Macroeconomic Linkage

Introduction
Takatoshi Ito and Anne O. Krueger

1 International Growth Linkages: Evidence from Asia and the OECD
John F. Helliwell

Comment:
Shin-ichi Fukuda

2 On Recent Movements of Japanese Current Accounts and Capital Flows
Takatoshi Ito

Comment:
Naohiro Yashiro

Comment:
Maria S. Gochoco

3 Perspectives on Korea’s External Adjustment: Comparison with Japan and Taiwan
Bon Ho Koo and Won-Am Park

Comment:
Bih Jane Liu

Comment:
Hiroo Taguchi

4 The Effects of NT Dollar Variations on Taiwan’s Trade Flows
San Gee

Comment: Hideki Funatsu and Chong-Hyun Nam

5 Capital Mobility in Korea since the Early 1980s: Comparison with Japan and Taiwan
Sung Hee Jwa

Comment:
Kazuo Ueda and Pochih Chen

6 An Asian Capital Crunch? Implications for East Asia of a Global Capital Shortage
Rachel McCulloch

Comment:
Chong-Hyun Nam and Kazumi Asako

7 Money, Output, Exhange Rate, and Price: The Case of Taiwan

Chung-Shu Wu and Jin-Lung Lin

Comment:
Maria S. Gochoco

8 Endogenous Exchange Rate Fluctuations under the Flexible
Exchange Rate Regime Shin-ichi Fukuda

Comment:
Michihiro Ohyama and Shang-Jin Wei

9 Export Structure and Exchange Rate Variation in Taiwan: A Comparison with Japan and the United States
Pochih Chen, Chi Schive, and Cheng Chung Chu

Comment:
Rachel McCulloch and Shin-ichi Fukuda

10 Cost Externality and Exhange Rate Pass-Through: Some Evidence from Taiwan
Bih Jane Liu

Comment:
Won-Am Park and Serguey Braguinsky

11 Tariffs, Quotas, and Inventory Adjustment
Kazumi Asako and Yoshiyasu Ono

Comment:
Kazuo Nishimura

Comment:
John F. Helliwell

12 Yen Bloc or Dollar Bloc? Exchange Rate Policies of the East Asian Economies
Jeffrey A. Frankel and Shang-Jin Wei

Comment:
Koichi Hamada

Comment:
Sung Hee-Jwa

13 On the Internationalization of the Japanese Yen
Hiroo Taguchi

Comment:
Kazuo Uedo

Comment:
Anne O. Krueger

14 Economic Preconditions for Asian Regional Integration

Junichi Goto and Koichi Hamada

Comment:
Masao Satake

Comment:
Toshiaki Tachibanaki