Comments on Toward an Asian Monetary Fund: Ideas for Transition

Abstract

June 01 2020 Comments on Toward an Asian Monetary Fund: Ideas for Transition Author and Article Information Online Issn: 1536-0083 Print Issn: 1535-3516 © 2020 by the Asian Economic Panel and the Massachusetts Institute of Technology2020Asian Economic Panel and the Massachusetts Institute of Technology Asian Economic Papers (2020) 19 (2): 78–80. https://doi.org/10.1162/asep_a_00758 Cite Icon Cite Permissions Share Icon Share Facebook Twitter LinkedIn MailTo Views Icon Views Article contents Figures & tables Video Audio Supplementary Data Peer Review Search Site Citation Comments on Toward an Asian Monetary Fund: Ideas for Transition. Asian Economic Papers 2020; 19 (2): 78–80. doi: https://doi.org/10.1162/asep_a_00758 Download citation file: Ris (Zotero) Reference Manager EasyBib Bookends Mendeley Papers EndNote RefWorks BibTex toolbar search Search Dropdown Menu toolbar search search input Search input auto suggest filter your search All ContentAll JournalsAsian Economic Papers Search Advanced Search Helmut Wagner, University of Hagen and Center for East Asia Macroeconomic Studies: This is a well-written paper with a clear message: Asia is special. Asia has gained in economic importance. Asia is not adequately reflected in the actions and quota regulations of international financial organizations. Therefore, Asia needs better financial arrangements of its own to protect itself from possible future financial crises. This in turn means that it should decouple itself from the West / IMF (at least in the medium to long term). To start with, the Chiang Mai Initiative Multilateralization (CMIM) should be fundamentally reformed and lead to an Asian Monetary Fund (AMF), possibly in the longer term also creating a separate common Asian currency. The experiences in Europe could serve as illustrative material in this context. In Section 2, the authors describe the reasons they see for a fundamental reform of the financial arrangements in Asia and... You do not currently have access to this content.