Regional Monetary Cooperation in Asia

To provide short-term credit lines for Asian states in need

To establish an Asian Monetary Fund for sudden infusions of credit

To pool international reserves totaling US$120 billion in commitments

To promote regional cooperation through bilateral currency swap agreements (correct)

Concerns about the independence of surveillance process

Due to intense US opposition (correct)

Lack of support from ASEAN members

Inadequate financial commitments from PRC, Japan, and South Korea

PRC, Japan, and South Korea (correct)

United States and European countries

International monetary organizations

ASEAN members

<p>An independent surveillance process preceding drawings or advances</p> Signup and view all the answers

<p>To be separated from existing national resources and beyond collaborative arrangements</p> Signup and view all the answers