Contributors from member organizations of the Tokyo Club discuss the topics "Reflections on the Economies of three major Western Players,"; "Assessment and Responses to financial turmoil,"; "In search of an exchange rate regime,"; and "Managing Risks in an integrating World Financial System." Members of the Tokyo Club include the Brookings Institution (USA), IFO-Institut Fur Wirtschaftsforschung (Germany), Institut Francais des Relations Internationales (France), The Royal Institute of International Affairs (UK), and Nomura Research Institute, Ltd. (Japan).

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