This book is one of the first collections to appear on the Asian crisis. It contains a selection of papers from two important conferences on these events which were held in London and Warwick in May and July 1998, respectively. These meetings were organised by collectively by the Centre for Economic Policy Research (CEPR), Credit Suisse First Boston (CSFB), the Economic Development Institute of the World Bank (EDI), the ESRC's Global Economic Institutions (GEI) Programme, and the Centre for the Study of Globalisation and Regionalisation at Warwick University. Taken together the papers included in the volume will represent an attempt to disentangle: (i) the role of "vulnerability" in what happened;(ii) the interconnection between the currency crises and the financial crises; (iii) why currency crisis and financial crisis turned into what has looked like currency and financial collapse; (iv) what needs to be done, subsequent to this collapse; and (v) whether crises can be predicted. See book review also .