 |
Macroeconomic Issues Facing ASEAN Countries ©1997 International Monetary Fund |
| CONTENTS | |
| Foreword | |
| Acknowledgments | |
| 1 | Overview |
| John Hicklin, David Robinson, and Anoop Singh | |
| I. | Overall Agenda |
| 2 | Opening Remarks |
| Mar'ie Muhammad | |
| 3 | Sustaining Macroeconomic Performance in the ASEAN Countries |
| Michel Camdessus | |
| II. | Savings, Investment, and the Current Account |
| 4 | Are Current Account Imbalances in ASEAN Countries a Problem? |
| Jonathan D. Ostry | |
| 5 | Indonesia's Fiscal Position: Sustainability Issues |
| Geoffrey Bascand and Assaf Razin | |
| 6 | Philippine Fiscal Policy: Sustainability, Growth, and Savings |
| Philip Gerson and David Nellor | |
| 7 | Saving in Southeast Asia and Latin America Compared: Searching for Policy Lessons |
| Anuradha Dayal-Gulati and Christian Thimann | |
| III. | Monetary Policy, Financial Liberalization, and Capital Market Development |
| 8 | Financial Liberalization and Money Demand in ASEAN Countries: Implications for Monetary Policy |
| Robert Dekle and Mahmood Pradhan | |
| 9 | Capital Market Development and the Monetary Transmission Mechanism in Malaysia and Thailand |
| Tim Callen and Patricia Reynolds | |
| 10 | Indonesian Financial System: Its Contribution to Economic Performance and Key Policy Issues |
| John Montgomery | |
| 11 | Exchange Rate Policy and Macroeconomic Management in ASEAN Countries |
| Peter J. Montiel | |
| IV. | Medium-Term Outlook |
| 12 | ASEAN in the World Economy |
| Flemming Larsen and Jahangir Aziz | |
| 13 | ASEAN in a Regional Perspective |
| Jeffrey A. Frankel and Shang-Jin Wei | |
| 14 | Growth and Productivity in ASEAN Countries |
| Michael Sarel | |
| Conference Program | |
| The following symbols have been used in this book:
. . . to indicate that data are not available;
-between years or months (e.g., 1995-96 or
January-June) to indicate
the years or months covered, including the beginning and ending years or
months; and
/ between years (e.g., 1996/7) to indicate a fiscal
(financial) year.
"Billion" means a thousand million.
Minor discrepancies between constituent figures and totals are due to
rounding.
The term "country," as used in this volume, does not in all cases refer
to a territorial entity that is a state as understood by international
law and practice; the term also covers some territorial entities that are
not states, but for which statistical data are maintained and provided
internationally on a separate and independent basis. |