Policy Paper 21 (February 2012) – The contradictions of the Asian Monetary Fund

In the latest GPI Policy Paper, Chris Dixon focuses on the issue of an Asian Monetary Fund (AMF). At the time of its launch in March 2010, the Chiang Mai Initiative Multilateralisation (CMIM)  was widely reported, particularly in Asia, as heralding the establishment of an AMF that would provide both an independent alternative to the IMF and distance from the influence of the USA. However, while the CMIM may well be a major step towards the establishment of such an AMF, as presently constituted it is neither separate from the IMF nor fully functional.

DOWNLOAD THE FULL POLICY PAPER HERE.

About the GPI

The Global Policy Institute is a research institute on international affairs. It is based in the City of London, and draws on both a rich pool of international thinkers, academics as well as policy and business professionals. The Institute gives non-partisan guidance to policymakers and decision takers in business, government, and NGOs.

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