Chiang Mai Initiative Multilateralisation

E633878

The Chiang Mai Initiative Multilateralisation is a regional financial safety net among ASEAN+3 countries designed to provide liquidity support and strengthen financial stability in East Asia.

All labels observed (3)

How this entity was disambiguated

Statements (47)

Predicate Object
instanceOf currency swap arrangement ⓘ
regional financial arrangement ⓘ
regional financial safety net ⓘ
aimsTo address balance of payments and short-term liquidity difficulties ⓘ
provide short-term U.S. dollar liquidity support ⓘ
strengthen financial stability in East Asia ⓘ
coexistsWith ASEAN+3 Macroeconomic Research Office Precautionary and Liquidity Line framework ⓘ
contributesTo regional financial cooperation in ASEAN+3 ⓘ
regional financial stability ⓘ
currency U.S. dollar ⓘ
linked to: US dollar
enteredIntoForceOn 2010-03-24 ⓘ
establishedBy ASEAN+3 Finance Ministers ⓘ
follows Chiang Mai Initiative ⓘ
governedBy CMIM Agreement ⓘ
hasAbbreviation CMIM ⓘ
hasCrisisFacility Stability Facility ⓘ
hasDecisionMakingBody CMIM Deputies Meeting ⓘ
CMIM Ministerial Meeting ⓘ
hasIMFDeLinkedPortion 30 percent of maximum swap amount ⓘ
hasMainContributor Japan ⓘ
People's Republic of China ⓘ
linked to: China

Republic of Korea ⓘ
linked to: South Korea
hasPrecautionaryFacility Precautionary Line ⓘ
hasSecretariatFunction ASEAN+3 Macroeconomic Research Office ⓘ
hasTotalSize 240 billion U.S. dollars ⓘ
hasVotingStructure weighted by financial contributions ⓘ
headquarteredIn Singapore ⓘ
includesMemberGroup Association of Southeast Asian Nations ⓘ
Hong Kong, China ⓘ
Japan ⓘ
People's Republic of China ⓘ
linked to: China

Republic of Korea ⓘ
linked to: South Korea
legalForm multilateral currency swap agreement ⓘ
linkedTo International Monetary Fund ⓘ
monitoredBy ASEAN+3 Macroeconomic Research Office ⓘ
policyArea crisis prevention and resolution ⓘ
regional financial safety nets ⓘ
predecessor Chiang Mai Initiative network of bilateral swaps ⓘ
purpose regional self-help and support mechanism ⓘ
region ASEAN+3 ⓘ
East Asia ⓘ
responseTo 1997 Asian financial crisis ⓘ
servesAs liquidity support mechanism ⓘ
signedOn 2009-12-28 ⓘ
supportedBy ASEAN+3 Macroeconomic Research Office ⓘ
supports members facing short-term liquidity difficulties ⓘ
typeOfSupport swap of local currency for U.S. dollars ⓘ

How these facts were elicited

Referenced by (3)

Full triples — surface form annotated when it differs from this entity's canonical label.

CRA → relatedConcept → Chiang Mai Initiative Multilateralisation ⓘ
Chiang Mai Initiative Multilateralisation → follows → Chiang Mai Initiative ⓘ
linked to: Chiang Mai Initiative Multilateralisation
Chiang Mai Initiative Multilateralisation → predecessor → Chiang Mai Initiative network of bilateral swaps ⓘ
linked to: Chiang Mai Initiative Multilateralisation