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 …

either an international medium of exchange or a reserve currency. The International Monetary Fund (IMF) has changed its …

The paper examines the recent European crisis management programs of the International Monetary Fund (IMF) to see how … the way the IMF does its business, Asia appears to remain unengaged. The lesson Asia should draw from Europe is that it … should build a strong regional institution to complement, and catalyze the involvement of, the IMF. Only then can the lessons …

well as the amounts of liquid and illiquid external debt. The equilibrium values of these variables depend on the amount of … foreign exchange reserves. A rise in foreign exchange reserves increases both liquid and total debt, while shortening debt … Table. The cross-country evidence shows that an increase in foreign exchange reserves raises external debt outstanding and …

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 …