Macroeconomic Issues Facing ASEAN Countries
This volume, edited by John Hicklin, David Robinson, and Anoop Singh, contains papers prepared for an ASEAN conference held in Jakarta in November 1996. The conference aimed to review the macroeconomic record of the member countries of ASEAN, examine the factors that have contributed to the region's economic success, and identify the policy agenda for sustaining this success into the 21st century.
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Are Current Account Imbalances in ASEAN
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adjustment ANZCERTA ASEAN countries assets Bank Negara Malaysia Bank of Thailand bilateral bloc borrowing broad money capital inflows capital markets changes coefficient cointegrating coun critical value current account deficits decline depreciation direct investment domestic East Asian equilibrium real exchange equity estimated exchange rate policy expenditure export openness external factor shares fiscal policy growth accounting growth rate important income increase Indonesia industrial countries inflation International Monetary Fund issues Japan labor lending LGDP liabilities loans long-run equilibrium real macroeconomic Malaysia MERCOSUR monetary policy money demand narrow money national government NEER output paper percent of GDP Philippines private saving production public debt ratio real exchange rate recent REER region regression relative revenues role saving rates seigniorage shocks significant Singapore solvency Source Southeast Asia Statistics sustainability Table targets TFP growth Thailand tion trend U.S. dollar unit root variables