in a Changing Environment
  • Building the Basis for Sustained Recovery and Growth
  • Boxes/Analytical Items: 3.1, 3.2, 3.3 through 3.12 and multiple tables on growth, investment, savings, capital flows, financial structure, and debt
• Chapter IV: Japan's Economic Crisis and Policy Options
  • The Boom-Bust Cycle in Asset Markets
  • Consequences for the Real Economy
  • Role of Macroeconomic Policies
  • Role of Structural Policies
  • Box 4.1 Japan's Liquidity Trap
  • Analytical tables/boxes 4.2 through 4.8 and selected comparative indicators
• Chapter V: Economic Policy Challenges Facing the Euro Area and the External Implications of EMU
  • Economic Policies in the Euro Area
  • The Euro Area and the World Economy
  • Appendix: Economic Policymaking in the EU and Surveillance by EU Institutions
  • Analytical items: 5.1 through 5.12 and indicators including effects of 1 percent higher output in the EMU area on selected developing countries
• Statistical Appendix
  • Assumptions
  • Data and Conventions
  • Classification of Countries
  • Lists of Tables covering Output (Tables 1–7), Inflation (Tables 8–13), Financial Policies (Tables 14–21), Foreign Trade (Tables 22–26), Current Account Transactions (Tables 27–32), Balance of Payments and External Financing (Tables 33–37), External Debt and Debt Service (Tables 38–43), Flow of Funds (Table 44), Medium-Term Baseline Scenario (Tables 45–46)

Key analytical elements and thematic emphases (as listed)

• Policy responses to financial turbulence across regions and systemic considerations
• Detailed treatment of the Asian crisis, its social costs, structural reforms, and prospects for recovery
• Russia's financial and payments crisis and implications for emerging markets
• Monetary policy trade-offs in the United States, Canada, and the United Kingdom
• Japan's asset-market boom-bust, liquidity-trap issues, fiscal and monetary stimulus packages, and structural policy options
• Euro Area policy challenges related to EMU, fiscal orientation under the Stability and Growth Pact, internal and external conversion rates for the euro, and trade/linkage effects
• Extensive empirical support: figures on World Industrial Production, World Output and Inflation; numerous country and regional tables and indicators (including exchange rates, equity prices, interest rates, commodity prices, labor market measures, and fiscal balances)

Selected analytical boxes, figures, and tables (enumerated)

• Boxes: 1.1; 1.2; 2.1–2.5; 3.1–3.2; 4.1; 4.2–4.8; 5.1–5.12
• Figures highlighted: World Industrial Production; World Output and Inflation
• Tables highlighted (by chapter and numbering where given): 2.6–2.24; 3.3–3.12; Chapter V tables and indicators including ECU and Deutsche Mark exchange rates vis-à-vis the U.S. Dollar: Spot and Forward, August 31, 1998
• Statistical Appendix tables: Tables 1–46 organized by topic (Output, Inflation, Financial Policies, Foreign Trade, Current Account, Balance of Payments, External Debt, Flow of Funds, Medium-Term Baseline Scenario)

IMF World Economic Outlook (WEO), Financial Turbulence and the World Economy, October 1998 — Table of Contents

Content in this bundle

• 1098ch1pdf
  • 1098ch1pdf (Markdown version)
  • 1098ch1pdf (PDF)
• 1098ch2pdf
  • 1098ch2pdf (Markdown version)
  • 1098ch2pdf (PDF)
• Box 3.1.Aging in the East Asian Economies: Implications for Government Budgets and Saving Rates
  • Box 3.1.Aging in the East Asian Economies: Implications for Government Budgets and Saving Rates (Markdown version)
  • Box 3.1.Aging in the East Asian Economies: Implications for Government Budgets and Saving Rates (PDF)
• IMF World Economic Outlook, October 1998 -- Chapter IV. Japan’s Economic Crisis and Policy Options
  • IMF World Economic Outlook, October 1998 -- Chapter IV. Japan’s Economic Crisis and Policy Options (Markdown version)
  • IMF World Economic Outlook, October 1998 -- Chapter IV. Japan’s Economic Crisis and Policy Options (PDF)
• 1098ch5pdf
  • 1098ch5pdf (Markdown version)
  • 1098ch5pdf (PDF)
• IMF World Economic Outlook, October 1998 -- Statistical Appendix
  • IMF World Economic Outlook, October 1998 -- Statistical Appendix (Markdown version)
  • IMF World Economic Outlook, October 1998 -- Statistical Appendix (PDF)
• 1098toppdf
  • 1098toppdf (Markdown version)
  • 1098toppdf (PDF)

References

• [Press Briefing by

Michael Mussa, Economic Counselor and Director Research Department](https://www.imf.org/external/np/tr/1998/TR980930.HTM)

• Ordering Information
• Other issues of the World Economic Outlook
• WEO Selected Topics, 1995 - present
• Research at the IMF
• https://www.imf.org/en/publications/weo
• Global Economy in Crosscurrents of War and Technology
• https://www.imf.org/en/publications/gfsr
• Global Financial Markets Confront the War in the Middle East and Amplification Risks
• https://www.imf.org/en/publications/fm
• Fiscal Policy under Pressure: High Debt, Rising Risks
• https://www.imf.org/en/publications/reo
• Asia and Pacific
• Europe
• Middle East and Central Asia
• Sub-Saharan Africa
• Western Hemisphere
• https://www.imf.org/en/publications/areb
• Getting to Growth in an Age of Uncertainty
• https://www.imf.org/en/publications/finance-development
• More Publications