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ID101982
Title ProperSources and evolution of the Chiang Mai initiative
LanguageENG
AuthorAmirov, V
Publication2010.
Summary / Abstract (Note)LIKE THE CURRENT GLOBAL CRISIS, the Asian financial and economic crisis of 1997 and 1998 was not just a cyclic event. As a general rule, events of this kind end up in a search for mechanisms that forestall or cushion a future crisis somehow. At the turn of the centuries waves of trouble tend to rise, in the first place, in financial sphere. Hence, it is natural to see attempts to mend it in a new way at both global and regional levels. In East Asia, the Chiang Mai Initiative (CMI) is a striking example of regional financial cooperation.
`In' analytical NoteInternational Affairs (Moscow) Vol. 56, No. 6; 2010: p.51-57
Journal SourceInternational Affairs (Moscow) Vol. 56, No. 6; 2010: p.51-57
Key WordsAsian Financial and Economic Crisis - 1997 ;  Chiang Mai Initiative (CMI) ;  Kiichi Miyazawa ;  Japan ;  Asian Monetary Fund (AMF) ;  International Monetary Fund (IMF) ;  China ;  World Economy ;  Russsia