Fundamental determinants of the Asian crisis / Giancarlo Corsetti, Paolo Pesenti, and Nouriel Roubini -- Lending booms and currency crisis / Aaron Tornell -- Banking lending and contagion / Graciela L. Kaminsky and Carmen M. Reinhart -- Impacts of banks and loans on economic development / Shin-ichi Fukuda -- How were capital inflows stimulated under the dollar peg system? / Eiji Ogawa and Lijian Sun -- Sterilization and the capital inflow problem in East Asia, 1987-97 / Shinji Takagi and Taro Esaka -- Credibility of Hong Kong's currency board / Yum K. Kwan, Francis T. Lui, and Leonard K. Cheng -- How Japanese subsidairies in Asia responded to the regional crisis / Kyoji Fukao -- Social benefits and losses from FDI / Assaf Razin, Efraim Sadka, and Chi-Wa Yuen -- Currency crisis of Korea / Dongchul Cho and Kiseok Hong