This paper discusses conceptual and operational issues related to regional surveillance for East Asia, which is a topic … that has assumed considerable prominence in recent months. The need for regional surveillance is both immediate and … evolving. For the immediate need, a surveillance mechanism must cover the operational requirements of the Chiang Mai Initiative …

This paper discusses conceptual and operational issues related to regional surveillance for East Asia, which is a topic … that has assumed considerable prominence in recent months. The need for regional surveillance is both immediate and … evolving. For the immediate need, a surveillance mechanism must cover the operational requirements of the Chiang Mai Initiative …

, particularly through the establishment of an Independent Surveillance Unit (ISU). The ISU can provide technical and secretariat …

for East Asia's financial cooperation, including: (i) regional economic surveillance led by the Economic Review and Policy … regional surveillance, formulate independent conditionality associated with crisis lending, and monitor policy and economic …