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Regional Financial Arrangement: An Impetus for Regional Policy Cooperation

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Listed:
  • Siregar, Reza
  • Miyaki, Keita

Abstract

The primary objective of our study is to look into possible catalytic roles that CMIM, a regional financial arrangement among ASEAN+3 economies and its surveillance unit(AMRO) can play in enhancing macroeconomic policy cooperation in this region. The key questions that the study hopes to address are: can CMIM and AMRO provide impetuses for deeper and more meaningful macroeconomic policy cooperation in the region? What are the policy areas and what could be the catalytic roles for CMIM and AMRO in promoting policy cooperation?

Suggested Citation

  • Siregar, Reza & Miyaki, Keita, 2013. "Regional Financial Arrangement: An Impetus for Regional Policy Cooperation," MPRA Paper 51050, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:51050
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    References listed on IDEAS

    as
    1. Pontines, Victor & Siregar, Reza Y., 2012. "Fear of appreciation in East and Southeast Asia: The role of the Chinese renminbi," Journal of Asian Economics, Elsevier, vol. 23(4), pages 324-334.
    2. Nicola Cetorelli & Linda S. Goldberg, 2008. "Banking globalization, monetary transmission, and the lending channel," Staff Reports 333, Federal Reserve Bank of New York.
    3. Hal Hill & Jayant Menon, 2014. "Financial safety nets in Asia: genesis, evolution, adequacy and way forward," Chapters, in: Masahiro Kawai & Peter J. Morgan & Pradumna B. Rana (ed.), New Global Economic Architecture, chapter 5, pages 83-111, Edward Elgar Publishing.
    4. Siregar, Reza Yamora & Lim & C.S. Vincent, 2010. "The Role of Central Banks in Sustaining Economic Recovery and in Achieving Financial Stability," Staff Papers, South East Asian Central Banks (SEACEN) Research and Training Centre, number sp74.
    5. Reza Siregar & Akkharaphol Chabchitrchaidol, 2013. "Enhancing the Effectiveness of CMIM and AMRO : Selected Immediate Challenges and Tasks," Governance Working Papers 23388, East Asian Bureau of Economic Research.
    6. Reza Y Siregar & Keen Meng Choy, 2010. "Determinants of International Bank Lending from the Developed World to East Asia," IMF Staff Papers, Palgrave Macmillan, vol. 57(2), pages 484-516, June.
    7. Nicola Cetorelli & Linda S Goldberg, 2011. "Global Banks and International Shock Transmission: Evidence from the Crisis," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 59(1), pages 41-76, April.
    8. Colavecchio, Roberta & Funke, Michael, 2007. "Volatility dependence across Asia-Pacific on-shore and off-shore U.S.dollar futures markets," BOFIT Discussion Papers 17/2007, Bank of Finland Institute for Emerging Economies (BOFIT).
    9. Takagi, Shinji, 2010. "Regional Surveillance for East Asia: How Can It Be Designed to Complement Global Surveillance?," Working Papers on Regional Economic Integration 50, Asian Development Bank.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    CMIM; AMRO; ASEAN+3; Regional Financial Cooperation;
    All these keywords.

    JEL classification:

    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • F15 - International Economics - - Trade - - - Economic Integration
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions

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