Hill, Hal; Menon, Jayant - Crawford School of Public Policy, Australian National … - 2012
rely solely on the International Monetary Fund (IMF) again, the Chiang Mai Initiative (CMI) was created in 2000. When the … doubled in size to US$240 billion, while the IMF de-linked portion was increased to 30% of the available country quotas. A … complement to the IMF. To serve as a stand-alone option, however, its size or the IMF de-linked portion of funds needs to be …