Macroeconomic implications of the Southeast Asian crises / Joseph Lim -- Fluid finance, systemic risk and the IMF's SDRM proposal / C.P. Chandrasekhar, Jayati Ghosh, and Smitha Francis -- The political economy of Indonesia's financial vulnerability / Andrew Rosser -- Deepening or hollowing out, financial liberalization, accumulation, and Indonesia's economic crisis / Jonathan R. Pincus and Rizal Ramli -- Aftermath, structural change and policy innovation after the Thai crisis / Pasuk Phongpaichit and Chris Baker -- Were Malaysia's capital controls effective? / K.S. Jomo -- Malaysia's post-crisis bank restructuring / Chin Kok Fay -- South Korea, the Keynesian recovery and the costs of structural reform / Shin Jang-Sup -- South Korean state capacity, from development to crisis management / M. Mustafa Erdogdu