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Financial Safety Nets in Asia : Genesis, Evolution, Adequacy, and Way Forward
Hill, Hal; Menon, Jayant - East Asian Bureau of Economic Research (EABER) - 2012
to rely solely on the International Monetary Fund (IMF) again, the Chiang Mai Initiative (CMI) was created in 2000. When … doubled in size to $240 billion, while the IMF de-linked portion was increased to 30%. A surveillance unit, the Association …-developing financial emergency, it is unlikely that the CMIM will be used even as a complement to the IMF. To serve as a stand-alone option …
Persistent link: https://www.econbiz.de/10011278169
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International Monetary Reform : A Critical Appraisal of Some Proposals
Park, Yung Chul; Wyplosz, Charles - East Asian Bureau of Economic Research (EABER) - 2012
either an international medium of exchange or a reserve currency. The International Monetary Fund (IMF) has changed its …
Persistent link: https://www.econbiz.de/10011278200
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Regional Financial Arrangements and the International Monetary Fund
Eichengreen, Barry - East Asian Bureau of Economic Research (EABER) - 2012
The rise of regional monetary arrangements poses a challenge for the International Monetary Fund (IMF)'s global … surveillance efforts. This paper reviews how the IMF has responded to earlier regional initiatives, from the European Payments …
Persistent link: https://www.econbiz.de/10011278187
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Regional Monetary Cooperation in Latin America
Ocampo, José Antonio; Titelman, Daniel - East Asian Bureau of Economic Research (EABER) - 2012
Latin American has the longest history of regional integration efforts in the developing world. This paper analyzes the experience of regional monetary cooperation in Latin America over the past three decades. This experience has been overall successful but also uneven, both in terms of country...
Persistent link: https://www.econbiz.de/10011278197
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Asia-Latin America Free Trade Agreements : An Instrument for Inter-Regional Liberalization and Integration?
Wignaraja, Ganeshan; Ramizo, Dorothea; Burmeister, Luca - East Asian Bureau of Economic Research (EABER) - 2012
Trade integration and free trade agreement (FTA)-led cooperation between Asia and Latin America has increased since the early 2000s. Using new criteria, this paper examines whether Asia-Latin America FTAs have facilitated market-led integration by liberalizing trade and behind the border...
Persistent link: https://www.econbiz.de/10011278203
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Asian Monetary Integration : A Japanese Perspective
Kawai, Masahiro - East Asian Bureau of Economic Research (EABER) - 2014
This paper discusses Japan’s strategy for Asian monetary integration. It argues that Japan faces three major policy challenges when promoting intraregional exchange rate stability. First, there must be some convergence of exchange rate regimes in East Asia, and the most realistic option is for...
Persistent link: https://www.econbiz.de/10011278166
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Managing Capital Flows in an Economic Community : The Case of ASEAN Capital Account Liberalization
Park, Yung Chul; Takagi, Shinji - East Asian Bureau of Economic Research (EABER) - 2012
The paper uses the emerging Association of Southeast Asian Nations (ASEAN) Economic Community as a motivation to explore the issue of capital flow management in an economic community. Although there is an increasingly shared view that capital flow management measures should be part of the...
Persistent link: https://www.econbiz.de/10011278175
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From a Centralized to a Decentralized Global Economic Architecture : An Overview
Rana, Pradumna B. - East Asian Bureau of Economic Research (EABER) - 2013
This paper argues that calls for a New Bretton Woods system in the aftermath of the global economic crisis—similar to the remarkable 1944 Bretton Woods conference that led to the establishment of various international economic institutions—are unlikely to be answered. The likely...
Persistent link: https://www.econbiz.de/10011278177
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Inadequate Regional Financial Safety Nets Reflect Complacency
Azis, Iwan J. - East Asian Bureau of Economic Research (EABER) - 2013
To the extent that financial contagion from the United States and the euro area crisis has occurred in Asia, this paper focuses on the importance of strengthening the regional financial safety nets. By conjecturing that efforts to prevent and manage a crisis are the essence of providing...
Persistent link: https://www.econbiz.de/10011278181
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Prevention and Resolution of Foreign Exchange Crises in East Asia
Sussangkarn, Chalongphob - East Asian Bureau of Economic Research (EABER) - 2012
This paper discusses mechanisms to prevent and resolve foreign exchange crises in East Asia. Policies and mechanisms at the country level as well as regional and global levels are discussed. Policies at the level of a particular country to prevent foreign exchange crises include the management...
Persistent link: https://www.econbiz.de/10011278184