Asian countries agree currency swap network

ASIA - Asia's leading governments have put the finishing touches to plans for a network of currency swap arrangements to guard against a repeat of the 1997 regional economic crisis as concerns of a new global slowdown grow.

Finance ministers from Japan, China, South Korea and the 10 countries of the Association of South East Asian Networks (ASEAN) met in Malaysia on Apr 7-8, 2001 and agreed to link the network of currency swaps between Asean and the three north Asian governments to International

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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