Institutionalizing Financial Cooperation in East Asia
Amro and the Future of the Chiang Mai Initiative Multilateralization
Datos Bibliográficos
| ID | 6189318 |
|---|---|
| Autores | William W Grimes (0000-0001-9748-6147, 1 Boston University Frederick S. Pardee School of Global Studies USA Boston), William N Kring (0000-0002-6574-4524, 2 Boston University Global Development Policy Center USA Boston) |
| Año | 2020 |
| Volumen | 26 |
| Número | 3 |
| Páginas | 428-448 |
| Fecha de publicación | 2020-09-17 |
| Peer Reviewed | Sí |
| Open Access | No |
| Tipo | ARTICLE |
| Revista | Global Governance A Review of Multilateralism and International Organizations (JOURNAL) |
| Identificadores de la revista | ISSN: 1075-2846 • E-ISSN: 1942-6720 |
| Editorial | Walter de Gruyter GmbH (PUBLISHER • DE) |
| DOI | 10.1163/19426720-02603005 |
| OpenAlex | W3106701981 |
| Idioma | EN |
| Citas recibidas | 5 |
| Referencias citadas | 8 |
Since the 1997 Asian financial crisis, East Asia’s ASEAN+3 states have built the second-largest regional emergency liquidity fund in the world, the Chiang Mai Initiative Multilateralization (CMIM). With a total commitment of $ 240 billion to aid member states facing a currency crisis, CMIM can provide more funds to members than the International Monetary Fund (IMF). Nonetheless, CMIM continues to be functionally subordinate to IMF decisions. This may now be changing following the 2011 creation of the ASEAN+3 Macroeconomic Research Office (AMRO) as a regional mechanism to manage surveillance and design of CMIM lending programs. The ability to delegate surveillance and program design to an independent body is a crucial prerequisite to ending CMIM’s subordination to the IMF, and AMRO seeks to ensure such autonomy through its institutional design. This article analyzes AMRO’s progress toward autonomy, using indicators of effective delegation drawn from organizational theory and newly available information and data on AMRO
Autonomy · Business · China · Currency · Currency crisis · Delegate · Delegation · East Asia · Economics · Exchange rate · Financial crisis · Financial system · Management · Political science · Global Financial Crisis and Policies · Global Financial Regulation and Crises · International Development and Aid · Law · Finance
Asian Financial Cooperation in the 1990s
East Asian Financial Regionalism in Support of the Global Financial Architecture? The Political Economy of Regional Nesting
Better Than the Euro? The European Monetary System (1979–1998)
The US as ‘Sovereign International Last-Resort Lender’
The future of regional liquidity arrangements in East Asia
Regional Financial Arrangements in the Global Financial Safety Net
East Asian financial regionalism
Regime Complexity and the Institutions of Crisis and Development Finance
| Obras citantes distintas | 5 |
|---|---|
| Citas por año | 0,83 |
| Intervalo de citas | 2020 - 2025 (6) |
| Velocidad de citación | recent |
| Altamente citado | No |
| Tipos de cita | Neutras: 5 |