Macroeconomic Issues Facing ASEAN Countries Bank Indonesia International Monetary Fund J A K A R T A,  N O V E M B E R  7 - 8 ,  1 9 9 6
	Contents

Message from Michel Camdessus, Managing Director, International Monetary Fund

Message from Kunio Saito, Director, Southeast Asia and Pacific Department, International Monetary Fund

Conference Program

Summaries of Background Papers

Overview

Current Account Imbalances in ASEAN Countries

Jonathan D. Ostry

Saving in Southeast Asia and Latin America Compared: Searching for Policy Lessons

Anuradha Dayal-Gulati and Christian Thimann

Indonesia's Fiscal Position: Sustainability Issues

Geoffrey Bascand and Assaf Razin

Philippine Fiscal Policy: Sustainability, Growth, and Savings

Philip Gerson and David Nellor

Financial Liberalization and Money Demand in ASEAN Countries: Implications for Monetary Policy

Robert Dekle and Mahmood Pradhan

Exchange Rate Policy and Macroeconomic Management in ASEAN Countries

Peter J. Montiel

Capital Market Development and Financial Deregulation in Thailand and Malaysia: Implications for Financial Structure and the Monetary Transmission Mechanism

Tim Callen and Patricia Reynolds

The Indonesian Financial System: Its Contribution to Economic Performance, and Key Policy Issues

John D. Montgomery

ASEAN in a Regional Perspective

Jeffrey A. Frankel and Shang-Jin Wei

Growth and Productivity in ASEAN Economies

Michael Sarel

The Policy Response to Rapid Monetization with Application to the Philippines

Mark R. Stone

ASEAN in the World Economy

Flemming Larsen and Jahangir Aziz