Research Discussion Paper – RDP 9805 The Origin of the Asian Financial Turmoil


This paper was commenced while Morris Goldstein was a visiting economist at the Reserve Bank of Australia in late 1997. We thank Luke Willard, Brett Winton and Mark Giancola for their research assistance, and Steve Grenville, other colleagues at the Reserve Bank of Australia, and C. Fred Bergsten and Adam Posen of the IIE for helpful comments on an earlier draft. The views expressed are those of the authors and should not be attributed to the Reserve Bank.


Institute for International Economics, Washington DC [*]

Economic Analysis Department, Reserve Bank of Australia [**]