Skip navigation
Skip navigation

Does East Asia have a working financial safety net?

Menon, Jayant; Hill, Hal


Financial safety nets in Asia have come a long way since the Asian financial crisis (AFC) of 1997/1998. With Asian countries not wanting to rely solely on the IMF again, the Chiang Mai Initiative (CMI) was created in 2000. When the CMI also proved inadequate following the global financial crisis, it was first multilateralized (CMIM), and then doubled in size to US$240bn, while the IMF de-linked portion was increased to 30 percent of the available country quotas. A surveillance unit, the ASEAN+3...[Show more]

CollectionsANU Research Publications
Date published: 2014
Type: Journal article
Source: Asian Economic Journal
DOI: 10.1111/asej.12022


File Description SizeFormat Image
01_Menon_Does_East_Asia_have_a_working_2014.pdf107.18 kBAdobe PDF    Request a copy

Items in Open Research are protected by copyright, with all rights reserved, unless otherwise indicated.

Updated:  19 May 2020/ Responsible Officer:  University Librarian/ Page Contact:  Library Systems & Web Coordinator