The ADBI-ASEAN Economic Forum on Current Asian Financial Developments

Abstract

This forum was held by the ADB Institute,in collaboration with the ASEAN Economic Forum, at the University of Asia and the Pacific, Manila, on 12 February 1998. Participants from ASEAN countries, Japan, and the Asian Development Bank met to try to arrive at consensus on at least a few, key, common causes of the financial crisis as it affected ASEAN economies. The forum also discussed the validity of the IMF's prescriptions for Thailand and Indonesia, and what the range of alternatives that could be reasonably and realistically considered.