1. East Asia: Currency Cooperation
- Publication Date:
- 05-2002
- Content Type:
- Policy Brief
- Institution:
- Oxford Analytica
- Abstract:
- Former IMF First Deputy Managing Director Stanley Fischer expressed support for regional currency arrangements in a speech at the Hong Kong Monetary Authority on May 21. East Asian nations continue to discuss swap arrangements and other forms of cooperation in the hope of defending local currencies. Fischer endorsed the swap plans while throwing critical light on currency 'management' schemes. Such schemes could result in perverse consequences for regional economies.
- Topic:
- Economics, International Organization, and International Trade and Finance
- Political Geography:
- Asia and Hong Kong