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The order of financial market reform in Indonesia, which largely preceded real sector liberalization, was unusual as the external capital account was opened prior to domestic financial market reform. ...
This paper discusses the theoretical and policy debate on the crisis in Southeast Asia. After contrasting competing interpretations of the crisis, the paper presents stylized facts about fundamental...
After reviewing the post-World War II evolution of the international financial architecture, this paper presents a critical appraisal of current proposals for reform: limiting capital account conver...
This paper applies the common agency framework and the theory of nonprofit organization to the functioning of international financial institutions (IFIs) such as the IMF, IBRD, and ADB. Webs of intr...
Using an early warning system model, this paper provides empirical evidence on the causes of the 1997 Asian financial crisis, with a view to shedding light on policy lessons. The model shows that ther...
We study the effect of accounting reforms on the quality of accounting information after the 1997 financial crisis in Korea. Using observations of accounting earnings and stock returns over the past ...

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