This is a list of sources on the Asian Financial Crisis. They are meant to represent the opinions of government and other officials and those of officers in businesses that operate in Asia. There are few analytical papers. See the links under Sources for those.
If you don't find what you want on this site, try these two. They are the best of all the others. We all do something different.
Kar-yiu Wong and his students have also assembled a series of country reports and chronologies of the Asian crisis. And there is a manuscript on the Asian crisis in 3 parts in .pdf format available for downloading.
Japan's Measures to address Asian Economic Crisis
Japan's Assistance to Asia (including 'New Miyazawa Initiative')
Council on Customs, Tariff, Foreign Exchange and Other Transactions. Lessons from the Asian Currency Crises -Risks Related to Short-Term Capital Movement and the "21st Century-Type" Currency Crisis-, May 19, 1998
News Releases, particularly, NR98-03: Extending Help in the Asian Currency Crisis -- Summary of JEXIM Operations during Fiscal 1997 --. News Release May 7, 1998. and NR99-09: Support Continues to Crisis-Affected Asia -- JEXIM Operations during Fiscal 1998 -- Release May 21, 1999.
The speeches by officials of the Hong Kong Monetary Authority are also good sources.
Of particular interest are:
21 Aug 2000 "Banking in Hong Kong after the Crisis" by David Carse, Deputy Chief Executive, Hong Kong Monetary Authority (Speech at Luncheon Meeting of the Ginyukai)
17 Dec 1999 "Opening Remarks" by Joseph Yam, JP, Chief Executive, Hong Kong Monetary Authority (Speech at Hong Kong Institute for Monetary Research Conference on Currency Arrangements in Asia: Post-Crisis Issues)
28 Sep 1999 "Hong Kong: From Crisis to Recovery" by Joseph Yam, JP, Chief Executive, Hong Kong Monetary Authority, (Speech at HKMA Luncheon, London)
16 Jun 1999 "Hong Kong and Asia: From Crisis to Opportunity" by Joseph Yam, JP, Chief Executive, Hong Kong Monetary Authority (Speech at Hong Kong and Asia: Strategies for Recovery: Sixth Annual Far Eastern Economic Review Conference)
5 Jun 1999 "Asia at the Crossroads: Rising to the Challenges of Reform" by David Carse, Deputy Chief Executive, Hong Kong Monetary Authority (Speech at the Harvard Project for Asian and International Relations (HPAIR) '99 Conference Shangri-La Hotel, Kowloon)
17 May 1999 "The Present Stance of Monetary Policy in Hong Kong" by Tony Latter, Deputy Chief Executive, Hong Kong Monetary Authority (Speech at CLSA Investors' Forum 1999, Hong Kong Grand Hyatt Hotel, 17-21 May)
14 May 1999 "Sustainability of Monetary and Exchange Rate Policies" by Joseph Yam, JP, Chief Executive, Hong Kong Monetary Authority (Speech at Leading the Way Towards Sustainable Growth Presented by The Monetary and Foreign Exchange Authority of Macau)
5 May 1999 "Credit Risk During the Asian Crisis" by David Carse, Deputy Chief Executive, Hong Kong Monetary Authority (Speech at Asian International Conference & Trade Credit Workshop JW Marriott Hotel, Hong Kong)
2 May 1999 "Building Financial Stability: From Regional to International Co-operation" by Joseph Yam, JP, Chief Executive, Hong Kong Monetary Authority (Speech at ADB-IIF Forum on Regional Monetary and Financial Co-operation)
26 Apr 1999 "An Overview from Hong Kong" by Tony Latter, Deputy Chief Executive, Hong Kong Monetary Authority (Speech at Asian Financial Markets Conference, 26-27 April 1999 The Grand Hyatt, Hong Kong)
26 Mar 1999 "International Capital Flows and Free Markets" by Joseph Yam, JP, Chief Executive, Hong Kong Monetary Authority (Speech at Credit Suisse First Boston Asian Investment Conference)
5 Jan 1999 "Causes of and Solutions to the Recent Financial Turmoil in the Asian Region" by Joseph Yam, JP, Chief Executive, Hong Kong Monetary Authority (Speech at A Symposium in Commemoration of 50 Years of Central Banking in the Philippines organised by the Bangko Sentral ng Pilipinas, Manila)
8 Dec 1998 "Reflections on the Global Financial Landscape" by Joseph Yam, JP, Chief Executive, Hong Kong Monetary Authority (Speech at Lecture at the Institut Etudes Bancaires et Financiere, Paris)
23 Nov 1998 "Coping with Financial Turmoil" by Joseph Yam, JP, Chief Executive, Hong Kong Monetary Authority (Speech at "Inside Asia Lecture 1998", organised by The Australian, Sydney)
14 Oct 1998 "Defending Hong Kong's Monetary Stability" by Joseph Yam, JP, Chief Executive, Hong Kong Monetary Authority (Speech at TDC Networking Luncheon, Singapore)
24 Aug 1998 "Intervention True to Guiding Policy" by Joseph Yam, Chief Executive, Hong Kong Monetary Authority (Published in South China Morning Post on 24 August 1998)
20 Aug 1998 "Why We Intervened" by Joseph Yam, Chief Executive, Hong Kong Monetary Authority (Published in The Asian Wall Street Journal on 20 August 1998)
17 Aug 1998 "Currency Manipulation is Exacerbating Hong Kong's Pain" by Joseph Yam, Chief Executive, Hong Kong Monetary Authority (Published in Financial Times on 17 August 1998)
28 May 1998 "The Impact of the Asian Crisis on the Hong Kong Banking Sector" by David Carse, Deputy Chief Executive, Hong Kong Monetary Authority (Speech at Sixth Conference on Pacific Basin Business, Economics and Finance, Hong Kong)
25 May 1998 "A Banking Supervisor's Perspective on Control Issues in Financial Institutions" by David Carse, Deputy Chief Executive, Hong Kong Monetary Authority (Speech at BanComp '98, Hong Kong)
28 Apr 1998 "The Crisis of Money in the 21st Century" by Andrew Sheng, Deputy Chief Executive, Hong Kong Monetary Authority (Speech at City University of Hong Kong Guest Lecture, Hong Kong)
27 Mar 1998 "Hong Kong Banking Supervision: Lessons from the Region" by David Carse (Deputy Chief Executive, Hong Kong Monetary Authority), (Speech at Asian Investment Conference "Asia: Meeting the Challenge", Hong Kong)
11 Mar 1998 "Eye of the Storm" by Joseph Yam (Chief Executive, Hong Kong Monetary Authority), (Speech at Hong Kong Economic and Trade Office and British Invisibles Seminar, London)
3 Mar 1998 "The Hong Kong Dollar Link" by Joseph Yam (Chief Executive, Hong Kong Monetary Authority), (Speech at Hong Kong Trade Development Council Financial Roadshow in Tokyo)
4 Dec 1997 "The Hong Kong Dollar Post-July 1997" by Norman T.L. Chan (Deputy Chief Executive, Hong Kong Monetary Authority), (Speech at Hong Kong Business Summit '97 organised by The Hong Kong General Chamber of Commerce)
2 Dec 1997 "Financial Turmoil in Asia" by Joseph Yam, JP (Chief Executive of The Hong Kong Monetary Authority), (Speech at Euromoney Asia Pacific Issuers and Investors Forum)
17 Nov 1997 "Asset Prices, Capital Flows and Risk Management" by Andrew Sheng (Deputy Chief Executive of The Hong Kong Monetary Authority), (Speech at Asian Securities Analysts Federation Conference 1997(ASAF `97))
Address to the Board of Governors Speech by President Mitsuo Sato Asian Development Bank, 29 April 1998, Geneva, Switzerland Discusses the Asian currency turmoil, the ADB's response to the Asian currency crisis, and the ADB's role in the changing environment.
Asia's Economic Outlook And The Role Of The ADB, Remarks By Pierre Uhel, Vice President (Finance And Administration) Asian Development Bank. Madrid, 10 December 1997, Barcelona, 12 December 1997. Discusses challenges facing the region, the ADB's role, and resources in the current financial crisis.
All of Prime Minister Mahathir's speeches may be found on his home page. Some of the most pertinent are:
"Future of Asia in a Globalised and Deregulated World", Speech by Prime Minister of Malaysia Dato Seri Dr. Mahathir Bin Mohamad, Tokyo, Japan, 04/06/1998, to the the Nihon Keizei Shimbun international conference on 'the Future of Asia'.
"Revitalisation of Japanese and East Asian Economies", Speech by Prime Minister of Malaysia Dato Seri Dr. Mahathir Bin Mohamad, Tokyo, Japan, 02/06/1998, to the Fifth Symposium of the Institute for International Monetary Affairs.
Prime Minister of Malaysia Dato Seri Dr. Mahathir Bin Mohamad, at the Putra World Trade Centre, Kuala Lumpur, 28/05/1998, to the Harvard Project for Asian and International Relations Conference 1998 Talks about world capitalism, market forces, democracy, Asian values.
Speech by the Prime Minister of Malaysia Dato Seri Dr. Mahathir Bin Mohamad to the opening ceremony of the meetings of the finance ministers of ASEAN AND ASEAN plus Six and the Conference on Financial Initiatives for the 21st Century at the Putra World Trade Centre, Kuala Lumpur, 01/12/1997, Discusses the Asian financial crisis, the role of currency traders, etc.
A New Framework for Enhanced Asian Regional Cooperation to Promote Financial Stability. Meeting of Asian finance and central bank deputies, agreed summary of discussions, Manila, Philippines, 18-19 November 1997.
Currency Turmoil in Asia: the strategic impact Remarks BY His Excellency Dr. Surin Pitsuwan Minister of Foreign Affairs of Thailand At the Asia Pacific Roundtable Kuala Lumpur, Malaysia 1 June 1998.
Thailand's Foreign Policy During the Economic and Social Crises Keynote address by H.E. Dr. Surin Pitsuwan Minister of Foreign Affairs of Thailand at the Seminar in Commemoration of the 49th Anniversary of the Faculty of Political Science, Thammasat University June 12, 1998.
You may also find something in the publications of the Bank of Thailand
Monetary Authority of Singapore. Economic Research & Resource MAS Occasional Papers
Paper No. 21, Dec 2000. Kicking the Habit and Turning Over A New Leaf: Monetary Policy in East Asia After the Currency Crisis
Paper No. 19, Feb 2000 Exchange Rate Policy in East Asia After The Fall: How Much Have Things Changed?
Paper No. 13, May 1999 How Well Did The Forward Market Anticipate The Asian Currency Crisis: The Case Of Four ASEAN Currencies
Paper No. 8, October 1998. The Impact of the Asian Crisis on China: An Assessment
News Brief: IMF Acting Managing Director Welcomes New Japanese Banking Initiatives - July 2, 1998
The IMF's Role in Today's Globalized World -- Address by MichelCamdessus - Frankfurt, Germany, July 2, 1998
Globalization, Lessons from the Asian Crisis and Central Bank Policies -- Remarks by Alassane Ouattara - Ottawa, June 23, 1998
From the Asian Crisis Toward a New Global Architecture -- Address by Michel Camdessus - Strasbourg, France, June 23, 1998
The Asian Crisis and Implications for Other Economies - Address by Stanley Fischer - Sao Paulo, Brazil, June 19, 1998
News Brief: IMF Executive Board Completes Third Review of Thailand's Economic Program; Next Loan Tranche Released - June 10, 1998
News Brief: IMF Management Strongly Welcomes Indonesian Debt Agreements - June 4, 1998
Toward a New Financial Architecture for a Globalized World -- Address by Michel Camdessus - London, May 8, 1998
Australia and Asia in the Global Economy--Address by Michel Camdessus - Melbourne, Australia, May 5, 1998
News Brief: IMF Executive Board Completes First Review of Indonesia's Economic Program - May 4, 1998
IMF Press Briefing on First Review of Indonesia's Economic Program - May 4, 1998
The Asian Crisis: Origins and Lessons--Address by Alassane D. Ouattara - Fez, May 4, 1998
Press Information Notice: IMF Concludes Article IV Consultation with Malaysia - April 27, 1998
Managing Director's Statement to the Interim Committee on Issues Relating to the World Economic Outlook, Including the Causes and Effects of the Asian Crisis - Washington, D.C. - April 16, 1998
IMF Press Conference on the World Economic Outlook - April 13, 1998
News Brief: IMF Concludes Discussions with Indonesia - April 8, 1998
Transcript of Press Conference by Stanley Fischer - April 8, 1998
The Asian Crisis, the IMF, and the Japanese Economy - Tokyo, Japan, April 8, 1998
Is The Asian Crisis Over? - Address by Michel Camdessus - Washington, D.C. - April 2, 1998
Press Release: IMF Approves Stand-By Credit for the Philippines - March 27, 1998
News Brief: Camdessus Welcomes Malaysia's New Package of Economic Measures - March 25, 1998
News Brief: IMF's Neiss Welcomes Indonesian Interest Rate Decision - March 23, 1998
Enhancing Global Economic Security--Address by Alassane D. Ouattara - Monaco, March 21, 1998
The IMF and the Asian Crisis - Address by Stanley Fischer - Los Angeles, March 20, 1998
Reflections on the IMF and the International Monetary System Address by Michel Camdessus - Washington, D.C., March 12, 1998
The Asian Crisis and the World Economy--Address by Alassane D. Ouattara - Kingston, Jamaica, March 6, 1998
News Brief: IMF Executive Board Completes Second Review of Thailand's Economic Program - March 4, 1998
The Role of the IMF: Past, Present, and Future--Remarks by Michel Camdessus - Washington, D. C., February 13, 1998
Reflections on the Crisis in Asia--Address byMichel Camdessus - Caracas, Venezuela, February 7, 1998
Press Release: Board of Governors Approves IMF Quota Increase - February 6, 1998
The IMF and its Programs in Asia--Remarks by Michel Camdessus - New York, February 6, 1998
Economic Crises in Asia--Address by Shigemitsu Sugisaki - Harvard Business School, January 30, 1998
News Brief: Camdessus Welcomes Indonesia's Measures - January 26, 1998
News Brief: Camdessus says Thailand has Made Impressive Progress in Implementing its Economic Program - January 23, 1998
The Asian Crisis: A View from the IMF--Address by Stanley Fischer - Washington, D.C., January 22, 1998
Korea's Economic Adjustments Under the IMF-supported Program--Presentation by Kunio Saito - Sogan University/Korea Economic Daily Conference, January 21, 1998
News Brief: Statement by the Managing Director on the IMF Program with Indonesia - January 15, 1998
News Brief: IMF Team to Visit Indonesia to Assess Developments - January 8, 1998
Second-Generation Strategies for Reform for China by Joseph Stiglitz, Senior Vice President and Chief Economist, The World Bank. July 20, 1998.
Road to Recovery; Restoring growth in the region could be a long and difficult process by Joseph Stiglitz, Senior Vice President and Chief Economist, The World Bank. First published in the July 17, 1998 issue of Asiaweek.
Speech at the International Herald Tribune Summit, by Jean-Michel Severino, Vice President, East Asia and the Pacific, The World Bank, Melbourne, Australia, June 16, 1998.
The World Needs a Strong and Internationally Active Japan James D. Wolfensohn, World Bank President, June 10, 1998.
The East Asian Crisis: Origins, Policy Challenges, and Prospects by Javad K. Shirazi, Regional Manager, East Asia and the Pacific, The World Bank. Featured Presentation at The National Bureau of Asian Research and The Strategic Studies Institute's Conference "East Asia in Crisis", Seattle, June 10, 1998.
Remarks at the Economic Strategy Institute's Seventh International Trade Conference, "Whither Globalism: A World in Crisis?" James D. Wolfensohn, World Bank President, May 6, 1998. Placing blame on the bankers for lending money. Calls them "dumb decisions".
Transcript of Address to the Overseas Development Council Conference on Asia's Coming Explosion by James D. Wolfensohn, President, The World Bank, Washington, D.C., March 19, 1998.
The Role of International Financial Institutions in the Current Global Economy Address to the Chicago Council on Foreign Relations, by Joseph Stiglitz, Senior Vice President and Chief Economist, The World Bank, Chicago, February 27, 1998.
The East Asia Crisis and the Role of the World Bank Statement to the Bretton Woods Committee, by Sven Sandstrøm, Managing Director, The World Bank, Washington, D.C., February 13, 1998.
Responding to the Crisis: Backing East Asia's social and financial reforms Press conference with Jean-Michel Severino and Masood Ahmed, The World Bank, Washington, DC, January 27, 1998.
Asian Financial Crisis: Broader Implications. Under Secretary Eizenstat, Washington, DC (2/24/98)
Remarks to Bretton Woods Committee. Secretary Albright, Washington, DC (2/13/98)
Remarks Before the Japan American Society of Washington. Under Secretary Eizenstat, Washington, DC (2/11/98)
Asian Financial Crisis. Under Secretary Eizenstat, Washington, DC (2/4/98)
The Economic Crisis in Asia. Op-ed article by Secretary Albright for Diario Las Americas, Miami, Florida (2/1/98)
Remarks Prior to U.S.-Thai Bilateral Meeting. Secretary Albright and Thai Finance Minister Tarrin, Washington, DC (1/21/98)
RR-2309: March 19, 1998 "Opportunities Out of Crises: Lessons From Asia,", Remarks by Deputy Treasury Secretary Lawrence H. Summers to the Overseas Development Council.
RR-2286: March 9, 1998, Deputy Secretary Summers remarks before the International Monetary Fund
RR-2269: March 3, 1998, Treasury Secretary Robert E. Rubin Senate Appropriations Subcommittee on Foreign Operations To discuss funding for the International Monetary Fund in the context of U.S . leadership in the global economy and the situation in Asia.
RR-2217: February 11, 1998, "Emerging From Crisis: the Beginnings of a New Asia" Remarks by Lawrence H. Summers, Deputy Secretary of the Treasury, Economic Strategy Institute.
Monetary Policy Testimony and Report to the Congress Testimony of Alan Greenspan Chairman, Board of Governors of the Federal Reserve System Before the Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate July 21, 1998. Humphrey-Hawkins testimony. Discusses current state of affairs in Asia and effect on US economy.
Testimony of Chairman Alan Greenspan Before the Joint Economic Committee, U.S. Congress June 10, 1998.
Testimony of Chairman Alan Greenspan Before the Committee on Foreign Relations, U.S. Senate February 12, 1998
Testimony of Chairman Alan Greenspan Before the Committee on Banking and Financial Services, U.S. House of Representatives November 13, 1997. Discusses the origins of the crisis.
PB98-02; Asia's Financial Crisis: Lessons and Policy Responses July 1998; Ramon Moreno, Gloria Pasadilla, and Eli Remolona
PB98-01; Korean Banks' Responses to the Strengthening of Capital
Adequacy Requirements March 1998; Inwon Song
PB97-07; On the Won: and Other East Asian Currencies October 1997; Menzie David Chinn
PB97-06; The Usual Suspects? Productivity and Demand Shocks and Asia-Pacific Real Exchange Rates June 1997; Menzie David Chinn
PB97-05; Monetary Policy in a Changing Financial Environment - Searching for an Efficient Monetary Policy Framework in Korea June 1997; Chiho Kim
Could Russia Have Learned from China? Number 98-26; September 4, 1998; Kenneth Kasa (Pacific Basin Notes)
How Do Currency Crises Spread? Number 98-25; August 28, 1998; Reuven Glick and Andrew K. Rose (Pacific Basin Notes)
What Caused East Asia's Financial Crisis? Number 98-24; August 7, 1998; Ramon Moreno (Pacific Basin Notes)
Long-run Determinants of East Asian Real Exchange Rates Number 98-11; April 10, 1998; Menzie David Chinn (Pacific Basin Notes)
East Asia's Effect on the Twelfth District Number 98-10; March 27, 1998; Mary Daly (Pacific Basin Notes)
A Currency Board for Indonesia? Number 98-09; March 20, 1998; Mark M. Speigel (Pacific Basin Notes)
Export Competition and Contagious Currency Crises Number 98-01; January 16, 1998; Chan Huh, Kenneth Kasa
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