This paper presents a central banker's perspective on the Asian crisis. Central banks have two core missions: the pursuit of monetary policy to achieve broad macroeconomic objectives and the maintenance of financial stability, including the management of financial crises. The management of...

I: Theory and Evidence -- Tax Rates, Factor Employment, and Market Production -- An Econometric Model Incorporating the Supply-Side Effects of Economic Policy -- Thoughts on the Laffer Curve -- Discussion of the Evans Paper -- Discussion of the Evans Paper -- II: Saving and Investment -- The...