1
Partially sponsored by the Office of Emerging Markets, Economic Growth Center,
Bureau for Global Programs, Field Support and Research, U.S. Agency for International
Development under the Consulting Assistance on Economic Reform (CAER) II Project (Contract
PCE-Q-00-95-00016-00, Delivery Order no. 16, "Next Steps in the Asian Financial Crisis").
The views and interpretations in this paper are those of the authors and should not be attributed to
USAID.