Financial Dimension in Asian Cooperation

• Autorzy: Katarzyna Żukrowska

Warianty tytułu

Finansowy wymiar współpracy azjatyckiej

• Języki publikacji: EN

Abstrakty

EN

Article covers financial and monetary cooperation, showing their roots and stages, on a wider background of world economy and developments in the structure of the world's financial system. It also becomes clear that Asian states were pushed into closer cooperation by two crises of 1997 and 2008+. The financial cooperation includes tools which help states to stabilize their currency exchange rates. Current system, the Chiang Mai Initiative, embraces three pillars: liquidity assistance; monitoring and surveillance; exchange rate & financial policy cooperation. Since launching, the system went through a process of widening, which means growing number of states participating in it; and deepening, which means expansion of the scale and scope of cooperation. The cooperation started with easing financial liquidity, in advanced phases it built confidence and trust. This has laid foundation for systemic, legal, institutional convergence, paving way to further integration (internal market in 2020).(original abstract)

Artykuł przedstawia współpracę finansową i monetarną, wskazując na jej korzenie i fazy, jakie przeszła. Problem omówiony jest na szerszym tle gospodarki światowej i zmian zachodzących w strukturze światowego systemu finansowego. Współpraca finansowa i monetarna w Azji została wymuszona przez dwa kolejne kryzysy 1997 i 2008+. W ramach Inicjatywy z Chiang Mai stworzony został system oparty na trzech filarach, wspieraniu płynności, monitoringu i obserwacji; współpracy finansowej i kursowej. System od czasu wprowadzenia przeszedł poszerzanie, co oznacza wzrost liczby państw objętych współpracą i pogłębiania, co oznacza objęcie współpracą nowych dziedzin.(abstrakt oryginalny)

Słowa kluczowe

EN

Cooperation; International cooperation; Financial liquidity; World economy

PL

Współpraca; Współpraca międzynarodowa; Płynność finansowa; Gospodarka światowa

• Czasopismo: Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu
• Rocznik: 2015
• Numer: nr 413 Dimensions of Regional Processes in the Asia-Pacific Region
• Strony: 118--135

Twórcy

autor

Katarzyna Żukrowska

• Warsaw School of Economics, Poland

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Identyfikatory

DOI

10.15611/pn.2015.413.11