The Chastening
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INDEX
Aghevli, Bijan
on dealings with Seoul mission
Indonesian mission led by
on IMF’s Indonesia program
on Indonesian currency markets
on interest rates
AIG
Albright, Madeleine
Alexashenko, Sergei
on Russian economic stability
Allison, Herbert
AMF. See Asian Monetary Fund
Argentina
currency board in
Armey, Dick
Arrow, Kenneth
Asian Development Bank
Asian Monetary Fund. See also International Monetary Fund; Sakakibara, Eisuke
Atkinson, Caroline
Bacon, Louis
Bachus III, Spencer
Bangkok Bank of Commerce
Bangkok International Banking Facilities
Bank of America
Bank of England
Bank Indonesia. See also Indonesia
Bank for International Settlements
Bank of Korea. See also Korea
Bank of New York
Bank of Thailand. See also Thailand
Bank of Tokyo
Bank of Tokyo-Mitsubishi
Bankers Trust
Bankrupcy
IMF, Sovereign Debt Restructing Mechanism (SDRM) and
U.S. Treasury, CAC, IMF and
Bear Stearns
Berezovsky, Boris
Berger, Samuel “Sandy,”
BIBF. See Bangkok International Banking Facilities
Bidaya, Thanong
Bier, Amaury
Bimantara Group
Blair, Tony
Blinder, Alan
Blitzer, Charles
Boehne, Edward
Bolivia
Bonds. See also Gosudarstvennye Kratkosrochnye Obligatsii
collective action clauses for
comprehensive contractual approach for
emerging markets and
over-hang issues of
rogue-creditors and
Boorman, Jack
Boorstin, Robert
Bowles, Erskine
Brauning, Roberto
Brazil. See also Plano Real
“bail-in” rejected by
“bail-in” used by
crisis in
currency boards in
economy of
fixed-exchange rate of
floating exchange rates in
hyperinflation in
IMF program for
IMF success for Brazil II for
reserves of
reform of economic system by
Breach, Al
“Bretton Woods system,”
breakdown of
Britain
Browder, William
Buffett, Warren
Bush, George
Bush, George W.
Byeon, Yang Ho
CAC. See Collectie action clauses (CAC)
Camdessus, Brigitte
Camdessus, Michel
on Brazil
career of
Fischer, Stanley, and
on global markets
on hedge funds
on interest rates
on Indonesian economy
Korean economic reform and
Korean negotiations with
Mexican loans approved by
Moscow and
Mussa, Michael, on
Neiss, Hubert, and
Odling-Smee, John, and
Seoul press conference given by
Suharto, President, negotiating with
on Thai crisis
Cardoso, Fernando Henrique
Cayne, James
Cazenave, Florence
CEA. See Council of Economic Advisers
Chaebol
Chakkaphak, Pin
Chase Manhattan
Checki, Terrence
Chernomyrdin, Viktor
Chile
China
Choi, Joong Kyung
Chu, Lily
Chubais, Anatoly
Chung, Duk Koo
Citibank
Citicorp. See Citibank
Citrin, Daniel
on Russian debt
Clinton, Bill
at G-22 meeting
Lewinsky, Monica, and
on IMF strategy
Robert, Rubin, and
Russia and
Sperling, Gene, and
Suharto, President, and
Yeltsin, Boris, and
“The Committee to Save the World,”
Collective action clauses (CAC)
Commerzbank
Comprehensive contractual approach
Contingent Credit Line
Coorey, Sharmini
Corzine, Jon
Council of Economic Advisers
Council on Foreign Relations
Credit Suisse First Boston
Creditors
Crisis of Global Capitalism (Soros)
Crockett, Andrew
Currency boards
Currency, multinational
Cutter, W. Bowman
Daewoo
De Tray, Dennis
Default
Korean
Long-Term Capital Management
Russian
DeLay, Tom
Deutsche Bank
Developing countries
taxation of short term capital by
Dickie, Paul
Djiwandono, Sudradjad
Dodsworth, John
Dooley, Michael
Dornbusch, Rudiger
Djojohadikusumo, Hashim
Dresdner Bank
Druckenmiller, Stanley
Dubinin, Sergei
Ecuador
El Salvador
“Electronic Herd,” the
capital influx support of
crises prevention and
crises caused by
emerging markets and
High Command relations with
High Command control of
IMF abolition and
IMF bankruptcy procedures and concerns of
IMF relations with
IMF truncation and
investment by
Korea and
longhorns (multinationals) v. shorthorns (investors) of
punishment inflicted by
short-term capital and
Ellerman, David
Elliott Associates
Emerging markets
Blinder, Alan, on
bonds
coinage of term
crises in
Electronic Herd and
growth in
history of
optimism towards
private capital in
stocks in
Thailand and
Euro
Exchange-rate system
Federal Op en Market Committee
Federal Reserve. See also High Command; International Monetary Fund; World Bank
crisis fighting efforts of
IMF compared with
interest rates cut by
“lender of last resort” role of
market stress relief by
on global economy
on interest rates
“pricing in” of
Federal Reserve Bank of New York
Feldstein, Martin
Felman, Joshua
Finance One
Fischer, Stanley
on Brazilian crisis
on Brazilian loan package
on devaluation
on exchange rates
on 1995 IMF mission to Korea
on Israel
in Korea
on Korean market reaction to IMF rescue
Korean reform proposed by
Malan, Pedro, and
on Plano Real
on Russia
on Russian loans
role in IMF
on Stiglitz, Joseph
Suharto, President, and
Ter-Minassian, Teresa, and
Thai negotiations with
Wibulswasdi, Chaiyawat, and
youth of
Viravan, Amnuay and
Fisher, Matthew
Fisher, Peter
FOMC and
intelligence-gathering practices of
Long-Term Capital Management and
Folkerts-Landau, David
Fraga, Arminio
France
Franco, Itamar
Frankel, Jeffrey
Friedman, Tom
Fyodorov, Boris
G-7. See Group of Seven
G-7 deputies
economic policy control exercised by
G-7D. See G-7 deputies
Gaddy, Clifford
Gaidar, Yegor
Geithner, Tim
on Brazilian exchange rates
on countries needing IMF help
on IMF funding
General Arrangements to Borrow
Gensler, Gary
George, Eddie
Germany
Gilman, Martin
GKO. See Gosudarstvennye Kratkosrochnye Obligatsii
Global capital markets
Goldman, Sachs
Goldstein, Morris
Gosudarstvennye Kratkosrochnye Obligatsii (GKO)
Greenspan, Alan
on “balance of risks,”
at Bank of International Settlements
Clinton administration and
economic appraisal by
federal fund rate cuts by
Federal Reserve and
on financial markets
on FOMC
on IMF abolition
interest rates and
on “Goldilocks economy,”
on moral hazard
on speeches
Group of Seven
bilateral funding
on Brazil
communique
demands of
disputes within
economic policy control exercised by
finance ministers of
heads of state
IMF criticized by officials of
Indonesian crisis’ effect on
on Russian program
unity of
volatility of currency and
Guatemala
Habibie, B.J.
Halla Group
Hale, David
Hanbo Group
Hanke, Steve
Hanna, Donald
Hanson, James
Harmon, James
Hasan, Bob
Hashimoto, Ryutaro
Hedge funds
High Command
“bail-in” supported by
balance of risks and
on Brazil
crisis management by
definition of
failure of
frustration within
“Electronic Herd” and restraint by
“Electronic Herd” controlled by
Indonesian crisis and
loans supplied by
powers to involve private sector
short-term capital curtained by
Hoenig, Thomas
on inflation
Hokkaido Takushoku Bank
Holbrooke, Richard
Hong Kong
banks
crisis in
IMF-World Bank meeting in
stock market
Hong, Kwan Pyo
Hoover Institution
Hsu, Yuan Dong
Hyundai
Ickes, Barry
IMF. See International Monetary Fund
Indonesia. See also Bank Indonesia
bank closure in
banking sector problems
banks
capital markets in
currency boards in
economic disintegration of
exchange rates of
GDP of
IMF failure to rescue
IMF program for
KKN in
reserves of
resistance to reforms by
World Bank involvement with
Inkombank
Interest rates
bonds and
Brazilian
currency board’s effects on
cutting
Federal Reserve on
IMF on
Indonesian
Japanese
Thai
U.S.
International Monetary Fund. See also Default; High Command; World Bank; U.S. Treasury
abolition of
analysis of successes of
annual meetings of
anti-KKN conditions of
Asia and Pacific Department of
Asian crisis and
Asian exclusion of
Asian involvement with
assistance questioned by
bail-in and
bailouts
bank closure supported by
(Kruger’s) bankruptcy procedure for
(Taylor’s) bankruptcy plan for
Brazilian crisis and
Bretton Woods and
Capital Markets Division of
collective action clauses (CAC) and
Contingent Credit Line (CCL) of
“cooling off” period and
cosmetic v. real architectural changes for
credibility of
as credit union
crisis prevention by
current account crises and
deficiencies of
demystifying the
disclosures to
on economic growth
employees of
European II Department of
Executive Board
executive directors in
failures of
Federal Reserve compared with
financial emergencies and
financial stabilization capacity of
funding bill for
globalization and
hierarchical nature of
Indonesian crisis and
Institute
Interim Committee, on Bretton Woods agreement
internal disagreements at
on interest rates
Korean crisis and
“lender of last resort” role of
Letters of Intent and
loans from
mea culpas issued by
model of operations for
Monetary and Exchange Affairs Department
moral hazard in
negative effects of
“new international financial architecture” and
omniscient image maintained by
performance evaluation of
Policy Development and Review Department of
“Powell Doctrine” packages in
prequalifcation of
programs, definition of
promotion in
quotas of
reforms demanded by
reforms of
resource deployment of
Russian crisis and
salaries at
Sovereign Debt Restructuring Mechanism (SDRM) of
staff missions of
standstills supported by
Stiglitz, Joseph, on
successes of
Thai crisis and
tough love of
training at
truncation of
U.S. assistance from
U.S. Treasury ties with
“virtual economy” dismantlement by
voting procedures in
Western Hemisphere Department, critique of
Wibulswasdi, Chaiyawat, and
Jalichandra, Krikkiat
Japan
banks
economic system in
financial weakness of
keiretsu system in
loans to Thailand
“non-capitalist market economy” in
Jinro
Jones, Alfred Winslow
Jones, Paul Tudor II,
Jordan, Vernon
J.P. Morgan & Co.
J.P. Morgan Securities
Kang, Kyung Shik
Kaminsky, Graciela
Kartasasmita, Ginandjar
Keet, Rhoda
Kenen, Peter
Keynes, John Maynard
Khan, Mohsin
Khodorkovsky, Mikhail
Kia
Kim, Dae Jung “DJ”
Kim, Ki Hwan
“IMF Plus” plan proposed by
Kim, M.P.
Kim, Young Sam
King, Mervyn
Kiriyenko, Sergei
Kittisrikangwan, Paiboon
baht defense by
Kohl, Helmut
Kohlhaussen, Martin
Köhler, Horst
Komansky, David
Korea. See also Bank of Korea
Asian financial contagion and
banks
bond payments of
causes of crisis in
crisis in
debts of
default of
“drain watch” on
economic growth of
economic history of
economic importance of
economic policy overhaul of
economy of
election in
growth of
IMF assistance to
IMF bail-in of
IMF bailout of
IMF demands of
IMF failure to rescue
IMF loans to
IMF negotiations with
IMF success for Korea II for
Japanese loans to
Ministry of Finance and Economy
Neiss, Hubert, negotiations with
reserves of
reform of economic system by
societal fundamentals of
sovereign risk rating of
standstill in
U.S. support of
Kristoff, Sandra
Krueger, Anne
Krugman, Paul
Kuroda, Haruhiko
Labrecque, Thomas
Larosiere, Jacques de
Latin America
capital controls in
depression in
debt crisis in
Lawsuits
Lee, Hoi Chang
Lee, Keun Yung
Lee, Kyung Shik
Lee, Yoon Woo
Lejoindre, Guillaume
Lehman Brothers
Lemierre, Jean
The Lexus and The Olive Tree (Friedman)
Liem, Sioe Liong
Lim, Chang Yuel
Lindgren, Carl-Johan
Lipton, David
education of
in Jakarta
Korean bail-in and
Korean mission led by
Holbrooke, Richard, and
on Neiss, Hubert
in Russia
Sachs, Jeffrey, and
on Suharto
Lissakers, Karin
on IMF’s Indonesia program
on Indonesian monetary policy
Long-Term Capital Management
default of
history of
market strategies of
net worth shrinkage of
rescue of
Russian default and
“shorting equity volatility” in