This paper analyzes the factors that have contributed to the development of the Chiang Mai Initiative, one of the prominent examples of recent East Asian financial cooperation, by comparing it with the failed 1997 proposal for an Asian Monetary Fund.

Keywords:
ASEAN Plus Three, Asian Monetary Fund, Asian regionalism, Chiang Mai Initiative, financial cooperation
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© 2009 by The Regents of the University of California.
2009
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