Using a VAR approach, this paper studies the relationship between money, output, and prices in a group of Pacific Basin countries that underwent financial secto

An IMF paper reviewing the policy responses of Indonesia, Korea and Thailand to the 1997 Asian crisis, comparing the actions of these three countries with those

This paper analyses issues for developing countries with structurally sound balance of payments that are considering a move to full currency convertibility. The

Policymakers in countries undergoing banking crises should not worry about the structural stability of money demand functions; the behavior of money demand duri