Malaysia

Project Directors: Martin Feldstein and Jeffrey Frankel
Jeffrey Frankel, Dani Rodrik, and Wing Thye Woo, Program Organizers

THURSDAY FEBRUARY 15:

6:30 PM RECEPTION AND DINNER: Royal Sonesta Hotel

FRIDAY FEBRUARY 16:

8:45 AM CONTINENTAL BREAKFAST

9:00 AM OFFICIAL WELCOME

9:15 AM BACKGROUND: MALAYSIA BEFORE MID-1997

Chair: JEFFREY FRANKEL, Harvard University and NBER

Panelists: JOMO KWAME SUNDARAM, University of Malaya

DWIGHT PERKINS, Harvard University

HOMI KHARAS, World Bank

WING THYE WOO, UC, Davis

10:45 AM BREAK

11:00 AM CONTAGION: JULY 1997 TO AUGUST 1998

Chair: WING THYE WOO, UC, Davis

Panelists: LIN SEE YAN, LIN Associates

ANOOP SINGH, International Monetary Fund

EDWIN TRUMAN, Institute for International Economics
Formerly US Treasury and Federal Reserve

12:30 PM LUNCH

1:45 PM CONTROLS: THE IMPOSITION OF CONTROLS ON CAPITAL OUTFLOWS IN SEPTEMBER 1998

Chair: MARTIN FELDSTEIN, Harvard University and NBER

Panelists:

NOR MOHD YAKOP, The Prime Minister's Department

DANI RODRIK, Harvard University and NBER

CAROLINE ATKINSON, Council on Foreign Relations
Formerly US Treasury

TAKATOSHI ITO, Ministry of Finance, Japan and NBER

YUNG CHUL PARK, Korea University

3:15 PM BREAK

3:30 PM AFTERMATH: 1999-2000 AND CURRENT OUTLOOK

Chair: DANI RODRIK, Harvard University and NBER

Panelists: YUSUKE HORIGUCHI, International Monetary Fund

ANGUS ARMSTRONG, MIT

DAVID MALPASS, Bear Sterns Co., Inc.

PETER GARBER, DeutscheBank Morgan Grenfell

5:00 PM ADJOURN

BACKGROUND MATERIALS:

SIMON JOHNSON, MIT

TODD MITTON, Brigham Young University

Who Gains from Capital Controls? Evidence from Malaysia

DANI RODRIK, Harvard University and NBER

ETHAN KAPLAN, Harvard University

Did the Malaysian Capital Controls Work?

DWIGHT PERKINS, Harvard University

WING THYE WOO, UC, Davis

Malaysia: Adjusting to Deep Integration with the World Economy

"The Asian Financial Crisis: Lessons for a Resilient Asia", Wing Thye Woo, Jeffrey D. Sachs, and Klaus Schwab (ed), MIT Press, 2000

RUDIGER DORNBUSCH, MIT and NBER

Malaysia and Crisis: What Was Different?

JOMO KWAME SUNDARAM, University of Malaya

Capital Controls

"Malaysian Eclipse: Economic Crisis and Recovery", Jomo K.S. (ed), Zed Books, London 2001

YUNG CHUL PARK, Korea University

A Post Paradigm of Development for East Asia: Governance, Markets, and Institutions

MAHATHIR MOHAMAD, Prime Minister of Malaysia

The Malaysian Currency Crises: How and Why it Happened

Mahathir Mohamad(ed), Pelanduk Publications, Malaysia 2000

1/19/01