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International liquidity swaps : is the Chiang Mai initiative pooling reserves efficiently?

Kohlscheen, Emanuel (contributor); … - 2006

Persistent link: https://www.econbiz.de/10003342317

Policy Issues in the Evolving International Monetary System

Taylor, Mark P. - 1992

coordination among the industrial countries serving as nominal anchors for the world economy. It also assesses the operation of … monetary unions and common currency areas. The authors conclude that problems with the world monetary system reflect weaknesses …

Persistent link: https://www.econbiz.de/10014411007

International Liquidity Swaps : Is the Chiang Mai Initiative Efficiently Pooling Reserves?

Kohlscheen, Emanuel; Taylor, Mark P. - 2011

We analyze the network of bilateral liquidity swaps (BSAs) among the ASEAN 3 countries. We find that the network has taken the correlation of capital flows in the region into account, in the sense that countries with lower correlation of reserve growth have engaged in larger BSAs. All else...

Persistent link: https://www.econbiz.de/10014058273