ROBERT J. BARRO Department of Economics, Harvard University, USAELÉONORE BOISCUVIER Institut Univérsitaire de LuxembourgOLARN CHAIPRAVAT Fiscal Policy Research Institute, Thailand BARRY EICHENGREEN Department of Economics, University of California, Berkeley, USAJEFFREY A. FRANKEL Kennedy School of Government, Harvard University, USAERIC GIRARDIN CEDERS, Universite de la Mediterranee, Aix-Marseille II, FranceTAKATOSHI ITO Research Center for Advanced Science & TechnologyUniversity of Tokyo, JapanJONG-WHA LEE Department of Economics, Korea University, Republic of KoreaRONALD MCKINNON Department of Economics, Stanford University, USAPETER MONTIEL Department of Economics, Williams College, USAEIJI OGAWA Graduate School of Commerce and Management, Hitotsubashi University, JapanYUNG-CHUL PARK Department of Economics, Korea University, Republic of KoreaRAMKISHEN RAJAN Centre for International Economic Studies, University of Adelaide, Australia YURI N. SASAKI Department of Economics, Meiji Gakuin University, JapanKWANHO SHIN Department of Economics, Korea University, Republic of KoreaREZA SIREGAR School of Economics, University of Adelaide, AustraliaALFRED STEINHERR European Investment Bank, LuxembourgYUNJONG WANG Korea Insitute for International Policy, Republic of KoreaWING THYE WOO Department of Economics, University of California, Davis, USACHARLES WYPLOSZ Graduate Institute of International Studies and ICMB, Switzerland