Park, Yung Chul

Reforming the international financial system and prospects for regional financial cooperation in East Asia - 2001

Discusses a number of recent developments - both intra and extra-regional - that have moved East Asians toward forming regional financial arrangements in East Asia, together with the pros and cons of such arrangements in general. Examines the adoption and enforcement of global standards and codes of conduct proposed by a number of international financial institutions and other international organisations. Considers the role of the IMF as a crisis manager and lender and its relevance to emerging market economies.