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Reviving the "Asian Monetary Fund"

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  • C. Fred Bergsten

    (Peterson Institute for International Economics)

Abstract

Japan proposed an "Asian Monetary Fund" during the early stages of the crisis more than a year ago. The idea was never specified sufficiently to permit objective evaluation. It was nevertheless immediately rejected, mainly by other Asians (most vocally China) but also by the United States and the rest of the G-7, due to fears that it could undermine the leadership role of the International Monetary Fund and foster a split between Asia and North America.

Suggested Citation

  • C. Fred Bergsten, 1998. "Reviving the "Asian Monetary Fund"," Policy Briefs PB98-8, Peterson Institute for International Economics.
    • Handle: RePEc:iie:pbrief:pb98-8
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    Cited by:

    1. Riccardo Faini & Enzo Grilli, 2004. "Who runs the IFIs?," Development Working Papers 191, Centro Studi Luca d'Agliano, University of Milano.
    2. Shintaro Hamanaka, 2016. "Insights to Great Powers' Desire to Establish Institutions: Comparison of ADB, AMF, AMRO and AIIB," Global Policy, London School of Economics and Political Science, vol. 7(2), pages 288-292, May.
    3. Hamanaka, Shintaro, 2018. "Theorizing regional group formation : anatomy of regional institutions from a membership perspective," IDE Discussion Papers 683, Institute of Developing Economies, Japan External Trade Organization(JETRO).
    4. Woosik Moon & Yeongseop Rhee, 2012. "Asian Monetary Integration," Books, Edward Elgar Publishing, number 14191.
    5. Diehl, Markus & Nunnenkamp, Peter, 2001. "Lehren aus der Asienkrise: wirtschaftspolitische Reaktionen und fortbestehende Reformdefizite," Kiel Discussion Papers 373, Kiel Institute for the World Economy (IfW Kiel).

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