Asian Monetary Fund

Paper Summary:

This paper discusses the need to form a regional fund, known as Asian Monetary Fund (AMF). It examines why many Asian countries prefer to have a regional fund. It also studies whether an AMF will threaten the existence of the International Monetary Fund (IMF). As there are objections to the formation of an AMF, a modified regional fund is also suggested. Lastly, proposed roles of an AMF are outlined to substantiate its formation.

From the Paper:

"This case study serves to illustrate the important roles played by the International Monetary Fund (IMF) during the Asian financial crisis in 1997. Despite playing some positive roles, the IMF has received widespread criticisms that the reform measures it implemented in Asia were too sudden and too harsh, and in most cases, not appropriate for the social dimension in Asia."

More papers on Asian Monetary Fund:

• Narrative Essay # 68942 : "The Asian Monetary Fund"
• Research Paper # 63769 : "World Bank and the International Monetary Fund"
• Research Paper # 99254 : "East Asian Financial Crisis"

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