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Tag: ASEAN+ 3 reserve pooling

Pooling reserves in Asia

On May 9, 2007 By Tobias S. HarrisIn Observing Japan Blog1 Comment

The Yomiuri Shimbun's lead editorial today focuses on an agreement reached at the annual meeting of the Asian Development Bank (ABD) to pool currency reserves among the ASEAN + 3 countries so to be able to provide liquidity in the event of a crisis.Building on the Chiang Mai Initiative, an earlier agreement in ASEAN + …

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