Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/101192
Authors: 
Sussangkarn, Chalongphob
Year of Publication: 
2012
Series/Report no.: 
ADBI Working Paper Series 363
Abstract: 
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 of short-term foreign currency liabilities, the adequacy of reserves, and managing episodes of rapid short-term capital inflows. The author discusses the development of regional mechanisms for crisis prevention and resolution in conjunction with the global mechanisms, including the Chiang Mai Initiative (CMI) and the Chiang Mai Initiative Multilateralization (CMIM). The author then suggests how the CMIM can evolve into an integrated crisis prevention and resolution mechanism for East Asia.
Subjects: 
foreign exchange crises
east asia
chiang mai initiative
JEL: 
E02
E44
E58
E63
F33
F36
F55
Document Type: 
Working Paper

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