Managing Economic Crisis in Southeast Asia

Title Page, Copyright

The Saw Centre for Quantitative Finance was established at the National University of Singapore on 1 December 2003. The Centre is named after a distinguished NUS alumnus Professor Saw Swee-Hock, whose generous endowed gift has enabled the founding of this Centre. The Saw Centre is situated within the vibrant community of the renowned NUS Business School. The Saw Centre’s purpose is to conduct quality research, educational activities and training programmes related to the financial services industry in the Asia Pacific region. With the resources of the university and active contribution from industry professionals, it is a resource centre that will benefit both academics and practitioners. The Institute of Southeast Asian Studies (ISEAS) was established as an autonomous organization in 1968. It is a regional centre dedicated to the study of socio-political, security and economic trends and developments in Southeast Asia and its wider geostrategic and economic environment. The Institute’s research programmes are the Regional Economic Studies (RES, including ASEAN and APEC), Regional Strategic and Political Studies (RSPS), and Regional Social and Cultural Studies (RSCS). ISEAS Publishing, an established academic press, has issued more than 2,000 books and journals. It is the largest scholarly publisher of research about SoutheastAsia from within the region. ISEAS Publishing works with many other academic and trade publishers and distributors to disseminate important research and analyses from and about Southeast Asia to the rest of the world. Edited by SAW SWEE-HOCK Institute of Southeast Asian Studies Singapore First published in Singapore in 2011 by ISEAS Publishing Institute of Southeast Asian Studies 30 Heng Mui Keng Terrace Pasir Panjang Singapore 119614 E-mail: publish@iseas.edu.sg Website: http://bookshop.iseas.edu.sg jointly with Saw Centre for Quantitative Finance NUS Business School National University of Singapore BIZ 2 Building, #04-01 1 Business Link Singapore 117592 All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior permission of the Institute of Southeast Asian Studies.© 2011 Institute of Southeast Asian Studies, Singapore The responsibility for facts and opinions in this publication rests exclusively with the authors and their interpretations do not necessarily reflect the views or the policy of the publishers or their supporters. ISEAS Library Cataloguing-in-Publication Data Managing economic crisis in Southeast Asia / edited by Saw Swee Hock. Papers originally presented at a Conference on Managing Economic Crisis in Southeast Asia, 29 January 2010, Singapore, organized by the National University of Singapore, Saw Centre for Quantitative Finance and Institute of Southeast Asian Studies. 1. Global Financial Crisis, 2008-2009—Congresses. 2. Financial crises—Southeast Asia—Congresses. 3. Southeast Asia—Economic conditions—21st century—Congresses. I. Saw, Swee-Hock, 1931– II. National University of Singapore. III. Saw Centre for Quantitative Finance. IV. Institute of Southeast Asian Studies. V. Conference on Managing Economic Crisis in Southeast Asia (2010 : Singapore) HB3812 C74 2011 ISBN 978-981-4311-23-6 (soft cover) ISBN 978-981-4311-79-3 (hard cover) ISBN 978-981-4311-24-3 (e-book PDF) Typeset by Superskill Graphics Pte Ltd Printed in Singapore by Seng Lee Press Pte Ltd ...