| II. What brought the Asian Crisis | ||
| A Model of International Capital Flows (Hiroshi Shibuya) ----------------------------- | 42 | |
| Were Capital Inflows to East Asia Unsustainable? Evidence for Three Crisis Countries (Ryuzo Miyao) -------------------------- | 49 | |
| Sterilization and the Capital Inflow Problem in East Asia, 1987-97 (Shinji Takagi, Taro Esaka) ----------------------------------------------------------- | 57 |